Clear Channel Outdoor to sell Europe-North segment for $625M

Clear Channel Outdoor (CCO) announced it has entered into a definitive agreement to sell the businesses constituting its Europe-North segment to Bauer Radio Limited, a subsidiary of Bauer Media Group. The expected purchase price from the transaction of $625M is subject to certain customary adjustments. The all-cash consideration represents a transaction multiple of approximately 6.5x Europe-North segment results for the twelve months ended September 30, 2024. The company will use the anticipated

Yahoo | January 10, 2025

Clear Channel Outdoor to divest Europe-North segment for $625M

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Clear Channel Outdoor Sells Europe-North Segment to Bauer Media for $625 Million

Digital billboard company Clear Channel Outdoor (CCO) said Thursday it has agreed to sell its Europe

Yahoo | January 9, 2025

Magic FM owner’s billboard campaign fuels rivalry with LBC broadcaster

The owner of Magic FM has stepped up its rivalry with the media group behind LBC after buying up thousands of advertising billboards.

Yahoo | January 9, 2025

Ad firm Clear Channel Outdoor to sell Europe-North business for $625 million to Bauer Media

Clear Channel will use net proceeds from the sale to prepay in full the outstanding term loans of its CCIBV subsidiary with a principal amount of $375 million, plus any accrued interest, it said in a statement. "Agreement to sell our Europe-North segment is another significant step in the execution of our strategic plan to optimize our portfolio and focus on growing our America and Airports segments to organically improve cash flow and reduce leverage on our balance sheet," said Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings. Texas-based Clear Channel provides outdoor advertising services and operates in more than 260 airport media programs globally.

Yahoo | January 9, 2025

Clear Channel Outdoor Holdings, Inc. to Sell its Europe-North Segment to a subsidiary of Bauer Media Group for $625 Million

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced it has entered into a definitive agreement to sell the businesses constituting its Europe-North segment to Bauer Radio Limited, a subsidiary of Bauer Media Group. The expected purchase price from the transaction of $625 million is subject to certain customary adjustments.

Yahoo | January 9, 2025

There's Been No Shortage Of Growth Recently For Clear Channel Outdoor Holdings' (NYSE:CCO) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...

Yahoo | January 6, 2025

Clear Channel Outdoor Continues Advertising & Sponsorship Program Evolution at Detroit Metropolitan Wayne County Airport (DTW) Through New 10-Year Partnership

Clear Channel Outdoor's Airports Division, the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced Wayne County Airport Authority awarded it a 10-year contract to continue evolving their state-of-the-art advertising and sponsorship program at Detroit Metropolitan Wayne County Airport (DTW). This win comes via a competitive RFP process and continues a partnership Clear Channel Outdoor began with Wayne County Airport Authority in 2003. The new cont

Yahoo | December 11, 2024

Clear Channel Outdoor Continues to Revolutionize Advertising Across 100+ Signature Aviation Private Terminals in the U.S.

Clear Channel Outdoor's Airports Division, the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced that through a five-year contract renewal with Signature Aviation (formerly Signature Flight Support), the world's largest network of private aviation terminals, it will continue to revolutionize advertising programs across more than 100 private aviation terminals in the U.S. As a strategic advertising partner to Signature Aviation, CCO will expand

Yahoo | December 4, 2024

Shareholders in Clear Channel Outdoor Holdings (NYSE:CCO) are in the red if they invested three years ago

In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

Yahoo | November 29, 2024