New & Noted: September 20, 2019

Insider wrote a recent article on the federal governments warnings on Vaping products.  The parent company of Standard Outdoor, Standard Diversified, also has a subsidiary, Turning Point Brands, who is a leading marketer in the Other Tobacco Products segment and includes several vaping related companies.  Standard Diversified’s public traded stock has seen a 17% decrease in value over the last month.  This Newsday post does a nice job of outlining how Vaping may be impacting value.

Benton Harbor, MI city commissioners approved a six-month moratorium on new billboards while the city’s master plan. An article in the Herald-Palladium says that the moratorium was put in place while the city’s master plan is updated to address “the city’s concerns of visual blight, traffic, health, safety, and welfare issues that have emerged with regulated and unregulated off-premises advertisement signs/billboards or similar structures and certain off-premises signs.” The city commissioners also met with city counsel to discuss to discuss a lawsuit Adams Outdoor  filed against the city in September 2018 over denial of a permit for a digital billboard.

Think New York’s issues with floating billboards started with Ballyhoo Media?  Maybe you should read an entertaining New Yorker article that tells the tale of  a 1939 legal battle, when an analog version of the Ballyhoo battle played out in Brooklyn. For much of that summer and the one after it, the city fought a  sea battle with a real-estate wheeler-dealer whose giant billboard boat was playing the shores of Coney Island and Brighton Beach. That man, Fred Trump, not yet thirty-five years old, was already one of the biggest developers in Brooklyn. His son currently occupies the White House.

 

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