Branded Cities Network Acquires Clear Channel Outdoor’s Interest in Clear Channel Canada

by COMMB Staff | AOÛT 14 2017Aug 14 2017

Branded Cities Network (“BCN”), a premier Out-Of-Home and iconic media company in North America, is proud to announce the strategic acquisition of Clear Channel Outdoor’s 50.001% interest in Clear Channel Outdoor Canada – thereby becoming the 100% owner of Clear Channel Outdoor Canada (“Clear Channel Canada”). Through such acquisition, BCN further increases its North American footprint.

“Assuming full ownership of Clear Channel Canada is a strategic play for our North American portfolio with the Canadian market exhibiting exciting growth prospects which will build on our successes, including the Yonge & Dundas Digital tower, Union Station and Edmonton Street Furniture” said Steve Ellman, Chairman & Chief Executive Officer of BCN.

For more information: US Vaibhav Gupta EVP/Chief Operating Officer 602.224.3106 vgupta@brandedcities.com

CANADA Adam Butterworth President, Canada 416.408.0800 x 248 AdamButterworth@clearchannel.com