Other News

A Right of First Refusal Holds Up in Court

Many out of home leases have a clause allowing the out of home company the right of first refusal to purchase property if it is listed for sale.  Will a right of first refusal hold up in court?  Yes, according to Adams Outdoor versus Todd Tarr and Shirley Buchner.  Here […]

Branded Cities Launches $9 Million Spectacular at 3 Times Square

New York, NY– December 13, 2022 – Branded Cities, North America’s premier and iconic Out-of-Home media company, today announced the launch of their new $9 million dollar digital spectacular located at 3 Times Square. Previously known as the Thomson Reuters digital display, the former 6-screen spectacular has been renamed as […]

Mexico Tourism Executes LA Bus Wraps

Mexico Tourism has initiated an out-of-home (OOH) media campaign that is 100-percent transit-focused to encourage Los Angeles-area residents and commuters to vacation in beautiful Baja California. Partnering with OUTFRONT Media, one of the largest out-of-home media (OOH) companies in the U.S., the OOH campaign utilizes 8 fully-wrapped large format buses […]

Company of the Day: Seiz Outdoor

Company: Seiz Signs Markets: Arkansas Address: 1231 Central Avenue, Hot Springs Arkansas Email: robertb@seizsigns.com Phone:  501-623-3181 Seiz Signs operates a on premise sign company together with a 225 face billboard plant in Hot springs and Garland County, Arkansas.  David Hamilton is the company’s President.  He is a fourth generation family […]

MediaCo Holding Divests Fairway Outdoor to Lamar For $78 Million

December 12, 2022 New York, NY – MediaCo Holding Inc. (“MediaCo”) (NASDAQ: MDIA) announced today that it has divested the assets of Fairway Outdoor LLC, its out-of-home advertising division located across the eastern United States, to Lamar Advertising Company (“Lamar”) (NASDAQ: LAMR) for $78.6 million. The sale included more than […]

Daktronics Posts $12 Million Loss in 2Q FY 2023

Here are the results from Daktronics earnings release and earnings call for the second quarter of fiscal year 2023 (3 months ended October 29, 2022). Revenue increased by 14% to $187 million for the second quarter of fiscal 2023. The company had a net loss of $12 million for the […]

Company of the Day – Schubert & Hoey Outdoor

Company:  Schubert & Hoey Outdoor Advertising Headquarters:  2747 26th Avenue South, Minneapolis, MN 55406 Market: Minnesota, Wisconsin  Phone: (612) 722-1090 Email:  info@hoeyoutdoor.com Schubert & Hoey Outdoor Advertising is a family owned and operated company which has been in business since 1946. Their locations span the states of Minnesota and Wisconsin on major interstates, highways, and even county roads. […]

Ken Altena on Sustainable Out of Home Debt.

Ken Altena has 35 years experience as a lender to out of home companies.  He is a partner in Billboard Loans, LLC.  As a lender, I am often asked, “How much can I borrow?”  The answer is, “it depends.”  It depends on your borrowing costs and it depends on how […]

Be Bold But Be Careful

It is nice to be bold in supporting  your team, but you may have to deal with the consequences.  The British newspaper, The Sun, put up billboards in advance of the quarterfinal World Cup soccer match between England and France.  The Sun went digital right in front of the Eiffel […]