On August 26, 2016, the Texas Appeals Court for the Third District in Austin voided the two sections of the Texas Highway Beautification Act (“HBA”) addressing permits, licenses, enforcement, and regulation on the ground that the Act violated the First Amendment’s protection of Free Speech after the US Supreme Court’s […]
09/14/2016 JCDecaux joins the Dow Jones Sustainability Index, the benchmark index for socially-responsible companies Paris, 14 September 2016 – JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that following an evaluation by RobecoSAM (a company specialising in sustainable investing) and in partnership with S&P Dow […]
What’s proper billboard spacing? When Insider approaches Winnemucca Nevada on I-80 he sees thirteen 14 by 48 steel monopole billboards spaced 500 feet apart on on the south side of the freeway. They show up as small dark lines off I-80 on the google map picture below. Many of […]
Myron Laible is Vice President, State, Local and Regulatory Affairs for OAAA. He has been with OAAA for 30 years. He is also an officer for the Foundation for Outdoor Advertising Research and Education. Laible was elected to the OAAA Hall of Fame in 2007, an honor given every two […]
J. Allen Smith is a eminent domain and condemnation expert at Settlepou, a Dallas law firm. In June 2016 Smith and Paul Wright gave a presentation on billboard appraisal methodologies and case law at the International Right of Way Association Conference. Insider interviewed Smith this week about billboard condemnation and […]
Insider has several outdoor clients who have railroad leases, that is, leases for billboards which are located in railroad rights of way. Here are the advantages of railroad leases. Easy access. Most railroad sites are easy to access and build because the ground is cleared and vegetation free. Great locations. […]
Insider talked with Gabe Oliverio of outdoor investment banking firm Johnsen Fretty about outdoor values. Sounds to Insider like now is a good time to sell your company. Insider is seeing values of 5-6 times run rate revenue and 8-12 times run rate cashflow in the outdoor advertising market. What’s […]
The four public outdoor companies were valued at 3.7 times gross revenue and 13.2 times cashflow at June 30, 2016 according the the Yahoo Finance pages for Clear Channel Outdoor, Outfront, Lamar and JCDecaux. Lamar leads the group at a valuation of 6.4 times revenue and 15.3 times cashflow. Insider […]
Insider has been financing outdoor companies for 20 years. Here’s the information you should put together before you approach a lender. By having the information already assembled you will look professional and competent. The most important items are listed first. Income Statement and Balance Sheet for your outdoor company […]
Insider thought you might want to see what the stock market thinks of the Big 4 Outdoor companies: Lamar, Outfront, Clear Channel and JCDecaux. The chart below comes from investment banker Mark Boidman’s presentation titled OOH and M&A. The Chart demonstrates that the stock market values Lamar at 13.1 times […]
