Itâs a different story. And we would expect them to be recovering much more at the sort of rate that we are going to be seeing in our Billboard business rather than â certainly, rather than the rail business. Please go ahead. As I just mentioned, we disposed our sports marketing operation during the quarter. A live and replay audio webcast will be available on the investor Maybe just to look at Q4, as we said, definitive step in the right direction, both national and local are continuing to prove â continuing to improve, which is obviously positive. We hope that you are safe and well. Matt? Outfront has assets in all of these and other major markets. So obviously, that comes out as well. Good afternoon, everyone. Is the pricing adjustment going to be on a billboard-by-billboard basis in continual discussion with the advertising clients or can you talk a little about how the press is working given the dramatic changes we are having this year? We are obviously aware of the climate that we have right now, and we are hopeful that given the climate that we have and without significant further lock downs, that we will be able to deliver, certainly, the performance that we have just guided to earlier on the call. 17th Floor Part of that is due to the fact that weâre, obviously, still investing in digital displays, which are very attractive to audiences generally. Transit was only slightly negative despite the fact that we actually recommenced our digital display rollout during the quarter. Letâs look at these in detail on Slide 12. Download PDF Format (opens in new window) NEW YORK, April 29, 2020 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that Jeremy Male, Chairman & Chief Executive Officer, is scheduled â¦ One of our reduction or decrease has been variable cost components, a lot of the transit â the maintenance benefits from lower revenue, all of our Transit agreements are in revenue shares, from revenues that are depressed because of COVID, dramatically down. Data, geofencing and small cell deployment revenues small but promising. After a discussion of our financial results, we will open up the lines for a question-and-answer session. So, itâs reasonable that until those categories come back, there is going to be a couple of markets where we areâ where we are just more challenged than others. Looking at our other business on Slide 9, Canadian billboard revenues were down 28%, a better result than last quarter and driven by similar factors to the U.S. Company Participants. But for the most parts, Billboard audiences are back to 100%. Thanks for joining our 2020 third quarter earnings call. We have a large fixed cost structure, especially in billboard lease costs, so future improvements in revenue will have a strong flow through to OIBDA. It was also reduced from proactive discussions with our landlords, and to-date, negotiations have reduced our fiscal year 2020 billboard lease expense by $16 million. A live and replay audio webcast will 29 Apr 2020. Hi. Learn More 12 Oct 2020 OUTFRONT Media To Report 2020 Third Quarter Results On November 4, 2020. Gregory Lundberg - Investor Relations. Insider summarizes Maleâs thoughtful and wide-ranging comments as follows: Revenue healthy. Hi, Jim, itâs Matt. Male. Outfront Media Inc. (NYSE:OUT) Q3 2020 Earnings Conference Call November 4, 2020 4:30 PM ET. One is, improved data audience measurement was seemingly a tailwind coming into the year. But in other markets across the U.S. are actually beyond pre-pandemic levels, in part reflecting car usage versus transit ridership. And contrary to some of the news flow, Amazon announced new office space in New York, Dallas, Denver, Detroit, Phoenix and San Diego. Both of these improved from last quarter, but it was local advertising that led the way. Our expected fourth quarter digital build out leads us to increase our annual forecast to approximately $55 million compared to our prior $50 million. OUTFRONT Media Inc Q2 2020 ... We are hosting today's call remotely with Jeremy Male, Chairman and Chief Executive Officer, actually at â¦ While talking about geographies, itâs also important to remember that we have assets in smaller markets and these main street markets are recovering more quickly right now. We have obviously given some color on Billboard and Transit for 4Q, but beyond that color, we donât typically give incremental guidance at this stage. Fri, Mar 29 â¦ So, that was a nice way and we think that over time, weâll be able to develop some great locations through that win. Jeremy, you were just talking about something I was interested in, the granular billboard-by-billboard measurement. Thank you. Capital expenditures on Slide 15 were still down significantly from last year in both maintenance and growth. Of this total $1,349,999 was received as a salary, $2,142,450 was received as a bonus, $0 was received in stock options, $3,500,000 was awarded as stock and $1,260 came from other types of compensation. Please go ahead. We will refer to certain non-GAAP financial measures on this call. A lot of politicians and celebrities have been either riding the subway or making the case for it. Outside of our top 15 markets, third quarter revenues were only down 14% and local down around 10%. At this time, I would like to turn the conference over to Gregory Lundberg. Once again, we were able to take over $100 million out of our quarterly cost structure, helping improve the year-over-year decline in OIBDA and AFFO.
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