Nine PBS sues Iron Mountain over blocked access to archival data. August 11, 2026 By Billy Hathorn - Own work, CC BY-SA 3.0 Nine PBS in St. Louis filed a lawsuit against information management corporation Iron Mountain Data Centers July 28, seeking to recover over 50 terabytes of archival materials stored in one of the company's Denver-based data centers. The lawsuit filed in Denver District Court alleges that the station's cloud-storage vendor, Open Source Storage, abruptly cut off access to Nine PBS' data earlier this year without warning. It states OSS, which had a separate relationship with Iron Mountain to provide data storage, went "defunct," leaving Nine PBS' archives in a data center operated by Iron Mountain. Iron Mountain has refused to return the materials to the station because its client, OSS, technically owned "the physical services housing the data" within Iron Mountain, according to the complaint. The station requested temporary and preliminary relief that would prevent Iron Mountain from deleting, modifying or overwriting its materials in the suit. A district judge granted the motion and set a hearing for Wednesday. In a statement to Current, Nine PBS VP and CCO Leah Freeman confirmed the station's lawsuit against Iron Mountain and its dedication to retrieving the archival materials and programming, which she says span over "70 years of our organization's history." "We are committed to ensuring we can recover and restore full access to this valuable content, which Nine PBS rightfully owns, as it holds significant historical importance for St. Louis." According to the lawsuit, the blocked materials include historical items such as Nine PBS' coverage on the history of East St. Louis, the COVID-19 pandemic and the Great Flood of 1993, which ravaged along the Mississippi and Missouri rivers. 'No choice but to file' Nine PBS entered a relationship with a company described in the complaint as "OSS' predecessor" in 2019. This unidentified vendor provided "hardware, software and cloud-storage services" for storing the public broadcaster's archival materials and other data. Nine PBS renewed its contracts with the data services vendor and subsequently OSS annually, the complaint states. When Nine PBS attempted to schedule a meeting with OSS in February to discuss renewing for 2026, OSS didn't respond or indicate "any intention not to renew the agreement." The agreement was set to expire on March 6. The contract provided 30 days for Nine PBS to retrieve its data from OSS' storage "upon termination of services." But on March 6, OSS cut off the station's access without warning, according to the complaint. When Nine PBS attempted to contact OSS to sort out the problem, it discovered that OSS' website was defunct and the company had delinquency status with the Colorado Secretary of State. To ensure the station's data remained secure, Nine PBS investigated further and discovered that OSS had a relationship with Iron Mountain, according to the complaint. Nine PBS sent a demand letter March 13, demanding that Iron Mountain preserve and return its data and offering "to pay any reasonable costs associated with its demand." Iron Mountain neither confirmed nor denied the data was in its possession, the lawsuit states. Nine PBS filed a lawsuit against OSS and its "purported" president Charles Wells in the St. Louis Circuit Court April 16, the complaint states. The broadcaster later paused the litigation after James Tramel, a "managing partner of the group that officially acquired" OSS' assets, confirmed that Nine PBS' data was secure within Iron Mountain's Denver data center. After communicating with Nine PBS for about a month, Tramel stopped responding. Weeks later, an automatic reply email from his account stated that he was no longer affiliated with OSS. Tramel revealed in a subsequent phone call that he "had been defrauded" into purchasing OSS, according to the complaint. At this point, the company's previous owners, including Wells, Ben Nicholson, and Justine Ririe, resumed control of OSS' operations. After Nine PBS attempted to contact OSS leadership without success, the station returned to the St. Louis Circuit Court and obtained a default judgment against OSS. The court's ruling stated that the station both owned its data and had an "immediate right to possess the data," according to the complaint. The judgment also ordered OSS to return the data to Nine PBS "and/or facilitate its transfer to a new vendor." An attorney representing Nine PBS contacted Iron Mountain about returning the data, and noted that "litigation was imminent in Colorado," and the company admitted that it possessed the data, the complaint states. Iron Mountain initially indicated that it wanted to avoid litigation and comply with Nine PBS' request, but later refused to do so, citing OSS' ownership of the infrastructure that houses the data. Nine PBS' complaint states that, following multiple unsuccessful attempts to retrieve its digital property, it "had no choice but to file this lawsuit to force Iron Mountain to protect and ultimately provide" the data. Iron Mountain did not respond to a request for comment. Featured jobs. SALT LAKE CITY, UT KUER, NPR Utah Phoenix, AZ New York, NY New York Public Radio Phoenix, AZ Portland, OR All Classical Radio Missoula, MT Montana Public Radio Albuquerque, NM KUNM Radio University of New Mexico Rock Island, IL WVIK, Quad Cities NPR Wellington, FL

Iron Mountain Q2 earnings call highlights. August 8, 2026 Key points. * Iron Mountain reported record Q2 2026 results, with revenue up 19% year over year to $2.03 billion and adjusted EBITDA up 16% to $727 million. Data centers, asset lifecycle management (ALM) and digital solutions grew more than 50% collectively. * Data center leasing momentum accelerated, with 110 megawatts leased year to date and roughly 325 megawatts expected to be energized over the next 24 months. Management expects to meaningfully exceed its original 100-megawatt full-year leasing target. * The company raised its 2026 outlook, projecting $7.94 billion-$8.01 billion in revenue, $2.945 billion-$2.975 billion in adjusted EBITDA and AFFO of $5.87-$5.93 per share, supported by ALM revenue expected to approach $1 billion. * MarketBeat previews top five stocks to own in September. Iron Mountain NYSE: IRM reported record second-quarter results for 2026, with revenue rising 19% year over year to $2.03 billion and adjusted EBITDA increasing 16% to $727 million, as growth in data centers, asset lifecycle management and digital solutions outpaced the company's expectations. President and Chief Executive Officer Will Meaney said organic revenue grew 17% during the quarter, while adjusted funds from operations, or AFFO, increased 17%. The company's data center, asset lifecycle management, or ALM, and digital businesses collectively grew by more than 50%, contributing 35% of second-quarter revenue, up 750 basis points from a year earlier. "Our team delivered another outstanding performance with record-breaking second quarter results exceeding our expectations across all metrics," Meaney said. Data center leasing and capacity. Iron Mountain's data center business generated $263 million in second-quarter revenue, up $73 million, or 39%, from the prior year. The segment's adjusted EBITDA rose $41 million to $137 million, and its adjusted EBITDA margin increased 140 basis points year over year to 52.2%. The company signed 13 megawatts of new data center leases in the second quarter, including a 10-megawatt lease in Amsterdam. In July, it signed an additional 75 megawatts of leases, bringing year-to-date leasing to 110 megawatts. July activity included a 25-megawatt lease that fully leased Iron Mountain's London Three asset and a 51-megawatt, 10-year agreement with a major global hyperscaler in Mumbai. Meaney said the company has about 325 megawatts of capacity expected to be energized during the next 24 months, following leasing activity in the first half and July. He said demand is strong across the company's pipeline, including at its Richmond campus, in Europe and in India. Management said it expects to "meaningfully exceed" its original 100-megawatt full-year leasing target, though executives noted that large hyperscale leases can be uneven from quarter to quarter. Chief Financial Officer Barry Hytinen said the company plans to emphasize its energization schedule rather than issue annual leasing guidance, describing the available capacity as located in attractive markets with robust customer pipelines. ALM growth drives revenue upside. ALM revenue rose 88% year over year to $288 million, including 82% organic growth. Hytinen said the segment exceeded the company's prior projection by more than $45 million, supported by both enterprise ALM services and hyperscale data center decommissioning. Enterprise ALM revenue grew more than 60% organically, aided by expansion with existing customers and new contract wins. Data center decommissioning revenue increased more than 100% from the prior year, partially reflecting about $30 million of timing benefits from large hyperscaler projects that were accelerated into the second quarter. Meaney characterized ALM as a multibillion-dollar opportunity, citing a $35 billion addressable market. The company said the enterprise channel accounts for roughly 75% of that market and offers recurring activity and cross-selling opportunities across Iron Mountain's customer base of more than 240,000 customers. Iron Mountain raised its full-year ALM revenue outlook and now expects the business to approach $1 billion in 2026 revenue. Hytinen said the enterprise ALM business is expected to grow more than 50% this year and generate slightly more than $600 million of full-year revenue. The company also recently acquired Group ATF, an ALM provider in France and Belgium. Hytinen said the transaction closed around Aug. 1 and involves annual revenue in the high teens of millions. Iron Mountain expects approximately $7 million of revenue contribution during the second half, with the acquired business carrying an EBITDA margin in the low 20% range before expected cost and revenue synergies. Records and digital businesses continue to expand. Global records and information management revenue reached a quarterly record of $1.4 billion, up 8% on a reported basis and 7% organically. Storage revenue rose 5% organically, while services revenue increased 9% organically. Iron Mountain's digital business grew more than 25%, according to Hytinen. Meaney said digital solutions posted record quarterly revenue and that more than 45% of digital revenue is now recurring. He also cited traction for the company's AI-powered InSight DXP platform, including new deployments with financial services and fintech customers in the United Kingdom and Australia. Hytinen said physical storage volumes continued to increase, with the company storing more physical volume for customers than at any prior point. He expects physical volumes to remain modestly positive, supported by continued outsourcing in markets including India. The company also said its Internal Revenue Service digital-services contract ramped faster than expected. Hytinen said the contract generated more than $15 million of second-quarter revenue, compared with about $9 million in the first quarter, and that Iron Mountain continues to expect annual revenue from the program to exceed $100 million in 2027. Raised 2026 outlook. Iron Mountain raised its full-year financial outlook following the second-quarter performance. The company now expects: * Total revenue of $7.94 billion to $8.01 billion, representing 16% growth at the midpoint. * Adjusted EBITDA of $2.945 billion to $2.975 billion, representing 15% growth at the midpoint. * AFFO of $1.76 billion to $1.78 billion, or $5.87 to $5.93 per share. For the third quarter, the company expects approximately $1.98 billion in revenue, $745 million in adjusted EBITDA and $440 million in AFFO, or $1.47 per share. Iron Mountain generated $888 million in year-to-date operating cash flow, up $315 million from the prior-year period. The company invested $553 million in growth capital expenditures and $38 million in recurring capital expenditures during the second quarter. It ended the period with net lease-adjusted leverage of 4.8 times and declared a quarterly dividend of $0.864 per share, payable in early October. About Iron Mountain (NYSE:IRM). Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives. Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers' digital transformation. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Iron Mountain, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Iron Mountain wasn't on the list. While Iron Mountain currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.

Iron Mountain is expected to announce its fiscal second-quarter 2026 earnings on 5 August. Analysts forecast funds from operations of $1.28 per share, up 166.7% year-over-year from $0.48. The Portsmouth, New Hampshire-based company, valued at $36.8 billion, provides records management and data solutions across banking, healthcare, and pharmaceutical sectors. It has beaten Wall Street's FFO estimates in its last four quarters. For full-year 2026, analysts expect FFO of $5.40 per share, up 154.7% from $2.12 in 2025. The stock has risen 23.8% over the past 52 weeks, outperforming the S&P 500's 20.3% gain. Nine of 12 analysts give Iron Mountain a "Strong Buy" rating, with an average price target of $133.25.