Reuters reported on Friday the 21st that a group of iHeartMedia lenders have signed a cooperation agreement to oppose the debt overhaul of the largest owner of U.S. radio stations and the parent company of Clear Channel Outdoor. Insider has previously reported on iHeart and their proposed debt swap. The proposal […]
Many out of home leases require lease payments annually in advance. Is prepaid rent recoverable if a lease terminates early? Not unless you have a refund clause. That’s the lesson of Eujoy Realty v Wagner Communications. Here are the facts: In 2000 Van Wagner Outdoor signed a 15 year lease […]
Insider has asked J. Allen Smith to write a series of articles on landmark out of home advertising legal cases. Mr. Smith is a eminent domain and condemnation expert at Settlepou, a Dallas law firm. For more information on Mr Smith, please see Smith’s Settlepou bio. In January Smith discussed Metromedia. Today […]
Did you know that it’s trespass to fail to remove a billboard when your lease expires? That’s the point of Loukas v Clear Channel Outdoor. Clear Channel Outdoor leased a billboard in Chicago from Loukas, Inc from 1990 to 2012. In 2012 the lease expired. Clear Channel Outoor refused to […]
Individual proprietorships account for 167 (6%) of the 2,706 out of home advertising firms in the 2012 US Census as you can see from the following table: 2012 US Census US Out of Home Advertising Firm Legal Structures Insider strongly urges you to switch to an S-Corp or LLC if […]
In their March Legal Report, OAAA Counsel Eric Rubin explores the ties that bind all outdoor advertising companies. A shared interest in the core legal and legislative issues transcends size and geography. OAAA members range in size from closely-held independent companies that serve a limited number of markets to public […]
STARK COUNTY, OH (March 7) – In a victory for maintenance of nonconforming billboards, a court in Ohio overruled a locality that had issued a stop-work order. Court of Common Pleas Judge Chryssa N. Hartnett reversed the City of Alliance Board of Zoning Appeals and immediately rescinded the stop-work order. […]
BizTimes in Milwaukee, WI reports that Clear Channel Outdoor lost an appeal on a challenge to $7.2 million in real estate tax assessments on their 850 billboards. Clear Channel had previously paid the $7.2 million obligation for the years 2009-2013 but had challenged the real estate assessments as invalid arguing […]
Insider has asked Allen Smith to write a series of articles on landmark out of home advertising legal cases. Allen Smith is a eminent domain and condemnation expert at Settlepou, a Dallas law firm. For more information on Mr Smith, please see Smith’s Settlepou bio. Today Smith discusses Metromedia v City […]
The Daily Gazette reports that Lamar has sued Schenectady County, New York for $50,000 in compensation after the county terminated a billboard lease as part of a road widening project. The County offered Lamar $25,000 for the billboard when it purchased the property. Lamar countered at $82,638 and asked for […]
