On Saturday I witnessed one of those magnificent moments that seem so typically British. I found a spot on the route for the Olympic men’s road race close to the finish at the bottom of Hyde Park. As the tail end Charlies were coming around the corner in dribs and drabs there was a sudden [...]
CBS Outdoor is suing London Underground owner Transport for London over its alleged mismanagement of the £1.5bn tube advertising contract CBS ‘won’ in 2006. Among the things CBS failed to anticipate were upgrading engineering works for the ageing system, modernisation of some key central London stations as part of the Crossrail project and the more [...]
Back in 2006 (two years before the recession struck in the UK and elsewhere) CBS outdoor signed an eight and a half year deal with London Underground to instal digital screens in flagship Tube stations like Oxford Circus. In return CBS guaranteed London Underground operating company Transport for London (TFL) about £70m a year from [...]
Of course the second is only relevant if the first, selling the outdoor business, doesn’t happen. CBS CEO Les Moonves said last night that he hadn’t yet had a call from French outdoor giant JC Decaux wanting to buy the broadcast company’s global outdoor business but that he would take it when the company did [...]
CBS Outdoor has said it will sue Transport for London (TfL) over its contract to supply London’s Underground system with posters in an apparent attempt to claw back the oodles of cash it’s lost since ‘winning’ the contract in 2006. CBS has indeed plastered some high profile bits of the underground, like Oxford Circus, with [...]
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