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And here are TWO of the three the actual billboard locations, from cinemocracy.blogs.com:

February 06, 2005
Cinemocracy Goes Billboard Hunting:
Fun Juxtaposition Edition

Cinemocracy went out in search of the Citizens United billboards this weekend, and we found two of the three. Last week, we exposed as a lie the group's erroneous claim that celebrities will see the "thank you" messages as they walk down the red carpet on their way into the Academy Awards. Turns out, one billboard actually is on Hollywood Boulevard, but a good four blocks away from the Kodak Theater at the corner of Hollywood and Whitley. It sits just above Mr. Rogers's star on the Walk of Fame, and, yes, that is Frederick's of Hollywood right next door.
The second billboard we found is on Sunset Boulevard, a block east of Doheny, in West Hollywood, some 3.3 miles from the site of the Oscars ceremony. I guess they figured they'd catch the winners on their way home to Beverly Hills.

This spot also makes for an interesting choice. When viewed from a certain angle, a key portion of the advertisement for Constantine, on a building behind the billboard, shows through.

A subliminal message of Freudian significance, no doubt. In case you can't quite the make it out from the photo, George W. Bush's new "caption" reads, "Hell wants him. Heaven won't take him. Earth needs him." Which I think echoes the reasoning of swing voters who went Republican in 2004.
Posted by Maven on February 6, 2005 | Permalink

Not sure if this is the THIRD one, from www.professorbainbridge.com:

February 08, 2005
We are amused
I spotted this billboard on the west end of the Sunset Strip...
... and I like it
February 8, 2005 in Photoblogging | Permalink

Here is the billboard closest to Hollywood & Highland, from cinemocracy.blogs.com:

And, HERE are two of the buildings beneath it, from you-are-here.com:

J.J. Newberry Co. 1927 | Frederick's of Hollywood 1934 by E.F. Sibbert

Perhaps we can FReep the incoming star-filled limos from somewhere near this location?

The BAD news is that it is three blocks (about 1/4 mile) EAST of the Red Carpet area, so we may have difficulty dragging the media over to interview us.

But, the GOOD news is, we should be able to get permission to FReep here -- unobstructed by the MASSIVE crowds that will be at the corner of Hollywood & Highland.

This way, we would be promoting the CitizensUnited billboard, and it MIGHT make a good "photo op" -- as limos pass in the foreground, with US in the background. Or?

Minor nuisance.

It seems that the forces of "tolerance" and "diversity" have VANDALIZED this billboard at Hollywood & Whitley:

pre-vandalism image

Someone has recently chopped off the top of the President's [billboard] head, right at the ears. :(