Duluth, GA (June 13, 2016). Formetco, Inc., the largest full-service supplier to the outdoor advertising industry, is pleased to announce the appointment of Jim Leisge as Purchasing Manager. Leisge will coordinate and oversee Formetco’s purchasing department with plans to implement a procurement process that helps improve inventory management and reduce […]
Other News
Company of the Day – Arrington Outdoor
Company: Arrington Outdoor Headquarters: 16135 Preston Rd, Dallas, Texas 75248 Phone: 678-624-9275 Email: info@arringtonoutdoor.com Market: Strategic billboard locations along major freeways and rural highways in around the Dallas Fort Worth area, the second fastest growing metro area in the Nation. Includes both traditional and digital faces. Their advertising reach extends to over twenty […]
Outdoor Trades At Higher Multiple Than Most Other Media
Outdoor is trading at a higher multiple than most other forms of media. This chart from investment banker Mark Boidman’s presentation at this months’s FEPE convention titled OOH and M&A shows that public outdoor advertising companies are valued at an average of 11.7 times cashflow which is well above TV, […]
Lamar Loses Los Angeles Appeal
The Los Angeles Business Journal reported Friday the the California State Supreme Court chose not to review an appellate court ruling on The City of Los Angeles’ sign ordinance. Insider reported in March 2016 about the 2002 Los Angeles sign ordinance prohibiting new billboards from being approved outside of designated sign districts […]
PA State Senate Introduces Proposed Legislation
State Senator Andy Dinniman introduced legislation calling for additional regulations on the placement of large electronic and digital billboards alongside roadways and nearby local communities throughout Pennsylvania. Senate Bill 1301 calls for local municipalities to conduct public hearings before approving such billboards. Under the legislation, the hearing should specifically address […]
Pomona Voters Narrowly Reject Digital Billboards
The Daily Bulletin reports that Pomona voters have narrowly defeated a proposal to allow digital billboards. The measure was failing by a vote of 7,313 to 6,819. The measure would have allowed digital billboards at 10 city owned locations along I-57, I-60 and I-71. The boards would have generated $1 […]
American Outdoor Advertising
Company: American Outdoor Advertising Markets: San Diego, Las Vegas, Arizona. Headquarters: 1702 E Highland Ave, Suite 304, Phoeniz AZ 85016 Phone: 602-687-9220 American Outdoor advertising (www.americanoutdoor.net) operates billboards in San Diego, Las Vegas and Arizona. This company should not be confused with American Outdoor Advertising (www.americanoutdooradvertising.net) which operates billboards in […]
Billboards and Healthy Cities
Scenic Pittsburgh is opposing Lamar’s conversion of a Mount Washington sign into a billboard. Michael Dawida, Scenic Pittsburgh’s executive director had this quote in a recent newspaper article on the issue: “In today’s world, companies can go anywhere. They can set up headquarters anywhere. To get and keep the new […]
Venekamp joins Daktronics OOH sales.
Brookings, South Dakota (June 9, 2016) – The Daktronics Out of Home team is pleased to announce the transition of project manager, Brittany Venekamp. Venekamp into an OOH sales position. Brittany has been a part of our team for nearly 5 years and has held various influential roles over […]
IRS Eliminates REIT Loophole
The Wall Street Journal reports that the Internal Revenue Service has shut down an apparent gap in a tax law that otherwise could have allowed companies across industries to continue spinning off their property holdings into tax-advantaged real-estate investment trusts. The December law was written in response to a wave of […]
