Insider has reported on Lamar’s agreement to purchase Corey Airport Services. Here is their press release on the closing of the transaction. Baton Rouge, LA – July 11, 2017 – Lamar Advertising Company (Nasdaq: LAMR), one of the largest out-of-home media companies in the world, today announced that it has […]
Public out of home company valuations were stable during the second quarter of 2017. The following table shows that the four public out of home companies (Clear Channel Outdoor, Lamar, OUTFRONT and JCDecaux) had an enterprise value of 13.2 times cashflow at June 2017, down slightly from 13.4 times cashflow […]
Insider has chronicled both the history and agency change that has impacted the Chick-fil-a cows. Now Ken Klein, EVP of OAAA brings us up to date on everyone’s favorite mis-spellers. Barry Kern of Kern Studios in New Orleans – builder of Mardi Gras floats, statues, and plenty of Chick-fil-A […]
US Out of home advertising stocks lagged the Standard and Poors 500 during the second quarter of 2017. A stock index consisting of Lamar, Outfront and Clear Channel Outdoor declined by 4.2% during the second quarter of 2017 while the Standard and Poors 500 was up 2.7% for the quarter. […]
The State Journal reports that Lamar is suing the city of Weston, West Virginia in response to rejection of a billboard permit. The Lewis County School Board approved a Lamar plan to put a billboard on school property in August 2016. The city asked Lamar and the school board to […]
Lots happening with the Lamar/Pittsburg dispute over the Mount Washington Banner sign. Lamar changed the sign vinyl. Pittsburg’s Mayor has engaged in a twitter war with Sprint executive Mark Nachman over the issue. Here’s Nachman’s original tweet And then Mayor Peduto got involved. And the war was on. Lamar […]
In May 2017 Sean Reilly was elected chair of OAAA. Reilly, a Baton Rouge native, joined Lamar Advertising Company in 1989, then a family owned business, founded in 1902 by his great-grandfather Charles Lamar Sr. A Harvard University and Harvard Law School graduate, he worked on acquisitions and real estate […]
Mike Maziarka, President at Worknet LLC (an Intelliscape Company) TREASURE ISLAND, Florida – June 22, 2017. Intelliscape, a global provider of video analytic & deep learning solutions is pleased to announce that Lamar Advertising Inc. has integrated the innovative Intelliscape VEHCIO vehicle recognition solution within a digital billboard advertising campaign […]
The Greater Baton Rouge Business Report writes that Lamar will be acquiring Atlanta based Corey Airport Services. The sale is set to close on July 1st. The Corey Airport Services web site indicates that Billy Corey first established Corey Companies as a billboard advertising company in Atlanta. The company eventually expanded […]
Stephen Freitas, OAAA Chief Marketing Officer During the co-chairs opening remarks at the 2017 OAAA\Geopath National Convention + Expo, Kevin Gleason and David Krupp each discussed their “ah-ha moment” — when they first recognized the enormous power and potential of the OOH medium. Kevin remembered the creative excitement surrounding the […]
