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OUTFRONT Media Awarded New Bus Advertising Contract By The Los Angeles County Metropolitan Transportation Authority

31 Jan 2018

NEW YORK, Jan. 31, 2018 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that it has been awarded a new 10-year contract to sell advertising on the Los Angeles County Metropolitan Transportation Authority (the "LACMTA") Metro Bus system, subject to the execution of a definitive agreement. The Company was not awarded a new contract to sell advertising on the LACMTA Metro Rail system.  For the fiscal year ended December 31, 2016, OUTFRONT Media generated $3.1 million of advertising revenue from the rail portion of the contract. The Company's existing contract with the LACMTA expired on December 31, 2017, and is currently operating under an extension.

OUTFRONT Media Logo. (PRNewsFoto/OUTFRONT Media Inc.)

About OUTFRONT Media Inc.
OUTFRONT Media connects brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.

Contacts:

Investors:

Media:

Gregory Lundberg

Carly Zipp

(212) 297-6441

(212) 297-6479

greg.lundberg@OUTFRONTmedia.com

carly.zipp@OUTFRONTmedia.com

Cautionary Statement Regarding Forward-Looking Statements 
We have made statements in this document that are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by discussions of strategy, plans or intentions related to the LACMTA agreements and our capital resources, portfolio performance and results of operations. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and may not be able to be realized. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: our ability to execute a definitive agreement with the LACMTA in a timely manner on favorable terms, or at all; and other factors described in our filings with the Securities and Exchange Commission ("SEC"), including but not limited to the section entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on February 23, 2017.  All forward-looking statements in this document apply as of the date of this document or as of the date they were made and, except as required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors of new information, data or methods, future events or other changes.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/outfront-media-awarded-new-bus-advertising-contract-by-the-los-angeles-county-metropolitan-transportation-authority-300590871.html

SOURCE OUTFRONT Media Inc.

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