Lamar Revenue up 13% 2Q 2016 on Clear Channel Outdoor Acquisitions (Billboard Insider)

Lamar’s announced second quarter 2016 financials which slightly beat expectations. Net revenue increased by 13% to $387 million in second quarter due to the Clear Channel Outdoor asset acquisitions.  Acquisition-adjusted net revenue increased by 3.5% which puts Lamar behind acquisition adjusted revenue increases of 4.6% for Clear Channel and 4.3% for Outfront during the second quarter of 2016. […]