On Tuesday Insider ran an article by Paul Wright on a Pennsylvania Commonwealth Court ruling that billboard lease income could be considered when estimating the taxable value of land. This is a big issue for operators because landlords will be more reluctant to allow billboards on their property if a […]
Here’s a simple table comparing Clear Channel Outdoor, Lamar, Outfront and Link Media Outdoor based on 2018 financials and March 2019 valuation. Lamar has the highest cashflow margin and valuation. Clear Channel Outdoor has the highest leverage and the most employees. Outfront has the highest revenue per employee, reflecting big […]
Clear Channel Outdoor Holdings, Inc. announced the members selected to serve on its new Board of Directors when it becomes a standalone company upon iHeartMedia’s emergence from its previously announced restructuring process. Here is a list of the post-emergence board: Ben Moreland (Chair) – W. Benjamin (Ben) Moreland will serve as […]
Scott LaFoy has learned a thing or two about buying and selling out of home companies in the course of a 34 year out of home career. He is in charge of Mergers and Acquisitions for Link Media Outdoor. Prior to that he was a General Manager for Fairway Outdoor […]
The Chichester School District, et al opinion from the Commonwealth Court of Pennsylvania reported in the January 4 edition of Billboard Insider illustrates the appraisal issues for billboards and the land on which they are situated in two different contexts, namely for ad valorem taxes vs condemnation. This Pennsylvania case […]
A three-judge appeals court in Pennsylvania ruled that the presence of billboards can be considered in determining market value for purposes of real estate tax assessment. The appeals ruling in Pennsylvania, entered December 27, 2018, reversed a trial court that said the opposite (April 27, 2017). The case involved schools […]
It’s a poorly kept secret that a couple months ago American Towers bought RSA Media, a Boston out of home company with 15 high profile Boston billboard structures. Kalil & Co. confirmed their assistance in negotiating and brokering the RSA Media sale transaction without mentioning the buyer, at the buyer’s […]
Insider is running a series of columns in which out of home leaders give their predictions for 2019. We’ve previously heard from Vistar’s Michael Provenzano and OUTFRONT Media’s Jodi Senese. Today we hear from Chris Cowlbeck the General Manager of the Independent Billboard Operators USA. We at the IBOUSA headquarters […]
Last Friday Insider posted on Billboard Cashflow and how it differs from EBIDTA. Valuation Expert Paul Wright of Signvalue points out the limits of using Billboard Cashflow for valuation with these comments on last friday’s post: This is a great discussion of the term Billboard Cash Flow and why most banks […]
Billboard advertising works. Watch this 2 minute video in which The Wall Street Journal’s Rolfe Winkler interviews Henrique Dubugras, CEO of the startup Brex about his $300,000 Bay Area billboard buy. Winkler: How many of you know this billboard…An investor I was speaking to said this was the best investment […]
