Business
Clear Channel Outdoor Holdings, Inc. Receives Regulatory Clearances and Approvals for Sale of its Europe-North Segment to a Subsidiary of Bauer Media Group
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced receipt of all regulatory clearances and approvals required with respect to the consummation of the sale of the Company's Europe-North segment to Bauer Radio Limited, a subsidiary of Bauer Media Group.
About this update from Clear Channel Outdoor Holdings, Inc.
[{"type":"text","content":"SAN ANTONIO, March 10, 2025 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced receipt of all regulatory clearances and approvals required with respect to the consummation of the sale of the Company's Europe-North segment to Bauer Radio Limited, a subsidiary of Bauer Media Group.","length":340,"tagName":"p"},{"type":"text","content":"The consummation of the sale remains subject to the delivery of certain customary closing items by the parties as set forth in the related share purchase agreement. The parties expect to close the transaction on March 31, 2025.","length":232,"tagName":"p"},{"type":"text","content":"About Clear Channel Outdoor Holdings, Inc.","length":42,"tagName":"p"},{"type":"text","content":"Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is at the forefront of driving innovation in the out-of-home advertising industry. Our dynamic advertising platform is broadening the pool of advertisers using our 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. By leveraging the scale, reach and flexibility of our diverse portfolio of assets, we connect advertisers with millions of consumers every month.","length":549,"tagName":"p"},{"type":"text","content":"Cautionary Statement Concerning Forward-Looking Statements","length":58,"tagName":"p"},{"type":"text","content":"Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company and its subsidiaries to be materially different from any future results, performance, achievements, guidance, goals and/or targets expressed or implied by such forward-looking statements. The words "guidance," "believe," "expect," "anticipate," "estimate," "forecast," "goals," "targets" and similar words and expressions are intended to identify such forward-looking statements. In addition, any statements that refer to expectations or other chara...