Outdoor Giant Lamar Reports $15 Million Loss Due To Hurricane Rita

  • November 8, 2005
Outdoor advertising giant Lamar Advertising Co. Tuesday reported a 14.7 percent jump in net third quarter revenues, and a 15.7 percent increase for the first nine months of 2005. Lamar said it achieved this growth despite taking a $15 million loss related to interruptions in advertising schedules for some clients and damages to its outdoor inventory in Gulf Coast states caused by Hurricane Rita. -- Joe Mandese
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