Lamar announced 4th quarter and full year earnings yesterday. Here are the highlights from the earnings release and conference call. CEO Sean Reilly recapped the year:” 2019 was a solid year for Lamar as we successfully integrated the Fairway, Ashby Street and Mid-America acquisitions, adding nine new markets across the […]
Because it’s Friday, here’s Insider’s light-hearted guide to the Lamar, OUTFRONT and Clear Channel Outdoor codes of business ethics and conduct. You can find links to each code of conduct at the end of this article. No, we didn’t make the quotes up. The we are not WeWork clause (OUTFRONT) […]
SPRINGFIELD, MO – Pioneer Outdoor has acquired several billboard assets from Watkins Outdoor Advertising. The deal consists of 7 Daktronics digital faces and one static billboard face, all located in Springfield MO. Pioneer Outdoor continues to grow their digital presence, having already been the largest digital billboard provider in Springfield, […]
Insider is always looking for articles that help us to better understand unique aspects of the OOH industry. Most of us are familiar with a REIT (Real Estate Investment Trusts) since Lamar and Outfront use that structure. However, understanding REITs and why they make sense for an outdoor company can […]
Today’s podcast guest Steve McNeely has 30 years experience investing in out of home companies. Steve talks about his newest out of home investment, what he thinks of the public out of home companies and private equity’s biggest issue with out of home. Last July you assisted Blackbird Media […]
Baton Rouge, LA – February 6, 2020 – Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that it has completed $2.35 billion in refinancing transactions through its wholly owned subsidiary, Lamar Media Corp. (“Lamar Media”), strengthening its balance […]
Amortization refers to the practice of forcing a billboard company to remove a billboard after an arbitrary period of time without compensation for the loss. Amortization has reared its ugly head in Wenatchee, Washington. In November the city of Wenatchee sent a letter to the city’s out of home companies […]
Yesterday, Insider had an article on Lamar Advertising’s announcement of a proposed private placement offering of approximately $1.0 billion of one or more series of senior notes. An additionally filed SEC disclosure provides more detail related to Lamar’s presentation to potential lenders, which expands on their notice from yesterday. The […]
Seeking Alpha has run two pieces on billboard stocks this week. Outfront: A Long Term Investment Opportunity ran Monday . The financial analysis is shallow and simplistic but one sentence on OUTFRONT’s success at cross-selling transit and bulletins caught Insider’s eye: “According to the figures provided by Outfront Media, 86 […]
Lamar Airports overhauled the advertising signage in San Antonio International Airport with bigger and brighter NanoLumens LED displays that should give advertisers higher visibility and the airport a more modern image. ATLANTA, GA – January, 7th, 2020 – NanoLumens, the award-winning creators of LED visualization solutions in any size, shape or curvature, today […]
