You already know that land lease costs are critical to keeping your expenses in check. Trust me, your land lease costs are one of the first things that buyers will ask about your plant. So you always try to negotiate low land lease rates on new sign sites, but landowners […]
OUTFRONT’s urban and transit plant had a 49% drop in revenue and cashflow during the second quarter of 2020 and CEO Jeremy Male expect third quarter revenues to be down 35-40% from the prior year. Here are the results from the OUTFRONT earnings release, OUTFRONT investor presentation and OUTFRONT earnings call. […]
Here are the highlights from Jeremy Male’s comments at this week’s JP Morgan Global Technology, Media and Communications Conference. How this crisis differs from 2008-2009 In 2008 you were dealing in the falloff in macro that was impacting advertiser budgets. Here we’re dealing with the falloff in macro…but also its […]
OUTFRONT CEO Jeremy Male said that second quarter revenue will be down 50% as OUTFRONT’s urban and transit billboard plant is heavily impacted by stay at home orders. Here are the highlights of last Friday’s earnings call. On future revenues As we look at Q2 to date, we expect our […]
OUTFRONT’s first quarter was OK but there’s stormy weather ahead. Here are the results from OUTFRONT’s 2020 first quarter earnings release and earnings presentation. Revenues increased by 3.5% to $385 million due primarily to an increase in billboard revenue. Billboard revenues increased by 9% due to increased yields and digital […]
Outfront issued its 2020 proxy last week. Some things to note. Who Makes What Here are the highest paid OUTFRONT executives. Most of their compensation is stock and incentive pay. An Independent Board The OUTFRONT board is 86% outsiders. Women account for 29% of board seats versus 25% of […]
NEW YORK, April 16, 2020 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today announced that affiliates of Providence Equity Partners LLC (“Providence”) have agreed to lead the purchase of $400 million in newly issued convertible preferred stock together with funds managed by Ares Management Corporation (“Ares”). “We recognized the value […]
NEW YORK, March 25, 2020 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today announced business and financial updates in response to the novel coronavirus (COVID-19) pandemic. To protect our business, clients, and stakeholders in these extraordinary and unprecedented times, we are undertaking many financial and operational actions. As of today, […]
Here’s the chatter about Coronavirus and out of home. The GO2020 Out of Home Media Conference and Expo: Group M’s Brian Wieser quoted in Axios: Outdoor advertising “may be worse off with lower levels of foot traffic in many places.” William Eccleshare, Clear Channel Outdoor Global CEO on last week’s […]
OUTFRONT had another good quarter. Here are the results from the Outfront 4Q 2019 earnings release , OUTFRONT 4Q 2019 investor presentation and conference call. Revenue increased 7.9% to $488 million with all sectors (national, local, transit and billboard) up. US billboard revenue was up 7.2%. US transit revenue was […]
