diff --git a/channeld/Makefile b/channeld/Makefile
index 2b2dc8108..c3b9b1611 100644
--- a/channeld/Makefile
+++ b/channeld/Makefile
@@ -32,6 +32,7 @@ CHANNELD_COMMON_OBJS :=				\
 	common/amount.o				\
 	common/base32.o				\
 	common/bigsize.o			\
+	common/billboard.o			\
 	common/bip32.o				\
 	common/blinding.o			\
 	common/channel_config.o			\
diff --git a/channeld/channeld.c b/channeld/channeld.c
index b32773ec8..623b989f0 100644
--- a/channeld/channeld.c
+++ b/channeld/channeld.c
@@ -30,6 +30,7 @@
 #include <channeld/commit_tx.h>
 #include <channeld/full_channel.h>
 #include <channeld/watchtower.h>
+#include <common/billboard.h>
 #include <common/blinding.h>
 #include <common/coin_mvt.h>
 #include <common/crypto_sync.h>
@@ -191,48 +192,13 @@ static void start_commit_timer(struct peer *peer);
 
 static void billboard_update(const struct peer *peer)
 {
-	const char *funding_status, *announce_status,
-		*shutdown_status COMPILER_WANTS_INIT("gcc 8.3.0");
+	const char *update = billboard_message(tmpctx, peer->funding_locked,
+					       peer->have_sigs,
+					       peer->shutdown_sent,
+					       peer->depth_togo,
+					       num_channel_htlcs(peer->channel));
 
-	if (peer->funding_locked[LOCAL] && peer->funding_locked[REMOTE])
-		funding_status = "Funding transaction locked.";
-	else if (!peer->funding_locked[LOCAL] && !peer->funding_locked[REMOTE])
-		funding_status = tal_fmt(tmpctx,
-					"Funding needs %d more confirmations for lockin.",
-					peer->depth_togo);
-	else if (peer->funding_locked[LOCAL] && !peer->funding_locked[REMOTE])
-		funding_status = "We've confirmed funding, they haven't yet.";
-	else if (!peer->funding_locked[LOCAL] && peer->funding_locked[REMOTE])
-		funding_status = "They've confirmed funding, we haven't yet.";
-
-	if (peer->have_sigs[LOCAL] && peer->have_sigs[REMOTE])
-		announce_status = " Channel announced.";
-	else if (peer->have_sigs[LOCAL] && !peer->have_sigs[REMOTE])
-		announce_status = " Waiting for their announcement signatures.";
-	else if (!peer->have_sigs[LOCAL] && peer->have_sigs[REMOTE])
-		announce_status = " They need our announcement signatures.";
-	else if (!peer->have_sigs[LOCAL] && !peer->have_sigs[REMOTE])
-		announce_status = "";
-
-	if (!peer->shutdown_sent[LOCAL] && !peer->shutdown_sent[REMOTE])
-		shutdown_status = "";
-	else if (peer->shutdown_sent[LOCAL] && !peer->shutdown_sent[REMOTE])
-		shutdown_status = " We've send shutdown, waiting for theirs";
-	else if (!peer->shutdown_sent[LOCAL] && peer->shutdown_sent[REMOTE])
-		shutdown_status = " They've sent shutdown, waiting for ours";
-	else if (peer->shutdown_sent[LOCAL] && peer->shutdown_sent[REMOTE]) {
-		size_t num_htlcs = num_channel_htlcs(peer->channel);
-		if (num_htlcs)
-			shutdown_status = tal_fmt(tmpctx,
-						  " Shutdown messages exchanged,"
-						  " waiting for %zu HTLCs to complete.",
-						  num_htlcs);
-		else
-			shutdown_status = tal_fmt(tmpctx,
-						  " Shutdown messages exchanged.");
-	}
-	peer_billboard(false, "%s%s%s", funding_status,
-		       announce_status, shutdown_status);
+	peer_billboard(false, update);
 }
 
 static const u8 *hsm_req(const tal_t *ctx, const u8 *req TAKES)
diff --git a/common/Makefile b/common/Makefile
index 92a347f82..1f296ec43 100644
--- a/common/Makefile
+++ b/common/Makefile
@@ -6,6 +6,7 @@ COMMON_SRC_NOGEN :=				\
 	common/bech32.c				\
 	common/bech32_util.c			\
 	common/bigsize.c			\
+	common/billboard.c			\
 	common/bip32.c				\
 	common/blinding.c			\
 	common/bolt11.c				\
diff --git a/common/billboard.c b/common/billboard.c
new file mode 100644
index 000000000..03f5d5dc3
--- /dev/null
+++ b/common/billboard.c
@@ -0,0 +1,57 @@
+#include "billboard.h"
+#include <ccan/ccan/tal/str/str.h>
+#include <common/utils.h>
+
+char *billboard_message(const tal_t *ctx,
+			const bool funding_locked[NUM_SIDES],
+			const bool have_sigs[NUM_SIDES],
+			const bool shutdown_sent[NUM_SIDES],
+			u32 depth_togo,
+			size_t num_htlcs)
+{
+	const char *funding_status, *announce_status,
+		*shutdown_status COMPILER_WANTS_INIT("gcc 8.3.0");
+
+	if (funding_locked[LOCAL] && funding_locked[REMOTE])
+		funding_status = "Funding transaction locked.";
+	else if (!funding_locked[LOCAL] && !funding_locked[REMOTE])
+		funding_status = tal_fmt(ctx,
+					"Funding needs %d more"
+					" confirmations for lockin.",
+					depth_togo);
+	else if (funding_locked[LOCAL] && !funding_locked[REMOTE])
+		funding_status = "We've confirmed funding, they haven't yet.";
+	else if (!funding_locked[LOCAL] && funding_locked[REMOTE])
+		funding_status = "They've confirmed funding, we haven't yet.";
+
+	if (have_sigs[LOCAL] && have_sigs[REMOTE])
+		announce_status = " Channel announced.";
+	else if (have_sigs[LOCAL] && !have_sigs[REMOTE])
+		announce_status = " Waiting for their announcement signatures.";
+	else if (!have_sigs[LOCAL] && have_sigs[REMOTE])
+		announce_status = " They need our announcement signatures.";
+	else if (!have_sigs[LOCAL] && !have_sigs[REMOTE])
+		announce_status = "";
+
+	if (!shutdown_sent[LOCAL] && !shutdown_sent[REMOTE])
+		shutdown_status = "";
+	else if (!shutdown_sent[LOCAL] && shutdown_sent[REMOTE])
+		shutdown_status = " We've send shutdown, waiting for theirs";
+	else if (shutdown_sent[LOCAL] && !shutdown_sent[REMOTE])
+		shutdown_status = " They've sent shutdown, waiting for ours";
+	else if (shutdown_sent[LOCAL] && shutdown_sent[REMOTE]) {
+		if (num_htlcs)
+			shutdown_status = tal_fmt(ctx,
+						  " Shutdown messages"
+						  " exchanged, waiting for"
+						  " %zu HTLCs to complete.",
+						  num_htlcs);
+		else
+			shutdown_status = tal_fmt(ctx,
+						  " Shutdown messages"
+						  " exchanged.");
+	}
+
+	return tal_fmt(ctx, "%s%s%s", funding_status,
+		       announce_status, shutdown_status);
+}
diff --git a/common/billboard.h b/common/billboard.h
new file mode 100644
index 000000000..c6d8ded8c
--- /dev/null
+++ b/common/billboard.h
@@ -0,0 +1,14 @@
+#ifndef LIGHTNING_COMMON_BILLBOARD_H
+#define LIGHTNING_COMMON_BILLBOARD_H
+#include "config.h"
+#include <ccan/ccan/tal/tal.h>
+#include <common/htlc.h>
+
+char *billboard_message(const tal_t *ctx,
+			const bool funding_locked[NUM_SIDES],
+			const bool have_sigs[NUM_SIDES],
+			const bool shutdown_sent[NUM_SIDES],
+			u32 depth_togo,
+			size_t num_htlcs);
+
+#endif /* LIGHTNING_COMMON_BILLBOARD_H */