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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

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