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 […]
“Sunlight is the best disinfectant.” William O. Douglas. Two tables below. The first table shows the 2019 stock performance of OUTFRONT (up 47%), Lamar (up 29%), the S&P 500 (up 29%) and Clear Channel Outdoor (down 43%). The second table shows the 2019 compensation of Lamar, OUTFRONT and Clear Channel […]
NEW YORK, April 20, 2020 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today announced that it, along with certain subsidiaries, entered into an amendment to the credit agreement governing its $500.0 million revolving credit facility due November 2024. The revolving credit portion of our senior credit facilities is subject to a […]
Last year Geopath formed a futures council to help Geopath and the out of home industry prepare for the future. In December 2019 Insider interviewed 4 members of the council: Scott Fiaschetti, Gina Stratford, Matthew Noll and Mike Buongiovanni). Today Insider talks with three more council members: Toni Short, Piper […]
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 […]
To celebrate World Art Day this year, OUTFRONT Media joined forces with several artists to create messages of motivation, positivity, and unity to be shared on our digital out of home assets across the country. Our Uplifting America OUTFRAME Collaboration includes artwork from Shepard Fairey (contemporary street artist and graphic […]
OUTFONT ran a digital billboard easter egg hunt yesterday in several cities across the country. You downloaded a bingo card of eggs and you won when you spotted three eggs from the card on an OUTFRONT digital billboard. Here are some winners. Doug Muth at Sioux Falls bookyourbillboard.com tells […]
Every evening at 7pm – 7:10pm local time zone, OUTFRONT Media is sharing an applause message on its digital billboards across the country in support of healthcare workers. The creative started March 31 and will run to April 20th. The creative messaging, includes clapping hands and a simple #THANKYOU. Oliver […]
First quarter was a tough for stocks and even worse for out of home. The S&P 500 fell by 20% – the worst first quarter in history. Lamar declined 43%, Outfront declined 50% and Clear Channel declined 78% although all three companies have rallied from their lows last week. US […]
“Be fearful when others are greedy and greedy when others are fearful.” – Warren Buffett Public out of home stocks have rallied this week but are down dramatically year-to-date. Here’s the data. Looks to Insider like the market has priced a 20% revenue decline and a 30-40% cashflow decline into […]
