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 […]
Lamar exits Covid with fewer people and fewer displays but more digital signs and more easements. Here are five things about Lamar that Insider noticed after reading Lamar’s 2020 10k. 1. Fewer people Lamar comes out of Covid with 8% fewer people. Sales reps dropped 8%. Regional employees dropped 10%. Corporate […]
Baton Rouge, LA – March 4, 2021 – Lamar Advertising Company (Nasdaq: LAMR) today announced that the company has been awarded the advertising and sponsorship contract for the Indianapolis International Airport (IND), beginning March 1st. During the first year, Lamar will initiate a high-impact digital upgrade across the airport, featuring […]
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 […]
