Here is a summary of Clear Channel Outdoor’s third quarter 2024 earnings release, third quarter 2024 earnings presentation and third 2024 earnings call, analyzed by SignValue. Consolidated revenues grew 6.1% to $559 million due to growth internationally, at airports and in the US. Revenues were up 5% in the US. […]
Insider’s Note: Each party in this deal had their own press releases. From JCDecaux JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announced on 30 May 2023 that it had signed an agreement with Clear Channel Outdoor Holdings, Inc. to acquire its business in Spain through […]
All three US out of home companies outperformed the market in the third quarter of 2024. Here’s an analysis of public out of home stock performance, prepared by SignValue. For the third quarter of 2024 OUTFRONT was up 28% on the rebound of transit revenues and the sale of Canada. […]
Yesterday New Tradition announced the purchase of RSA Media’s out of home assets in Boston. We find this transaction interesting because RSA was owned by American Tower. Maybe the billboards-are-just-like-towers experiment was a failure. Maybe there weren’t enough opportunities to put antennas on billboards. Maybe 28 billboards were overlooked amidst […]
Paris, October 1st, 2024 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that its majority-owned subsidiary JCDecaux Top Media SA has acquired from its founders 70% of IMC, a leading OOH company in Central America and the number one outdoor advertising company in Costa […]
YESCO Financial Solutions provides financing for out of home companies developing new digital billboard sites. Billboard Insider talked with Tony Hull, President, YESCO Financial Solutions about out of home financing. YESCO can help with someone’s first out of home project. Independent billboard operators choose YESCO Financial Solutions because we’re fast, flexible […]
Last Friday’s Billboard Insider readers poll shows that a large majority of out of home companies use debt financing to grow. 76% Billboard Insider readers said they use debt financing to grow their out of home companies. 24% of Billboard Insider readers said they don’t use debt. To receive […]
Yesterday Billboard Insider ran an article which discusses trends in the lending markets. The lending markets are important because many out of home companies rely on debt to finance capital expenditure and acquisitions. Debt has 3 benefits: It allows you to grow faster than you can using your own funds. […]
Here are three charts which give an overview of trends in the credit markets. This is important to many out of home companies because they rely on bank financing to help fund capital expenditures and acquisitions. The first chart shows that a modest majority of lenders have been tightening their […]
Dynamic Outdoor Media , a sister company of Choice Media, has purchased the Eastern New Mexico digital billboard assets of The Pink Popsicle company. The acquisition involved two digital billboard faces and increases Dynamic Media’s plant to 252 total faces, including 22 digital faces. Ty and Shanna Jones, the owners, […]
