Kalil & Co. announced last night that InSite MediaCom had sold their assets in Georgia and South Carolina. Insider spoke with Max Drachman last night about the transaction. Could you tell us more about the InSite MediaCom transaction? We’ve had a longstanding relationship with the owners, and assisted them with […]
Covid has temporarily put the brakes on the sale of Clear Channel Outdoor European assets according to Clear Channel Outdoor Worldwide CEO William Eccleshare. Here’s a selection of comments by Eccleshare, Americas CEO Scott Wells and CFO Brian Coleman at yesterdays’s Goldman Sachs Communicopia Conference. A selection of their comments. […]
By Melaina Merritt, Marketing & Research Manager, Reagan Outdoor “There is no question that, when Sales and Marketing work well together, companies see substantial improvement on important performance metrics: Sales cycles are shorter, market-entry costs go down, and the cost of sales is lower.” – Harvard Business Review The pandemic […]
Last Friday OUTFRONT CFO Matt Siegal suggested that out of home multiples are lower. Five investment bankers tell insider that there hasn’t been a dramatic shift in multiples. Max Drachman, Kalil and Co I believe there are many executives that would agree with Matt on feeling an acquisition today would […]
Billboard Insider talked yesterday with Kalil and Company broker Max Drachman about the out of home transactions market. Max, what are you seeing in terms of transaction activity as we move into what appears to be another wave of Covid infections around the country? We have closed five Outdoor deals […]
The City of West Hollywood has selected 21 projects for the city’s Sunset Arts & Advertising Program. The city’s Design Excellence Review Committee concluded the evaluation in May. The Sunset Arts & Advertising Program was launched in 2019 by the city to “reimagine” the outdoor advertising style on the Sunset […]
By Paul Wright, founder and CEO of SignValue Is it a good time to sell my billboard plant? What kind of price do you think we can get? How long will it take? These are all good questions, but they are just the tip of the iceberg. Our clients are […]
Standard Diversified the public tobacco, vaping, insurance and out of home company sold Standard Outdoor, LLC to Billboards LLC, an affiliate of Standard General L.P. The spinoff is part of a plan of reorganization. Here’s what Insider has learned from Standard’s April 13, 2020 Sale announcement, 2019 10k and first quarter […]
Insider wrote last week about Clear Channel and their announcement of a “shareholder rights plan” . Seeking Alpha and Reuters followed up with pieces on valuation problems with some recent bond offerings. Since March 24, the day after the Fed announced its unprecedented stimulus programs, 23 companies borrowed money in […]
Clear Channel Outdoor announced a “shareholder rights plan” on May 19: SAN ANTONIO, May 19, 2020 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”) announced today that its board of directors (the “Board”) unanimously adopted a shareholder rights plan (the “Rights Plan”) to protect the interests of all Company […]
