Clear Channel Outdoor ( (CCO) ) has shared an announcement.
On March 31, 2025, Clear Channel Outdoor Holdings, Inc. announced the completion of the sale of its Europe-North segment to Bauer Radio Limited, a subsidiary of Bauer Media Group, for $625 million. This transaction, which included the prepayment of $386.9 million in outstanding loans, is part of Clear Channel’s strategy to reduce leverage and improve its balance sheet, with plans to use the proceeds to retire advantageous debt and enhance shareholder value. The sale marks a significant step in the company’s international divestitures, amounting to approximately $745 million, and aligns with its goals to divest businesses in Spain and Brazil.
More about Clear Channel Outdoor
Clear Channel Outdoor Holdings, Inc. is a leader in the out-of-home advertising industry, known for its innovative dynamic advertising platform. The company enhances advertising reach through digital billboards, data analytics, and programmatic capabilities, connecting advertisers with millions of consumers monthly.
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