Today’s podcast guest is Jay Johnson, CFO of Lamar Advertising. Here’s what Jay said about out of home’s resilience, managing through covid, sustainable leverage, cyber risk and the acquisitions market. What was your biggest surprise about out of home coming into the industry? The resilience of the out of […]
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 […]
Baton Rouge, LA – May 20, 2021 – Lamar Advertising Company (Nasdaq: LAMR), one of the largest outdoor advertising companies in the world, today announced that the company has entered into an agreement with the Gulfport-Biloxi Airport Authority to manage the airport terminal’s media program for the display of national, […]
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 […]
The public out of home executives took pay cuts during 2020. Here’s a breakdown of who made what at Lamar, OUTFRONT and Clear Channel Outdoor, based on data in each company’s Schedule 14A. Total Compensation for Public US Out of Home Company Executives 2019 and 2020 compared with last year […]
Boston Omaha raised $59 million in cash via sale of 2.6 million shares of class A common stock at a price of $25 per share. Proceeds from the sale will be used to grow the company’s Link Media Billboard business and to fund the expansion of Boston Omaha’s fiber to […]
How would you like to operate a non-cyclical, high-margin, monopoly with legal barriers to entry? That’s Lamar Advertising’s highway logo business. It goes by the name of Interstate Logos LLC. Lamar entered the business in 1988 and is the largest provider of logo sign services in the US. Logos signs […]
Lamar Advertising filed an S-1 to raise $300-345 million via a special purpose acquisition company (“SPAC”) named Lamar Partnering Corporation (“LPC”). Lamar will own approximately 20% of the LPC. LPC will be managed by members of Lamar’s management team including Ross Reilly, Lamar’s VP of Mergers and Acquisitions who will […]
Baton Rouge, LA – April 6, 2021 – Lamar Advertising Company (Nasdaq: LAMR), one of the largest outdoor advertising companies in the world, has teamed with Warner Music Nashville and country music superstar Brett Eldredge for a digital billboard campaign designed to shine the light on the good works and […]
Clear Channel Outdoor emerges from Covid with a whole lot fewer employees, more digital signs and a footprint in 22 countries and a too-low cashflow margin. Here are five things Insider noticed after reading the Clear Channel Outdoor 2020 10k. 1. A whole lot fewer employees Clear Channel finished 2020 […]
