At yesterday’s Morgan Stanley conference Lamar CEO Sean Reilly said that Covid cost Lamar three years worth of growth and that the company will make it back in two. Here’s a selection of his comments. What’s down? Amusement entertainment and sports runs around 8-9% of our book of business and […]
The City of Austin has asked the Supreme Court to review the Fifth Circuit’s decision in favor of Reagan Advertising in a digital billboard dispute. Austin’s sign code says that on-premise signs can be digitized but off premise signs can’t be digitized. Reagan sought permits to digitize billboards. Reagan and […]
From a Lamar Press release: BATON ROUGE, La., Feb. 25, 2021 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces that its board of directors has declared a quarterly cash dividend of $0.75 per share payable on March […]
Thirty years ago, the US Senate defeated anti-billboard legislation 60–39. Robert Campbell, currently a Lamar Regional Manager based in Mobile, AL, was in Washington, DC, when that historic vote occurred. Billboard Insider asked Campbell to tell us what happened. We thought of Robert because he’s from Alabama, home of Senator […]
Baton Rouge, LA – February 2, 2021 – In celebration of Black History Month, Lamar Advertising Company (Nasdaq: LAMR), one of the largest outdoor advertising companies in the world, today announced that the company will use its national digital Out of Home network to honor and recognize African American men […]
OUTFRONT Media announced yesterday that two of its wholly-owned subsidiaries priced a private offering of $500.0 million in aggregate principal amount of 4.250% Senior Notes due 2029 (the “notes”). The notes are to be sold at an issue price of 100.0% of the principal amount. The offering is expected to […]
Insider wants to introduce a new contributor to our website. Ken Altena is a longtime commercial banker and out of home lender from Seattle, WA. Here are Ken’s thoughts on the Lamar refinancing. On January 7, 2021, Lamar Media Corp., a wholly owned subsidiary of Lamar Advertising Company, agreed […]
Lamar Advertising is refinancing $650 million of corporate debt. Here’s are some excerpts from the press release. BATON ROUGE, La., Jan. 04, 2021 (GLOBE NEWSWIRE) — Lamar Advertising Company (LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that its wholly owned subsidiary, Lamar […]
On Monday we ran a post celebrating out of home leaders who had passed away in 2020. We left out Bob Connors of Mid America Outdoor Advertising. Bob passed away suddenly last March at the age of 55. Bob started Mid America Outdoor out of college in the late 80’s […]
Remember last March when it was fashionable to show pictures of empty streets and some media pundits thought that out of home would be crippled and crushed by the pandemic? The hysteria peaked March 23, 2020. And if you kept your cool and you purchased out of home stock you […]
