Mediaco sells assets of Fairway Outdoor to Lamar Advertising for $78.6M
Tuesday, December 13, 2022
The deal includes more than 3,500 billboard faces in seven states in the southeastern and central US. Lamar shares were also 2.8% higher.
MediaCo Holding (MDIA) rose more than 20% after announcing late Monday the sale of its Fairway Outdoor advertising business to Lamar Advertising (LAMR) for $78.6 million.
Published on Tuesday, December 13, 2022 at 9:11 PM