We all thought this was coming. For the past year, the billboard industry has experienced a slowdown in merger and acquisition (M&A) activity. Speculation around 2024’s subdued deal flow attributed much of the decreased activity to the high-interest rates seen throughout 2023 and early 2024. In addition, there was a […]
Clear Channel Outdoor CFO David Sailer and Treasurer Jason Menzel spoke at last week’s B of A Securities Leveraged finance conference. Here’s a selection of their comments curated and analyzed by SignValue. The MTA contract – more revenues but lower margin it’s probably a little over a 2% increase or 200 […]
Hi Max, now that we are in the home stretch of 2024, how would you describe the M&A marketplace this year? Looking back on the year so far, it felt similar to the period following the recession, such as 2013 & 2014. There was some activity in terms of smaller […]
After our article providing some of the key content from the DPAA Video Everywhere Summit, we received the following comment from Max Drachman at Drachman M&A Co. “I noticed in the article with the DPAA comments, that there was a mention of “traditional OOH is flat.” Do you know if […]
PHOENIX, AZ – October 2, 2024 – SignValue, the leading Out-of-Home (OOH) advertising advisory services firm in the United States specializing in lease portfolio management, asset valuation, and brokerage, announced today that they have been selected by Norfolk Southern, one of the largest Class 1 railroad operators, to manage its […]
SignValue Note: One great lesson we have learned over the years is that a deal is not complete until all signatures are in place and funds have transferred. Though there has been quite a bit of news on the Nickelytics/ TRUCKADS® transaction, the transaction officially closed yesterday. Below is the […]
Insider is listening on Friday morning to Federal Reserve Chair Jerome Powell give his strongest signal yet that interest-rate cuts are coming soon, saying the central bank intends to act to stave off a further weakening of the U.S. labor market. Of course, the overall economy is important, but the […]
Anybody else noticed how quiet the OOH M&A market is? Billboard Insider has noticed a slowdown in new tombstones and purchase announcements. The slowdown has two causes. High interest rates. The prime rate has almost tripled since 2020 from 3.25% in March 2020 to 8.5% today. Look what the […]
Lamar’s CEO Sean Reilly summarized the second quarter as follows: “The trends that we observed in Q1 held in Q2 strong demand from local and regional advertisers more than offset softness in some national customers allowing us to deliver solid consolidated revenue growth.” Here are the results of Lamar’s 2Q […]
Justin Powell of Huntington Outdoor asked the following question after reading our article on Billboard Cashflow: I understand that general depreciation shouldn’t count….but how about digital display replacement costs? Those are real and significant expenses you have every 10 years or so. If you don’t include those what you might actually […]
