The exclusivist Clear Channel has communicated the resumption of Sales process for your business in Spain. The different European divisions of the company have been for sale in recent years, within the framework of a market reduction strategy that does not consider priority.

Clear Channel has revealed his intention to continue looking for a buyer for his business in our country after JCDECAUX Announced last October that would not continue with the acquisition as a result of the valuations made by the National Commission of Markets and Competition (CNMC).

The French multinational announced the purchase of the operation in Spain of its competitor Clear Channel for 60 million euros in May 2023. However, the operation was canceled after the agency indicated the risks involved for competition in the foreign advertising market, since it implied a very notable reinforcement of the leadership position of JCDECAUX, especially in the exterior urban furniture segment.

Instead, JCDecaux did carry out the acquisition of the subsidiary of Clear Channel in Italy for an amount of 15.1 million euros. This operation was made immediately in May 2023 since it did not require permission from the authorities to be carried out.

The movement has been part of the Clear Channel strategic plan to sell its businesses in Europe. And in this line in March 2023 he completed the sale of the Swiss division to Goldbach, part of TX Group, for 86 million Swiss francs (91.3 million euros).

Along these lines, last January he announced a definitive agreement to sell the companies that constitute their segment of northern Europe to Bauer Radio Limited, A subsidiary of Bauer Media Group for 625 million dollars. In addition, at the beginning of this month he has shared that he has completed the sale of his businesses in Mexico, Peru and Chile to Global Media USwhich operates under the name of Global Public Vía, for 34 million dollars.
He also pointed out that he is still looking for a buyer for his businesses in Brazil.

Clear Channel has announced the resumption of its efforts to sell its business in Spain during its last presentation of financial results, corresponding to the year of 2024. As shared, last year’s total income would have promoted to 1,505 million dollars, which represents 5% more compared to 2023.

“We continue with our plan to focus on our highest American margin markets“said Scott Wells, executive director of Clear Channel Outdoor Holdings, in a statement. He has also indicated that the company’s roadmap for growth is focused on continuing to innovate and modernize its platform. This includes the expansion of digital presence and greater use of data and analysis capabilities.