CTA Latest To Hurt By Lost Ad Revenue

By Marcus Gilmer in News on Jun 1, 2009 5:20PM

The newspapers aren't the only ones hurting from the loss of ad revenue; they've been joined by the already money-starved CTA. Titan Worldwide, the company that manages ads for the CTA, has seen it's revenue fall significantly over the last several months and as a result they've fallen behind in paying several transit agencies, including the CTA. Titan CEO Donald Allman blamed the economy while CTA spokeswoman Noelle Gaffney said, "We're in discussions with them on how to address it. We expect them to meet their contractual obligation." [Sun-Times]