They kind of blend into the background and you don't notice
them much. Used to be, the operators owned the stands and paid
$1,000 to the city for a two-year license. In 2003, Local Law 64
forced the operators to relinquish the stands to the city but
permitted them to continue operating them at no cost. The
ultimate objective was to continue the trend of subsidizing
public amenities by contracting with private firms that sell
advertising.
In 2006, the city inked a deal with Cemusa to
replace 3,3000 bus shelters, 300 newsstands and 20 public
toilets with gleaming stainless-steel billboards. Aesthetically,
it's not much of a loss, but it can be argued that it takes
away some of the grit that gives NYC character. Regardless,
I documented a few of the late 20th century variety for
the future to judge.
(reference)