“The response has been excellent. Excellent investment.” Out of Home Company Broker, Stephen Minnich. “FYI, today we got two requests from out of home companies to sign up. Y’all are awesome” Billboard Insider Classified customer Evan Metrock, Billboard Alerts. “Got several calls and sold the trivisions to the first one.” […]
Other News
Scott Lafoy joins Link Media Outdoor
Link Media Outdoor is pleased to announce that Scott LaFoy has joined the Company in the Mergers & Acquisitions area and will be helping identify and purchase outdoor companies to assist in growth of the Company. LaFoy most recently served as General Manager for Fairway Outdoor in Chattanooga, TN. Prior […]
A banker talks about sustainable leverage
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 […]
OUTFRONT Media Announces Hiring Of Chief Financial Officer
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 Wins CT Contract
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 of the Day: Carlson Sign
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 […]
Sustainable leverage for your out of home company
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 Record Levels
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 […]
Greenridge Farms uses Outfront billboards and mobile network
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 of the Day – Capital Outdoor Advertising
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, […]