• Fairway for Sale?


    Insider has heard from a couple sources that Fairway is now or may soon be for sale.

    The price tag is $650 million.

    It may very well be a financial buyer.

    Possible OOH suitors all might have barriers to purchase. Lamar has the debt capacity and a stock issuance facility to support a purchase but Insider doubts the feds will let Lamar purchase Fairway due to antitrust issues.  Outfront is fully leveraged.  JCDecaux has the debt capacity to do a transaction and there will be no antitrust concerns.  Whether JCDecaux wants to play in mid-sized out of home markets is another issue.  Link Media certainly would have an interest, but it would be a significant size jump for them as compared to their other transactions.

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