Reagan National Advertising of Austin, Inc. v. Capital Outdoors, Inc.

BEA ANN SMITH, Justice.

Reagan National Advertising of Austin, Inc. (“Reagan”) appeals the trial court’s order denying its motion for summary judgment and granting summary judgment in favor of Capital Outdoors, Inc. (“Capital”). Capital bought an advertising easement from Met NYTEX, Ltd. (“Met”) and built an outdoor advertising billboard on Met’s property. Reagan is a former lessee of Met and formerly maintained a billboard on the same land. The lease agreement between Reagan and Met contained a clause prohibiting Met from “releasing” the land to other advertisers for five years after the…