As a follow up to our May post the Fresno City Council voted unanimously Thursday to approve a 20-year lease with Outfront Media to erect five digital billboards on four different city-owned properties around town. Outfront will put up the digital billboards along Highway 180 at Al Radka Park, on […]
Tag: outfront
Billboards To Be Removed Along Safety Corridor
KRCR News reports of an agreement between Caltrans and Outfront Media to remove 10 billboards along a Highway 101 safety corridor area of focus. The project is designed to: Improve safety and reduce delays at intersections. Reduce operational conflicts. Resurface, restore, and rehabilitate the existing Route 101. Extend or construct […]
Outdoor data and wireless revenues slow to develop
Outdoor companies talk about generating revenue from placing wireless and data antennas on billboards but so far it’s been lots of talk and little revenues. An analyst asked Outfront about cellular and data revenues earlier this week and here’s what CFO/EVP Donald Shassian said: I think it is like 0.0%, […]
Lyft spends big on outdoor
Outfront CEO Jeremy Male had this to say about Outfront’s relationship with the ride sharing service Lyft during Outfront’s 2016 second quarter earnings conference call: Lyft has been the strong partner of OUTFRONT Media and has run simultaneous campaigns across our top US markets, equalizing the breadth of our assets […]
Outfront 2Q 2016 US Revenues up 6%
Outfront Media reported financials for the three months ended June 30, 2016 yesterday. You can read the Outfront press release here and the Seeking Alpha earnings transcript here. Revenues increased $0.6 million (0.2%) to $385 million during the second quarter of 2016 as billboard and transit growth was offset by […]
The Next Data Play – Billboard Companies
Seeking Alpha has an interesting article posted on the opportunities for billboard companies to become the next generation of data carriers. Some excerpts from the article: Data will grow dramatically over the next 10-20 years. Seeking Alpha views tower companies great long term investments. They see billboard companies as an under […]
Billboards Having Success as REIT’s
ThinkAdvisor notes the success of Specialty REITs, which own properties as diverse as farmland, document storage and outdoor ad space. Trepp Inc., an information provider for real estate and banking, notes that REITs in this category have posted a 31.44% total return year to date, and a 5.45% dividend yield, the […]
Toronto council approves Leaside billboard
The Toronto Council has agreed to amend the sign bylaw to allow an electronic billboard in the Leaside neighborhood. An article in thestar.com reports the City council has approved a giant electronic billboard in Leaside that was opposed by staff and is the subject of a complaint to the integrity commissioner. One […]
IRS Eliminates REIT Loophole
The Wall Street Journal reports that the Internal Revenue Service has shut down an apparent gap in a tax law that otherwise could have allowed companies across industries to continue spinning off their property holdings into tax-advantaged real-estate investment trusts. The December law was written in response to a wave of […]
Outfront to Deploy Digital Billboards in Minneapolis/St. Paul Skyways
NEW YORK, May 18, 2016 — OUTFRONT Media Inc. (NYSE: OUT), one of the largest out-of-home media companies in the U.S., announced today the next deployment of its ON Smart Media platform in the Minneapolis and St. Paul skyway systems. The project joins a growing list of deployments in New […]
