Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Lamar did rapid consolidation in the late 90's to 05. After buying out companies they would have all previous owners sign lengthy non competes. They would then work with city governement and encourage new sign laws. By the time non competes expired, building new signs was next to impossible. As a result, in medium size markets, they typically own at least 90% market share and can dictate rates. Since the 08 bust, they quite acquiring competitors and to continue revenue growth for shareholders, they put all capital expenditures towards digital billboards. They began converting standard billboard faces to LED which allows up to 8 advertisers on the same sign face at 8 second intervals.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).