New York, NY – September 30, 2024 – OUTFRONT Media (NYSE:OUT) is excited to announce that Scott Felenstein has been appointed as the Senior Vice President of Brand Partnerships, bringing over 30 years of extensive experience in advertising, digital media, and sales management. Felenstein joins OUTFRONT Media from National CineMedia […]
Here’s a summary of who’s paying what out of home stock dividends,prepared and analyzed by SignValue Some observations. Lamar’s dividend yield of 4.28% is slightly above the 4.25% average dividend yield for Lamar over the past five years. OUTFRONT’s dividend yield of 6.73% is in line with the 6.77% average […]
“I’m inclined to cancel my ooh ad contract” is not the same as “I’ve cancelled.” That’s the lesson of OUTFRONT Media vs Hart. Here are the facts. In May 2016 the Georgia law firm Hart and Associates signed an agreement for advertising on multiple billboards (“Agreement”) for 12 four week […]
OUTFRONT’s Chicago inventory is 90% sold out leading into the Democratic convention with campaigns by Fox News, J.B. Pritzker and Grubhub. Here are some of the trends OUTFRONT is noticing Ahead of the most recent changes to the presidential race, OUTFRONT was already seeing significantly more action on OOH from […]
Anybody else noticed how quiet the OOH M&A market is? Billboard Insider has noticed a slowdown in new tombstones and purchase announcements. The slowdown has two causes. High interest rates. The prime rate has almost tripled since 2020 from 3.25% in March 2020 to 8.5% today. Look what the […]
Here is an analysis of OUTFRONT 2Q 2024 earning release, OUTFRONT 2Q 24 earnings presentation and conference call, sponsored and analyzed by SignValue. The analysis focuses on the company’s US results because on June 7, 2024 OUTFRONT sold its Canadian operations for approximately $297 million US which makes consolidated figures […]
The public out of home stocks trailed the US market in the second quarter of 2024. The S&P 500 grew 4%, Lamar grew 1.7%, Clear Channel Outdoor declined 14.5% and OUTFRONT declined 17.7%. Public Out of Home Stock Performance for 3 months ended June 30, 2024. S&P 500 (black), Lamar […]
Yesterday OUTFRONT Media closed the sale of Canadian out of home assets to Bell Media. Here is an analysis of the OUTFRONT Canada sale sponsored by SignValue. It makes OUTFRONT’s financials easier to understand The sale makes OUTFRONT a domestic US business. No currency risks and easier to evaluate and […]
NEW YORK, June 10, 2024 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) and Bell Media Inc., a wholly-owned subsidiary of BCE Inc. (TSX, NYSE: BCE), announced today that they have closed the sale of OUTFRONT Media’s Canadian business to Bell Media for a purchase price of C$410 million in cash, subject […]
Jethro Nededog of The Lippin Group writes: As celebrations for Tampa 12-year-old Scripps National Spelling Bee winner Bruhat Soma continued last week, very creative billboards in various locations around the local area ran through last weekend. Once again proving the effectiveness and versatility of OOH, an anonymous person who was super […]
