New York, NY, February 17, 2021 —Artsy, the largest online marketplace for discovering, buying and selling fine art by leading artists, and OUTFRONT Media, one of the largest out-of-home media companies in North America, is delighted to announce a new national activation, ‘Portrayals of Black Joy by Today’s Emerging Artists’. […]
NEW YORK – February 11, 2021 – OUTFRONT Media Inc. (NYSE:OUT) leads first out of home campaign for Goody, an app that makes gifting easy this Valentine’s Season. Goody’s creative will be featured on OUTFRONT’s highly visible OOH assets across New York City when love is top of mind. Goody […]
SAN ANTONIO, Feb. 1, 2021 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”) announced today that it will offer, subject to market and customary conditions, $1,000,000,000 aggregate principal amount of Senior Notes due 2028 (the “Notes”) in a private offering that is exempt from registration under the Securities […]
NEW YORK – February 1, 2021 – OUTFRONT Media Inc. (NYSE:OUT) is proud to launch its Black History Month campaign titled, “Making Black History with…” which celebrates Black women and men who are making history in real time. The “Making Black History with…” campaign showcases Black Americans who are leaders […]
Huntington Outdoor President Justin Powell comments on a recent Billboard Insider article. This caught my attention: “We are selling towers for 20–30 times tower cash flow, and typically get over twenty offers per engagement.” Why aren’t billboards selling for multiples like this? Insider’s take: Out of home assets typically trade […]
OUTFRONT Media CEO Jeremy Male was bullish on programmatic and digital billboard conversions in a talk yesterday at the Citi Global TMT West January 2020 conference. Some highlights. Programmatic will grow. It’s being made by advertisers. Last year’s run rate $20 millions. It wouldn’t surprise me if that were to […]
US out of home stocks rallied in the fourth quarter of 2020. Clear Channel Outdoor, OUTFRONT and Lamar outperformed the S&P 500 as you can see in the chart below. Clear Channel was up 62% in the fourth quarter of 2020. Outfront gained 29%. Lamar gained 20%. The S&P 500 […]
Today’s podcast guests are Paul Wright and Carson Frost from SignValue, the out of home appraiser and broker. Some highlights from the conversation. Are we seeing 8-14 times cashflow trading multiples in this recession? Yea. Those multiples have held fairly constant…We’re talking about stabilized cashflows, not current cashflows. Five Trends […]
Readers expressed skepticism about this slide in an OUTFRONT investor presentation showing independent out of home companies accounted for 34% of 2019 US Out of Home revenues. The OUTFRONT slide cited OAAA revenue estimates. Insider reviewed the numbers with the OAAA. The OAAA’s revenue figures include not just roadside bulletins […]
New York, NY (December 17, 2020): At MRC’s annual Board of Directors meeting on December 9, 2020, the following members of the Board were appointed to serve on MRC’s Executive Committee for the 2021-22 term: Board of Directors Chair: Dale Coons, Campbell Ewald Board Chair, ex officio: Matt Ross, […]
