Clear Channel Outdoor Finalizes Sale of Europe-North Division to Bauer Media Subsidiary

Clear Channel Outdoor Holdings, Inc., a leading innovator in the out-of-home advertising sector, has announced that it has received all necessary regulatory approvals for the sale of its Europe-North division to Bauer Radio Limited, a subsidiary of Bauer Media Group. The official closing of the transaction is set for March 31, 2025, pending the completion of customary closing conditions outlined in the share purchase agreement. Clear Channel Outdoor has played a pivotal role in out-of-home advertising by utilizing a dynamic platform that integrates digital billboards and displays, along with data analytics and programmatic capabilities that enhance advertising efficiency. The announcement included forward-looking statements, which are subject to various risks and uncertainties, such as economic fluctuations, operational challenges, and competitive pressures. Factors such as economic downturns, regulatory changes, and market competition could cause actual results to differ significantly from those forecasted. Clear Channel Outdoor acknowledges these uncertainties and cautions against over-reliance on forward-looking statements.