Insider is republishing an interview with Paul Wright because Wright’s insights are timeless. Paul and Jeff Wright own Signvalue.com, the industry’s leading billboard valuation firm. Signvalue.com should be in your bookmarks because it lists dozens of billboards for sale in the United states. Paul Wright has published the best book on […]
Finance
Lind Media Acquires Ohio Assets
The Mansfield News Journal reports that Lind Media announced that they have acquired over 500 billboards in the Cleveland, Columbus and Cincinnati markets. Also included are assets in Richland, Ashland, Crawford, Morrow Marion, Wayne, Knox, Fayette and Clinton counties. Lind Media Company, organized in 1991 by John L Siegenthaler, operates over 1,300 billboards […]
Tax Advantages of Buying A Billboard
Watchfire’s blog has a great post called “Purchasing New Signage – Understand Section 179 and save money.” The “Protecting Americans from Tax Hikes Act of 2015” allows a small business to take a depreciation writeoff of the entire amount of equipment bought in 2016, up to a $500,000 maximum. If […]
Drachman Sees M&A Opportunities For Independent Outdoor Companies
Investment banker Max Drachman of Kalil & Co has been busy doing outdoor transactions. Insider asked Max to talk about the outdoor M&A market. You can reach Max at kalil@kalilco.com, 520-795-1050. Max Kalil and Co has been busy in the first quarter. What have you done? Yes, we have had […]
Clear Channel Outdoor Wins DC National and Dulles Airport Contract
Businesswire has announced that the Metropolitan Washington Airports Authority has awarded Clear Channel Outdoor a contract to provide advertising at DC’s Washington Dulles and Reagan National airports. Here are the highlights: An 8 term contract term with one 2 year option to extend. 4 digital sign networks, 75 HD screens […]
Scott Wells Buys Clear Channel Shares
Microcap reports that Clear Channel Outdoor Scott Wells bought 5,000 shares of Clear Channel Outdoor on March 4. With the purchase Wells directly owns 50,283 shares of stock valued at $209,000. Insider’s take: If Insider were a Clear Channel Outdoor shareholder, he’d be happy that an insider is buying. A […]
Alaska Doesn’t Allow Billboards But Loves Lamar
Alaska doesn’t allow billboards so Insider had a laugh today when he read a story in Hilltop News saying that the Alaska Department of Revenue owned 37,610 shares of Lamar worth $2.25 million at December 2015. Alaska increased the number of Lamar shares it owned by 4.4% during the fourth […]
Fairway Swaps Atlanta Plant To Clear Channel For Indy Plant
Insider has heard from multiple sources that Fairway Outdoor is trading Atlanta outdoor assets and some cash to Clear Channel Outdoor for Clear Channel’s Indianapolis plant. The Clear Channel Office in Indianapolis still answers the phone as Clear Channel Outdoor.
Clear Channel Sells Columbus To Lamar
Zacks reports that Clear Channel Outdoor has sold its Columbus analog and digital billboards to Lamar. the transaction follows a January 2016 $458 million sale of 5,500 bulletins and 132 digital displays to Lamar. No price was disclosed. Insider expect to see more asset sales from Clear Channel Outdoor. Clear […]
Outdoor revenues reach new high.
US outdoor revenue has recovered from the great recession and reached a new high according to the OAAA. A couple things stand out from the March 2016 OAAA revenue release. US outdoor revenues grew at a robust 5.8% rate during the fourth quarter to finish up 4.6% to $7.3 […]
