Conversion stock and restructuring
The company has underdone significant restructuring. In fact, on March 1, 2022, Providence Equity Partners L.L.C. and its affiliates converted all 275,000 Series A convertible permanent preferred shares held by Providence to 17,388,024 shares of the Company's common stock, according to Outfront Media Inc. The company has also announced increased performance through the team’s strong strategy and implementation skills.
StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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