Lamar Advertising is the largest pure play outdoor advertising company in North America with billboards in three quarters of the top 250 markets in the United States. The company reported in a conference call with investors on August 9, 2001 that advertisers are not spending as aggressively on outdoor advertising as they did in 2000.
Four Billboards in Norfolk, VA Condemned In Snyder Plaza Properties, Inc. v. Adams Outdoor Advertising, Inc., No. 991306 (April 21, 2000), the Supreme Court of Virginia upheld a commissioner’s “variation of the income approach” to estimate the value of four billboard leasehold interests. The billboards located in the downtown financial district of Norfolk were condemned
Supreme Court Ruling On June 28, 2001, the Supreme Court ruled that states could not ban tobacco advertising on billboards near playgrounds and schools because such a ban would violate federal law and free speech rights. The court found that in the course of limiting children’s exposure to tobacco ads, the state would prevent adults
First Union Securities’ Nantucket Conference On June 28, 2001 Mr. Sean Reilly, Vice President of Mergers and Acquisitions with Lamar Outdoor Advertising, spoke to the First Union Securities’ Nantucket Conference about his company’s market share and recent acquisition activity. Mr. Reilly reported that Lamar’s national market share of traditional billboards is approximately 25%, Clear Channel
