BATON ROUGE, La., July 12, 2021 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR), an owner and operator of outdoor advertising and logo sign displays, announced today that it has acquired a minority stake in Vistar Media, a leading global provider of programmatic technology for the digital out-of-home sector. Lamar’s […]
Here’s a chart showing the impact of covid on US out of home revenues by sector. Billboards were down the least and have come back the fastest. Place based and transit fell farther and have yet to fully recover. Change in US Out of Home Revenues by Industry Sector Billboards […]
Williamson & Associates recently celebrated its 50th out of home transaction since its founding in 2017, with the sale of Estus Outdoor in Savannah, GA to Renfroe Outdoor Advertising. Billboard Insider talked with the company about the deal. Dick Estus has a long out of home pedigree. Absolutely, Dick Estus […]
US out of home stocks beat the market during the second quarter of 2021. Clear Channel Outdoor increased by 40% during the second quarter of 2021 versus a 7% increase for the Standard and Poor 500. Clear Channel stock is more volatile than the other out of home companies because […]
Daktronics, Inc. reported fiscal year and fourth quarter 2021 results. Daktronics reported fiscal year 2021 net sales of $482.0 million, operating income of $17.1 million, net income of $10.9 million, and earnings per diluted share of $0.24. This compares to net sales of $608.9 million, operating loss of $0.2 million, […]
Tucson, Arizona, June 8th, 2021 – This is to announce the formation of Drachman M&A Co. to focus on Mergers and Acquisitions within the Out of Home and Digital Infrastructure sectors. Founded by CEO Max Drachman, the firm launches with nationwide expertise in acquisition and divestiture advisory services. Joining Max […]
Insider’s note: Busby Outdoor has filed suit in the second judicial court district of Jones County Mississippi seeking damages relating to sale of certain assets to Trailhead Media in July 2020. Here’s a summary of the complaint based on the court documents. Busby Outdoor LLC (“Busby”) filed a complaint on […]
Lender: Stark Capital Solutions Contact: Craig Berry Address: 5829 N. Post Rd, Indianapolis, IN. 46216 Email: cberry@starkcapitalsolutions.com Phone: 317-546-6038 Stark Capital makes secured loans to out of home advertising companies. Chris Stark is the firm’s founder and President. Craig Berry is Vice President Talk about Stark Capital’s […]
Lamar Advertising Company announced yesterday that its board of directors has declared a quarterly cash dividend of $0.75 per share payable on June 30, 2021 to stockholders of record of Lamar’s Class A common stock and Class B common stock on June 21, 2021. Insider’s Take: Lamar maintains its increase […]
This post needs to be run every couple years. Repeat after me: Billboards are not passive income. Billboards are not passive income. Billboards are not passive income. There is a myth that you can make lots of money in the billboard business without any work. Type “billboard investing” into […]
