Clear Channel Outdoor files billboard suit against the city
From the NPT Inbox:
PHOENIX – September 4, 2009 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced it has filed a lawsuit charging the City of El Paso with violating a city ordinance which permitted the Company to install 17 digital billboards, an enormous project completed over several years at the expenditure of millions of dollars.
In the complaint, Clear Channel Outdoor charges that city officials cannot ignore this ordinance and requests the Court to order the City not to require that the Company remove any of its digital billboards.
In 2003, the City established a procedure that allowed the Company to obtain approval for the replacement of vinyl billboard faces with digital/LED faces. Clear Channel Outdoor obtained the required approvals and relied on the City’s issuance of permits in ordering 17 digital/LED displays and completing the replacement of vinyl billboards with digital/LED faces on 15 existing signs.
“We’ve done our best to compromise with city officials on this issue, but it’s clear that a third party is now needed in these negotiations,” said Tim Anderson, Vice President of Clear Channel Outdoor – Texas. “We are only asking that the City treat us fairly. We installed the digital billboards properly under the approved procedure, and the City’s change in position is unjust and will be detrimental to our business.”
About Clear Channel Outdoor
Clear Channel Outdoor (NYSE:CCO – News) is the world’s largest outdoor advertising company with close to one million displays in over 50 countries across 5 continents. In the United States, the company operates just under 200,000 advertising displays and has a presence in 49 of the top 50 Designated Market Areas. It also operates airport, rail, taxi and mall advertising businesses worldwide. Its Spectacolor (U.S.) and DEFI (international) divisions are the global market leaders in spectacular sign displays, including in New York’s Times Square. Clear Channel Adshel is the company’s international street furniture division, which operates over 3,500 municipal advertising contracts worldwide. Clear Channel Outdoor also operates digital displays and networks in most of its divisions. More information may be found by visiting http://www.clearchanneloutdoor.com
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