Billboard Loans Blog

Billboard Lending

Federal Reseve cracks down on risky loans.

The Wall Street Journal reports that the federal reserve is cracking down on risky loans which have the following characteristics: Lax repayment schedules. An absence of loan covenants. Debt/Cashflow (earnings before interest, depreciation and amortization) in excess of 6:1. A crackdown may mean the regulators put the heat on Clear […]

Billboard Values

Billboard Company Values September 2015

Public outdoor valuations declined during the third quarter of 2015, in line with a general drop in the stop market. The three public outdoor companies have an enterprise value of 3.9 times revenue and 12.1 times cashflow (EBIDTA) at September 2015. Clear Channel sells at the lowest multiple due to […]

Billboard Values

What Are Billboard Easements Worth?

Here’s a recent post I put up at www.billboardinsider.com about valuing billboard easements. I get asked what what billboard easements are worth all the time. I’m used to seeing a value of 6-10 times cashflow for billboard easements. 6 times cashflow for fast or distressed sales. 8-10 times cashflow for […]

Billboard Business

Five Reasons A Billboard Company Should Be Cautious When Dealing With Landmark

Landmark Infrastructure is seeking to purchase easements under billboard sites. I’ve seen several Landmark easement transactions and have been hearing the outdoor company landlords are being approached by Landmark. Remember the proverb about having a long spoon when you sup with the devil? Here are five reasons to be careful […]

Miscellaneous

New Billboard Insider website is launched.

Today marks the launch of Billboard Insider (www.billboardinsider.com) a website devoted to news and analysis of the billboard and digital sign business.  The online magazine will fill the void in outdoor industry specific news and analysis caused by the demise of Outdoor Magazine and Out of Home Advertising.  Billboard Insider […]