Market Overview

Link Media Outdoor Announces the Acquisition of Assets from Waitt Outdoor, LLC

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Link Media Outdoor ("Link"), a subsidiary of Boston Omaha Corporation
(NASDAQ:BOMN), has completed the acquisition of substantially all of
the operating assets of Waitt Outdoor, LLC ("Waitt Outdoor"), based in
Omaha, Nebraska. Founded in 1999, Waitt Outdoor has grown to become one
of the leading outdoor companies in the Midwest with over 1,600
structures and 2,500 advertising faces, located in Illinois, Iowa,
Kansas, Missouri and Nebraska.

"The Waitt Outdoor acquisition dramatically expands our Midwestern
footprint, roughly doubling our advertising face count," said Jim
McLaughlin, President and CEO of Link. "In addition, we believe the
quality of the inventory and the employees make this transaction very
desirable and we are thrilled to add these talented performers to the
Link team. Mike Delich, who is retiring from his CEO role to enjoy his
family and other outside interests, has been a real pleasure to work
with and the new friendship that we have developed with him over the
past couple of months is a genuine benefit.

This deal marks the third acquisition that Link has closed in a month,
which demonstrates our responsiveness to seller desires and how nimble
our management and legal teams are in completing all the necessary work
that needs to get done. We believe these are just a few of the important
reasons why sellers have chosen to do business with Link as we continue
our journey to seek to become one of the nation's leading outdoor
advertising companies."

The purchase price for the acquisition was $82,000,000 in cash. A
portion of the purchase price will be retained by Link for a period of
up to 12 months as a partial source of recourse for any indemnification
claims by Link. The purchase price is also subject to certain prorations
of revenues and expenses to be determined within 90 days following the
closing. Waitt Outdoor and Mike Delich have also agreed to not compete
with the business for a period of five years.

"Waitt Outdoor is a high-quality collection of mostly static billboard
assets that have been superbly managed over the last two decades.
Accordingly, we paid a full price that is commensurate with the quality
nature of these long duration assets," said Adam Peterson, Co-President
and Co-CEO of Boston Omaha Corporation. "We are excited to watch the
team at Link build and extract value from our increasingly dense Midwest
footprint."

Waitt Outdoor was represented in the sale by Kalil & Co., Inc.

For more information on Link Media or for any outdoor advertising needs,
please visit www.linkmediaoutdoor.com.

About Link Media Outdoor

Link Media Outdoor is engaged in the outdoor advertising business with
over 2,900 billboard structures and 5,400 advertising faces located in
Alabama, Florida, Georgia, Illinois, Iowa, Kansas, Missouri, Nebraska,
Virginia, West Virginia, and Wisconsin.

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995
provides safe harbor protections for forward-looking statements in order
to encourage companies to provide prospective information about their
business. Forward-looking statements include statements concerning
plans, objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts. The Company desires to take advantage of
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in connection
with this safe harbor legislation. The words "believe," "anticipate,"
"intends," "estimate," "forecast," "project," "plan," "potential,"
"may," "should," "expect," "pending" and similar expressions identify
forward-looking statements. The forward-looking statements in this press
release are based upon various assumptions, many of which are based, in
turn, upon further assumptions, including without limitation, our
management's examination of historical operating trends, data contained
in our records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections.

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