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Lamar Advertising Co
Lamar Advertising Co

-4.46%

Real estate / REIT Billboards


Company at a Glance

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Overview
Lamar Advertising Co is an American outdoor advertising company that specializes in billboard advertising. The company was founded in 1902 by Charles Lamar and J.M. Coe, and is currently headquartered in Baton Rouge, Louisiana.
Lamar Advertising Co is one of the largest outdoor advertising companies in the world, with over 350,000 billboards and other advertising displays in more than 160 markets across the United States, Canada, and Puerto Rico. The company offers a variety of outdoor advertising options, including digital billboards, bulletins, posters, and transit displays.
In addition to traditional outdoor advertising, Lamar Advertising Co also offers digital and mobile advertising services. This includes digital billboards and interactive displays, as well as mobile ads through partnerships with popular apps.
The company has a strong commitment to sustainability and has implemented a number of green initiatives, such as using energy-efficient lighting in their billboards and recycling materials from old billboard displays.
Lamar Advertising Co has received numerous awards for its outdoor advertising campaigns, including multiple OBIE Awards from the Outdoor Advertising Association of America. The company also supports local communities through its Lamar Giving Back program, which provides free advertising space to nonprofit organizations.
Overall, Lamar Advertising Co is a leader in the outdoor advertising industry, known for its innovative campaigns and commitment to sustainability and community involvement.
What is special about the company?
Some possible reasons why Lamar Advertising Co may be considered special or notable include:
1. Longevity and history: Lamar Advertising Co was founded in 1902 and is one of the oldest and largest outdoor advertising companies in the world. This long history speaks to the company’s enduring presence and success in the advertising industry.
2. Wide reach and reach: The company’s portfolio includes more than 340,000 display faces in the United States and Canada, providing a significant reach to advertisers looking to target a large audience.
3. Focus on innovation and technology: Lamar Advertising Co has been at the forefront of adopting new technologies and strategies in the outdoor advertising industry. This includes the use of digital ads, interactive displays, and data-driven targeting.
4. Strong financial performance: As a publicly traded company, Lamar Advertising Co has consistently delivered strong financial results and has a track record of growth and profitability.
5. Commitment to sustainability: The company has demonstrated a commitment to sustainability through its efforts to reduce energy consumption, promote recycling, and support environmental conservation initiatives.
6. Community involvement: Lamar Advertising Co is known for its involvement in local communities, including sponsoring public service campaigns, supporting local events and organizations, and engaging in charitable giving.
What the company's business model?
The business model of Lamar Advertising Co involves generating revenue through the leasing of advertising space on outdoor billboards, transit displays, and other out-of-home advertising formats. The company owns and operates a network of over 386,000 displays across the United States and Canada.
Lamar Advertising Co works with businesses and organizations to create and display advertising campaigns aimed at reaching a specific target audience. The company’s business model is based on selling advertising space to clients for a certain period, typically ranging from four to 52 weeks. The cost of the advertising space is determined by factors such as the location, size, and visibility of the display.
In addition to traditional static billboards, Lamar Advertising Co also offers digital billboards and displays, allowing for more dynamic and targeted advertising. The company also provides design and creative services to assist clients in creating effective advertising campaigns.
Lamar Advertising Co’s business model is primarily focused on the leasing of advertising space, but the company also generates revenue through the sale of displays and real estate properties, as well as sponsorships and event advertising. Additionally, the company has expanded its business model to include digital and mobile advertising, providing clients with a range of advertising options to reach audiences in various locations.
Interesting facts about the company
According to the company’s website, Lamar Advertising Co was founded in 1902 in Pensacola, Florida, making it one of the oldest outdoor advertising companies in the United States.
Lamar Advertising Co is currently the largest outdoor advertising company in the United States, with over 348,000 displays across the country.
The company’s first billboard was created in 1900 by its founder, Charles W. Lamar Sr., and featured a painting of a man drinking a glass of Coca-Cola.
Lamar Advertising Co is known for its innovative use of digital billboards. In 2007, the company made headlines for purchasing the first digital billboard in New York City’s Times Square, which was also the largest digital billboard at the time.
The company has been listed on the Nasdaq stock exchange since 1996 and is currently a publicly traded company with a market capitalization of over $5 billion.
Lamar Advertising Co is a family-run business, with the current CEO and Chairman of the Board, Sean Reilly, being the grandson of the company’s founder.
The company is committed to sustainability and has implemented various green initiatives throughout its operations, including using energy-efficient lighting in its billboards and reducing paper waste through digital communication.
Lamar Advertising Co is not only known for its outdoor advertising, but also for its support of various charitable organizations. The company has a program called Lamar Cares, which provides free billboard space for nonprofits and charitable causes.
In 2019, Lamar Advertising Co was named one of Forbes’ Best Employers for Diversity, recognizing its commitment to diversity and inclusion in the workplace.
The company has a strong presence in the sports industry, providing advertising for major sports leagues and teams, including the NFL, NBA, and MLB, as well as collegiate sports programs.
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