Outfront had a great financial quarter. Here are the results of the earnings release, conference call and earnings deck. Revenues increased 14.5% to $460 million during the second quarter of 2019 due to growth in digital revenues and billboard yields. National revenue were up 20%, local revenues up 10%. US […]
Everyone wants a billboard to promote their Emmy chances says Hollywood Reporter. Good news for Clear Channel Outdoor, OUTFRONT Media, Ace Outdoor and the other Sunset Strip and LA operators. Space on the Sunset Strip is now worth $75,000-150,000 for 4 weeks. Hold the Hype on autonomous cars says the […]
In The Other Side of Outdoor Advertising Crunchbase notes that startups like Brex and Eaze are using out of home advertising to get consumers attention: “The startups we talked to, including Brex, Eaze, and Snowflake, said that they think consumers are tired of Facebook and Instagram advertisements. Especially because you […]
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 […]
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 […]
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 […]
The out of home deal market is “incredibly strong” says out of home investment banker Max Drachman on this week’s Billboard Insider podcast. Max has more than 10 years experience in out of home dealmaking with Kalil & Co. Here are some highlights. Your firm Kalil is also a large […]
Outfront announced that two of their wholly-owned subsidiaries priced a private offering of $650,000,000 in aggregate principal amount of 5.000% Senior Notes due 2027. Outfront intends to use the net proceeds from the notes offering, together with cash on hand, to redeem all of its outstanding $550 million 5.250% […]
OUTFRONT Media is running an interesting set of ads during the May 13-16 television upfronts. The upfronts are a series of meetings in which the broadcast and cable networks make their annual pitch to media buyers and marketers to secure advertisers for the coming season’s lineup. OUTFRONT is highlighting its […]
