109. Billboards
The Economics of Everyday Things
Freakonomics Network
4.8 • 1.6K Ratings
🗓️ 6 October 2025
⏱️ 22 minutes
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| 0:00.0 | Ten years ago, Dan Levy got an unusual call from a recruiter. |
| 0:07.8 | At the time, he was a successful marketing executive who had worked at companies like |
| 0:12.0 | MTV and World Wrestling Entertainment. He spent all day thinking about digital advertising, |
| 0:18.6 | ads on social networks and video sharing sites. But the phone call was about an |
| 0:23.6 | opportunity in a much less glamorous field, billboards. I originally turned down the interview, |
| 0:30.5 | because who wants to be a billboard marketing guy? Everything in the media and advertising world |
| 0:34.9 | had been going so aggressively towards digital and towards mobile. |
| 0:39.1 | So first pass, it didn't seem like it was the type of move that made sense for me. |
| 0:44.7 | But Levy gave the opportunity a second pass, and he changed his mind. |
| 0:50.6 | I learned that the job was about trying to help bring the world's oldest advertising medium into the 21st century. |
| 1:00.4 | Today, Levy is the chief marketing officer at Clear Channel Outdoor, one of America's largest billboard operators. |
| 1:08.5 | In a modern advertising landscape run by Titans like Facebook and Google, |
| 1:13.2 | billboards may seem like an antiquated way to market a product. But if you drive through any |
| 1:18.3 | major city, you'll see hundreds of them lining the freeways. They tempt you with photos of |
| 1:23.7 | McDonald's cheeseburgers that are 14 feet tall and 48 feet wide. |
| 1:29.2 | They extoll the virtues of the latest AI software products. |
| 1:33.2 | They implore you to call personal injury lawyers and to find Jesus. |
| 1:38.5 | Traditionally, billboards have been used to reach as many people as I can to deliver my message. |
| 1:44.5 | You know, new product launches or new TV shows or movie releases, |
| 1:48.7 | you want to get to a scaled audience. |
| 1:51.9 | But today's billboards are more than just static tools of mass communication. |
| 1:57.0 | The industry is increasingly being digitized, |
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