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

August 15, 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