Clear Channel Completes Sale of Europe-North Segment to Bauer Radio Limited
Deal News | Mar 31, 2025 | PR Newswire Cision Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc., a leading out-of-home advertising company, announced the completion of its sale of the Europe-North business segment to Bauer Radio Limited, a subsidiary of Bauer Media Group. The transaction was valued at $625 million, with net proceeds after debt repayments and other adjustments amounting to approximately $243 million. CEO Scott Wells highlighted that the sale is part of a larger strategy of international divestitures totaling around $745 million, aimed at improving financial flexibility and reducing business risks. The company plans to use the proceeds to retire debt and enhance shareholder value, with ongoing divestment discussions involving operations in Spain and Brazil. Clear Channel aims to improve its balance sheet and leverage its dynamic advertising platform, which integrates data analytics and digital displays, to deliver enhanced advertising solutions.
Sectors
- Out-of-Home Advertising
- Media and Entertainment
Geography
- United States – Clear Channel Outdoor Holdings, Inc. is headquartered in San Antonio, Texas.
- Europe – The transaction involves the Europe-North segment of Clear Channel, which was acquired by Bauer Radio Limited.
- Germany – Bauer Media Group, the parent company of Bauer Radio Limited, is headquartered in Germany.
Industry
- Out-of-Home Advertising – Clear Channel Outdoor Holdings, Inc. operates within the out-of-home advertising industry, leveraging digital billboards and data-driven advertising solutions.
- Media and Entertainment – Bauer Media Group, through Bauer Radio Limited, operates in the media sector, focusing on radio and other entertainment media.
Financials
- $625 million – The purchase price for the Europe-North segment sold to Bauer Radio Limited.
- $375 million – Principal amount of the CCIBV term loans prepaid using the transaction proceeds.
- $12 million – Approximate accrued interest on the prepaid CCIBV term loans.
- $243 million – Net cash proceeds received from the transaction after debt repayment and adjustments.
- $745 million – Total value of international divestitures completed by Clear Channel, including the Europe-North segment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Clear Channel Outdoor Holdings, Inc. | Selling Company | Company | A leader in out-of-home advertising, operating digital billboards and data-driven solutions. |
| Bauer Radio Limited | Bidding Company/Buyer | Company | A subsidiary of Bauer Media Group, involved in the acquisition of Clear Channel's Europe-North segment. |
| Bauer Media Group | Parent Company | Company | A major European media company, operating in the radio and broader media sectors. |
| Scott Wells | CEO | Person | Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. |