Clear Channel Outdoor sells Europe-North segment to Bauer Radio Limited -3.1% drop in shares

By Bobby Samwell • Monday, March 10 15:12 • Permanent Link

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) has received all regulatory clearances and approvals required for the sale of its Europe-North segment to Bauer Radio Limited, a subsidiary of Bauer Media Group. The transaction is expected to close on March 31, 2025, subject to the delivery of certain customary closing items by the parties as set forth in the related share purchase agreement.

Clear Channel Outdoor Holdings, Inc. is a company at the forefront of driving innovation in the out-of-home advertising industry. The company's dynamic advertising platform is broadening the pool of advertisers using their medium through the expansion of digital billboards and displays and the integration of data analytics and programmatic capabilities that deliver measurable campaigns that are simpler to buy.

For further information, please contact: Press: FGS Global Jared Levy / Stephen Pettibone / Hayley Cook [email protected]

Investors: Eileen McLaughlin Vice President – Investor Relations (646) 355-2399 [email protected] The market has reacted to these announcements by moving the company's shares -3.1% to a price of $1.24. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.