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Clear Channel Outdoor Holdings (CCO) Announces A$268.4M Sale of Adshel

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Clear Channel Outdoor Holdings, Inc. Sells Interest in Adshel to Joint Venture Partner APN News & Media for AUS $268.4 Million

October 24, 2016 9:50 PM EDT

SAN ANTONIO--(BUSINESS WIRE)-- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), a subsidiary of iHeartMedia, Inc. (PINK: IHRT), announced today that its Clear Channel Outdoor International segment will sell its interest in Australian out-of-home media company Adshel to joint venture partner APN News & Media (ASX, NZX: APN) for a purchase price of AUS$268.4 million. The transaction closed today, with APN owning 100% of Adshel.... More