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 […]
“We’ve done very well in an industry that has a tailwind behind it” was how Jeremy Male prefaced his comments at the Citibank Global TMT West Conference yesterday. Some other comments. On Digital Signs We’re converting pretty much every opportunity we can develop. We’re looking to get a minimal IRR […]
OUTFRONT CEO Jeremy Male appeared at the UBS Global TMT conference on Tuesday. Here’s a summary of his comments. What’s driving growth? The principal driver of the acceleration in the US is national advertising…When you look at that there’s a couple of reasons…Firstly…our audience continues to grow whereas most other […]
“I think you’ll agree it was another terrific performance for our business” was how OUTFRONT CEO Jeremy Male summarized OUTFRONT’s the third quarter financial results yesterday. Here are some other comments from the earnings call. On the increase in yields First, we’re getting a nice increase in static billboard yields […]
“A noteworthy performance for our company driven by digitization, sales execution and the growing importance of out of home in advertisers’ media mix” was how Outfront CEO introduced third quarter 2019 earnings. Here are the highlights from the third quarter 2019 earnings release and earnings deck. Revenues grew 12% to […]
Here’s a summary of OUTFRONT CEO Jeremy Male’s comments yesterday Goldman Sachs Communacopia Conference. Outfront’s revenue growth is coming from big markets Big cities are taking increasing share of the media pie and that’s where we’re big…Our top 15 markets grew at a higher rate in Q2 than our overall […]
Here’s a selection of OUTFRONT Media CEO Jeremy Male’s comments at the Oppenheimer Technology, Internet and Communications Conference on August 7, 2019. On the MTA rollout At this time last year we only had a handful of signs on the MTA and now we’ve got over 3,000…We’re building out 50,000 […]
