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March 28, 2014
07:28 EDTCBSOCBS Outdoor CEO seeks to move more ad dollars to outdoor, Reuters says
CBS Outdoor Americas CEO Jeremy Male sees an opportunity for his newly public company to move more advertising spend toward outdoor media, noting that the top 50 advertisers only spend 2% of revenue on outdoor, reported Reuters, citing an interview with Male. The CEO also noted that outdoor media represents less than 5% share of advertising dollars in the U.S., while in rest of the world that share is 8%. Reference Link
News For CBSO From The Last 14 Days
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July 30, 2014
10:00 EDTCBSOOn The Fly: Analyst Downgrade Summary
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06:50 EDTCBSOCBS Outdoor downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded CBS Outdoor to Equal Weight follow a reduction in U.S. ad growth forecasts for 2H following disappointing GDP and lack of a recovery in ad spending. Price target raised to $37.
July 28, 2014
09:14 EDTCBSOCBS Outdoor appoints Punter Chief Revenue Officer
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July 23, 2014
17:45 EDTCBSOCBS Outdoor COO Kelly departs
CBS Outdoor Americas has announced that Wally Kelly, president and COO since 2013, will be leaving the organization. He will stay at the company for an advisory period until the end of this year.
July 21, 2014
07:04 EDTCBSOCBS Outdoor acquires outdoor assets from Van Wagner Communications
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