But they remain rooted in the pavement of New York, blocking pedestrian traffic, looking a bit like museum pieces in an age of cellphones, BlackBerrys and Bluetooth headsets.
There is a reason for their survival: Public telephones are one of the stranger cash cows in city finance. Not because of the coins that are fed into them, but rather because of the millions upon millions that companies are willing to pay to put ads on them.
The phone kiosks generate $62 million in advertising revenue annually — and last year the city got $13.7 million of the take. Last year its income from ads was triple what it pulled in from calls. | Read full article
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