New York, NY (October 19, 2020) – New non-profit, NYCNext isn’t the first to denounce false narratives speculating that New York would not survive the pandemic, but it might be the loudest. Their inaugural campaign, created by Dumbo-based creative agency Our Man In Havana, sets out to remind New Yorkers […]
Insider has been tracking two significant tax cases in Cincinnati and Baltimore. The Supreme Court of Ohio accepted an appeal of the legal challenge to Cincinnati’s targeted tax on billboards. In June, 2018, the City of Cincinnati enacted a billboard tax as part of a last-minute “emergency” measure to help […]
The Baltimore City Council is considering Bill 20-0570 to authorize the erection of digital billboards within railroad rights of way. The bill was introduced in July by City Council President Brandon Scott and is supported by Baltimore’s Mayor Jack Young. Any new billboards must: face the interstate be 500 feet […]
Out of home stocks had a volatile third quarter as you can see below. OUTFRONT led the way with a 3.9% gain for the third quarter of 2020. Clear Channel Outdoor was up 2.4% and Lamar declined 0.2% The Standard and Poors Index was up 9.6%. Public out of home […]
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. […]
Yesterday Clear Channel Outdoor Holdings announced plans to reduce headcount in Europe and Latin America in response to the impact of covid on revenue. The company expects to achieve an annual pre tax cost saving of $20 million. Looks to Insider like this equates to 2% of total international expenses […]
By Campbell Keller, Director of Product Development, Clear Channel Outdoor One of the behaviors arising from COVID-19 shelter-in-place orders was the uptick in time spent consuming content across all screens. According to Nielsen, Americans streamed 85% more minutes of video in March 2020 compared to March 2019. And experts suggest this is […]
Lamar Advertising will pay a cash dividend of $0.50/share on September 30, 2020. The dividend equates to a 2.96% yield on the stock down from the 4-6% dividend yield Lamar was paying prior to Covid. Lamar cut the dividend during Covid to conserve cash. Lamar’s dividend is running at 50% […]
Clear Channel Outdoor ran a nationwide digital campaign commemorating Chadwick Boseman. Lamar Oklahoma City has been running testimonials on digital billboards. Adam Own has designed this creative. [wpforms id=”9787″] Paid Advertisement
Yesterday Insider reported that US out of home revenues were down by 45% during the second quarter of 2020. Place based advertising took the biggest hit (-83%) followed by street furniture (down 69%) and transit (down 68%). Billboards were down 30%. Insider’s take: Looks to Insider like Lamar and the […]
