OohMedia chief executive Brendon Cook has ruled out an equity raising and moved to settle the fears of investors after a"disappointing"trading update,describing the current weaker market conditions as temporary.
Outdoor advertising company OohMedia will need to soothe shareholders on Monday after a turbulent week that left some analysts warning investors have been left"in the dark"after a major earnings guidance miss.
Billboard business OohMedia has suffered a second day of share price falls amid prospects of a $100 million equity raising prompted by an earnings miss in what analysts have dubbed"roadside carnage".
The outdoor advertiser pointed the finger at a'significant decline'in overall media advertising as it cut its earnings prediction by $27 million or 17 per cent.
JCDecaux Australia chief executive Steve O'Connor has hit back at the Queensland government's plans to ban junkfood advertising on its billboards and raised concerns other Labor states might follow suit.
Global advertising giant JCDecaux is looking to move into editorial content in Australia in the near-future to grow engagement with its billboards and digital panels online.
Cat videos,lists and celebrity gossip have become the content du jour for millions of Australia’s youngest digital natives but the companies behind the clickbait have faced a turbulent two years.
OohMedia chief executive Brendon Cook expects the upcoming elections and an earlier Easter to hit billboard bookings as major brands keep out of the"noise"of the political cycle.
APN Outdoor Group shareholders have voted in favour of the company’s take-over by global marketing giant JCDecaux.
The Australian competition regulator has given the green light to a major shakeup to the out-of-home advertising sector.
OohMedia chief executive Brendon Cook is waiting to hear whether the Australian competition regulator will allow the acquisition of Adshel.