Are Clear Channel’s Orlando Assets Next For Lamar?

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clear channel outdoorWhat’s next for Clear Channel Outdoor and Lamar?

Insider has heard rumors that Lamar may be interested in Clear Channel’s Orlando/Ocala/Melbourne cluster.  Makes sense for a couple reasons:

  • Lamar bought Florida’s Beech Outdoor in April 2015 and the Clear Channel Florida assets would complement the Beech assets.
  • Lamar has $890 million in debt capacity so could borrow without blinking to execute the acquisition.

Insider also hears that Clear Channel would rather not part with Miami but supposes everything is negotiable.

 

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