Contractual Disputes With Transit And Municipal ClientsContractual headwinds with major transit and municipal partners are creating localized revenue pressure until disputed terms are resolved.
High Leverage And Financial FlexibilityA high level of long-term debt relative to capital increases financial risk and could constrain strategic and capital flexibility.
Weakness In Key Advertising CategoriesSoftness in government, political, retail, and automotive advertising demand may restrain overall ad revenue and slow recovery in underperforming markets.