OUTFRONT CFO Matt Siegel had a wide ranging conversation with Oppenheimer’s Ian Zaffino at this week’s Oppenheimer Tech, Internet and Communications Conference this week. Some of the highlights. How is OUTFRONT recovering from covid? We reacted quickly on the cost side and the capital side. We raised capital. We fortified […]
How has COVID impacted the spending of the US public out of home companies? Here’s Insider’s analysis. Expenses Down 26% Now is not a good time to ask for a raise. The big three cut their expenses by a total of $284 million or 26% during the the second quarter […]
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. […]
PJ Solomon issued its 2020 advertising trends reports yesterday. Here’s a page from the report summarizing 2020 forecasts for out of home. Industry revenues will be down 15-20% in 2020. OUTFRONT and Clear Channel Outdoor will be hit harder than Lamar because they have more concentration in international, urban, transit […]
JCDecaux released first half 2020 financials yesterday and the results weren’t pretty for this urban out of home and transit advertising company. We’ve translated the financials from euros to dollars. JCDecaux Financials for first half of 2020 (million’s) Revenues declined by 42% to $1.2 billion of the first 6 months […]
OUTFRONT Media Inc. (NYSE: OUT) today announced a new partnership between its Canadian business and Vistar Media, a leading global provider of programmatic out-of-home technology, to enable programmatic transactions. OUTFRONT Canada will leverage the Vistar supply-side platform (“SSP”) to allow buyers to purchase OUTFRONT’s Canadian digital inventory programmatically, via an […]
On this week’s OAAA webinar, OAAA’s Stephen Freitas, Tech Crunch’s Anthony Ha, Talon’s Josko Grljevic and OUTFRONT’s Andy Sriubas discussed programmatic out of home. Sriubus commented on how covid impacting OUTFRONT and why the future is still bright. On Covid and out of home I see out of home as […]
Insider reviewed 81 OSHA citations written to display advertising companies (NAICS Code 541850) for the last 24 months (January 2018 to January 2020). Three takeaways. Citations declined in 2019 versus 2018. OSHA wrote $49,000 in fines against display advertising companies in 2019 versus $179,000 in fines during 2018. The large […]
Insider has always said we learn from each other. I was particularly struck by Outfront’s Northeast Creative Director Tim Wasicki and his explanation of their Black Heart Campaign. You might have already seen it on LinkedIn, but with Outfront’s permission we provide it below for our readers to view. […]
By Ken Klein, EVP – Government Affairs, OAAA Out of home media is completing a basic but meaningful step for sustainability: switching its light bulbs. Nationwide, this practical step means: Improved energy efficiency and less energy load, requiring less energy generation Better lens technology that reduces light “spillage” Fewer maintenance […]
