Clear Channel Outdoor Holdings, Inc. to Sell Investment in Clear Media Limited for US$253 Million
SAN ANTONIO, March 30, 2020 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (NYSE: CCO[1]) (the “Company”), one of the world’s largest outdoor advertising companies, today announced that it has entered into an agreement to irrevocably tender to sell its 50.91% stake in Clear Media Limited (“Clear Media”), an indirect, non-wholly owned subsidiary of the Company based in China, to Ever...