Clear Channel Outdoor has received permission from the City of Sacramento to build four digital billboards on land owned by the city. (more…)
Posts Tagged ‘billboard business’
Sacramento City Council Approves Clear Channel Deal
Friday, June 4th, 2010Bossier City Looks to “Cap and Replace” System
Thursday, May 20th, 2010Bossier City, Louisiana is moving towards enactment of a new billboard ordinance based on a “cap and replace” system.
Under this system, the total number of signs in Bossier City would be frozen, (more…)
Michigan Considers Banning LED Billboards
Monday, May 3rd, 2010The Michigan legislature is considering a two-year ban on LED billboards to allow for more time to study their effect on distracting drivers. House bill 5580 would place a two-year ban on new LED sign construction. (more…)
Tampa City Council Scales Back Digital Billboards
Saturday, April 24th, 2010The City of Tampa City Council offered a scaled back digital sign offering following a motion by councilman John Dingfelder. The city had been preparing to vote on allowing Clear Channel Outdoor and CBS Outdoor to install 16 digital signs each on interstate highways and roadways of their choosing, when Dingfelder made the motion that the number be lowered to 6 digital signs each. That motion carried. (more…)
Freedom Of Speech Arguments Fall Short Of Saving Oakland Billboard.
Friday, April 16th, 2010A Federal Appeals Court has ruled that the City of Oakland was correct in removing an illegal billboard last year. The decision may end seven years of litigation in which the billboard company, Desert Outdoor Advertising, had maintained that it had the right to keep the billboard on East Ninth Street based on Freedom of Speech protections. (more…)
Billboard Coalition Sues L.A. City Attorney
Friday, April 9th, 2010A lawsuit has been filed against the Los Angeles City Attorney to bar him from arresting sign law violators and setting excessive bail.
The suit was filed by the President of three outdoor companies and a property rights group. It comes after Keyvan Setareh, the owner of a building at Hollywood Blvd. and Highland on which a supergraphic was placed, was jailed for a weekend in lieu of $1,000,000 bond. (more…)
Billboard May Cost Kentucky $42 Million in Highway Funds
Friday, April 9th, 2010A billboard with the message “Hell is Real” has put the State of Kentucky in a precarious position with the U.S. Government regarding highway funding.
Under the Highway Beautification Act, states must monitor and enforce the statute or risk losing their national funding of their highway program, In Kentucky, that amounts to about $42 million per year. (more…)
Clear Channel Outdoor Stock Climbs After Fourth Quarter Results are Announced
Saturday, April 3rd, 2010Shares of Clear Channel Outdoor rose on March 12, following release of the company’s fourth quarter earnings, as the loss narrowed and revenue beat the forecast.
In the fourth quarter, the company’s loss was $56.8 million as compared to $3.03 billion in the same period last year. Analysts had expected revenue of $722 million for the period, but actual revenue was $763 million.
Some analysts raised the company from “neutral” to “outperform” as a result of the report.
Michigan Considers Banning Led Billboards
Saturday, April 3rd, 2010The Michigan legislature is considering a two-year ban on LED billboards to allow for more time to study their effect on distracting drivers. House bill 5580 would place a two-year ban on new LED sign construction. (more…)
More Cities Move To Ban Digital Billboards
Friday, March 26th, 2010St. Louis, Missouri just became the latest city to put a moratorium on the installation of new digital billboards. The moratorium runs for one year, and is timed to coincide with the release of a study on the distraction of digital billboards being researched by the U.S. government. (more…)
