Clear Channel Outdoor Holdings, Inc.

Clear Channel Outdoor Holdings, Inc. is a leading provider of out-of-home (OOH) advertising solutions. The company offers advertisers opportunities to reach large audiences in high-traffic public spaces using a diverse portfolio of assets, including roadside billboards, street furniture, and airport displays. These assets connect advertisers with millions of consumers monthly. The company's common stock is listed on the New York Stock Exchange under the symbol "CCO." Historically, the company operated in the U.S. and international markets. Starting in 2021, the Board of Directors began reviewing strategic alternatives for international businesses to focus on more profitable U.S. operations, improve organic cash flow, and reduce debt. In 2023, the company sold its businesses in Switzerland, Italy, and France, which, along with Spain, formed its Europe-South segment. In 2025, it sold the businesses in its Europe-North segment and all businesses in Latin America. The company also agreed to sell its business in Spain, expected to close in the first half of 2026, pending regulatory approval. Upon completing the Spain transaction, the company will have exited substantially all international operations and will primarily focus on its U.S. business, leading to a more simplified operating structure. On February 9, 2026, the company entered into a Merger Agreement with Madison Parent Inc. and Madison Merger Sub Inc.