sector an afternoon lift. The IRS set the table for CBS Outdoor to convert itself to a REIT. Advancers: Clear Channel Outdoor ( CCO ) +3.1% , AirMedia Group ( AMCN ) +3.0% , Lamar Advertising ( LAMR ) +5.6% . Post your comment!
Lamar Advertising LAMR and CBS CBS have submitted private letter requests to the Internal Revenue Service to convert their domestic outdoor assets to
Lamar Advertising LAMR reported modest 2.6% organic sales growth in the fourth quarter, on par with our expectations given the low-growth environment
outdoor division is much more capital intensive than the overall firm. CBS is following a similar path to Lamar Advertising LAMR , which announced its plans in August 2012. With CBS joining the fray, the REIT conversions seem even more likely and we are
international outdoor business, which has a heavy concentration in Europe. CBS is following a similar path to Lamar Advertising LAMR , which announced its plans in August 2012. With CBS joining the fray, the REIT conversions seem even more likely and we are
Lamar Advertising LAMR reported solid second-quarter results, given the challenging economic conditions in some of its smaller local markets. However
the company indicated that second-quarter domestic pacing was only 1%, which matches the weak tone of Lamar Advertising's LAMR guidance Thursday. The international segment is suffering from cyclical and secular issues, in our view. International sales
Lamar Advertising LAMR reported decent first-quarter results that were on par with our expectations but the second-quarter guidance of 3% organic
Lamar Advertising LAMR reported encouraging fourth-quarter results that were better than we anticipated. We are lifting our 2012 forecast and are increasing
growth over the next five years. We're more bullish on the domestic outdoor market than international, given the high concentration of the top three industry players in the United States, which include CBS CBS and Lamar Advertising LAMR .