Universal in outdoor buy

Published on .

Universal Outdoor, Chicago, said it has signed a letter of intent to buy the Baltimore market operations of Penn Advertising from Lamar Advertising Co. Lamar announced its purchase of Penn earlier this week. The transaction, with a purchase price put at $46.5 million, involves about 1,450 display faces.

Copyright February 1997, Crain Communications Inc.

Most Popular
In this article: