Insider gave his thoughts on sustainable leverage for an out of home company yesterday. He received this feedback from an out of home industry banker: I just read your article on sustainable leverage, which was quite accurate from the bankers perspective. However, I doubt many banks have different underwriting guidelines […]
NEW YORK, May 24, 2018 /PRNewswire/ — OUTFRONT Media Inc. (OUT) announced today that it has appointed Matthew Siegel to serve as Executive Vice President and Chief Financial Officer, effective June 4, 2018. Siegel most recently served as Executive Vice President and Chief Financial Officer of CBS Radio Inc. and previously held senior […]
Vector Media has been awarded the municipal transit contract for the state of Connecticut, raising our national footprint to 53 markets. With nearly 400 vehicles in the network, this exciting expansion will enable Vector to bring even greater reach to our clients, as we continue to grow what is already […]
Company: Carlson Sign Markets: Oregon Headquarters: 1605 NE Forbes Rd., Bend, Oregon 97701 Phone: 541-382-2182 Carlson Sign Company was founded in 1948 by Ted and Irene Carlson. Their son Dick Carlson ran the business from 1958-1997 and then his son Peter Carlson took over the business. The firm owns 123 billboard displays throughout Central […]
Insider thinks a public out of home REIT (e.g. Lamar and Outfront) has a sustainable leverage (Debt/Cashflow) of 3.5-4.0. A private out of home company which is under no pressure to pay dividends has a sustainable Debt/Cashflow ratio of 6.0. Sustainable leverage consists of how much money you can borrow […]
Summer air travel will hit a new record, buoyed by economic growth and airline competition. US airlines are adding 116,000 seats per day to meet summer demand, says industry trade group Airlines for America. Here are highlights of air-travel projections released May 23: Air travel will increase 3.7 percent between […]
NEW YORK, — May 21, 2018 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) and Greenridge Farm today unveiled an out-of-home (OOH) campaign calling Chicagoans to think about the quality of their deli meats, cheeses, and sausages. With creative developed in collaboration with OUTFRONT Studios, the campaign combines billboards with OUTFRONT’s […]
Company: Capital Outdoor Advertising Markets: Virginia and North Carolina Headquarters: 1528 Old US 264-A, Zebulon, NC 27597 Phone: 919-873-9020 Capital Outdoor Advertising operates a billboard plant based from their headquarters in Zebulon, North Carolina. The company has 800 faces in North Carolina and Virginia. Insider caught up with Robert Sykes, […]
Yesterday Insider talked about a billboard publicity stunt that backfired. Here’s a billboard publicity stunt which was effective. Bobby Bones is host of a nationally syndicated country music radio program. He devoted his April 26 podcast to describing a billboard stunt to promote his podcast. In 2014 Bobby anonymously spent $13,000 […]
Clear Channel announced first quarter 2018 earnings yesterday. Here’s a summary of the earnings release, slide presentation and seeking alpha transcript. Consolidated revenue increased 9.9% to $598 million due to international sales growth and the impact of foreign exchange movements. Americas revenue (US and Canada) declined 1.7% to $256 million […]
