Fox4kc.com and 41KSHB report that Kansas City is considering a zoning ordinance 190514 to permit new digital billboards. The city has had a ban on digital billboards since 2007. Yesterday the planning commission held a hearing on the issue. The proposal includes the following: A 7:1 takedown ratio. 7 […]
Yesterday, PJ Solomon published a calculation of the value of the public out of home companies as a multiple of estimated 2019 cashflow. The public out of home companies are trading at 11 times 2019 estimated cashflow. Focus Media (a chinese out of home company which trades on the Shenzhen […]
By Richard Rothfelder, Rothfelder and Falick Insider has published articles on providing prospective buyers of property encumbered by signs and leases with actual and constructive notice of the outdoor advertiser’s interests and including notice of the right of first refusal in billboard leases. Insider brought to my attention a […]
Insider was asked about Out of Home values. Insider has seen average values of 4-6 times billboard revenue and 8-14 times billboard cashflow during a 30 year career lending to Out of Home. The three US public Out of Home advertising companies had a mean gross value of 5.1 times […]
Outfront grew nearly twice as fast as the S&P 500 during the second quarter of 2019 due to strong revenue growth. Outfront stock (purple) was up 8%, Lamar (green) was flat, Clear Channel Outdoor (blue) was down 12% which the S&P 500 (black) grew 3% during the second quarter. The […]
Robert and Sam Kovacs have written about Lamar Advertising at Seeking Alpha. They say Lamar is a conservative stock with a 4.6% dividend yield, projected dividend growth of 4-6%/year and “decent not exceptional” projected capital gains. The Levis have out of home in their blood. Clear Channel Outdoor EVP Dan […]
Insider gets a letter or two a month from Landmark asking him to sell a billboard lease or easement. Insider asked Lamar CEO Sean Reilly about Landmark on Monday’s Billboard Insider Podcast and here’s what Reilly said. Landmark infrastructure has accumulated a portfolio of 700 billboard leases and wants to […]
On Monday’s Billboard Insider podcast, Insider asked Lamar CEO Sean Reilly about sustainability. On Lamar and sustainability I’m super proud of Lamar’s leadership in the industry around the issue of sustainability. On this one the credit goes to Bobby Switzer the head of all things production at Lamar…Also to Greg […]
On this week’s Billboard Insider podcast Lamar CEO Sean Reilly talks about the search for a new OAAA CEO, Lamar’s corporate culture, sustainability, programmatic out of home, Landmark Infrastructure, tariffs and what keeps him awake nights. You head the OAAA committee which is searching for a replacement for Nancy Fletcher. […]
As we officially enter summertime, kids around the country are putting their best entrepreneurial foot forward to set up their lemonade stands and make a few extra bucks for their piggy banks. But did you know that operating a lemonade stand on city streets is actually only legal in 15 […]
