CLEAR Channel yesterday said it has sold its business in
The outdoor advertising group said it will sell its 51 per cent stake in subsidiary
Ever Harmonic's offer of
Clear Channel said it would use the proceeds of the sale to improve its liquidity position and increase financial flexibility.
It came as the group, which operates 460,000 print and digital billboards globally, withdrew its fullyear guidance and unveiled a raft of cost-cutting measures as the virus pandemic hits footfall as its sites.
Clear Channel said worldwide chief executive
(c) 2020 City A.M., source