899045--2/26/2010--LAMAR_MEDIA_CORP/DE

related topics
{cost, contract, operation}
{debt, indebtedness, cash}
{tax, income, asset}
{product, market, service}
{condition, economic, financial}
{regulation, change, law}
{cost, operation, labor}
Restrictions in the Company s and Lamar Media s debt agreements reduce operating flexibility and contain covenants and restrictions that create the potential for defaults, which could adversely affect the Company s business, financial condition and financial results. The Company s revenues are sensitive to general economic conditions and other external events beyond the Company s control. The Company could suffer losses due to asset impairment charges for goodwill and other intangible assets. The Company significantly reduced its acquisition activity in 2009 and plans to maintain this level of activity in 2010, which could adversely affect the Company s future financial performance. The Company faces competition from larger and more diversified outdoor advertisers and other forms of advertising that could hurt its performance. Federal, state and local regulation impact the Company s operations, financial condition and financial results. The Company s logo sign contracts are subject to state award and renewal.

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