Clear Channel Outdoor Holdings, Inc. Announces Completion of Acquisition by Mubadala Capital

(NYSE:CCO) Clear Channel Outdoor Holdings, Inc. announced the completion of its previously announced acquisition by Mubadala Capital. The transaction was valued at approximately $6.2 billion and closed following the receipt of all applicable regulatory approvals and approval by Clear Channel stockholders. With the completion of the acquisition, Wade Davis has become Chief Executive Officer of the Company, succeeding Scott Wells, who has stepped down from his role as CEO and from the Board of Directors. Scott Wells will serve as an advisor to the Company to support a smooth transition. Wade Davis has also joined the Board as Executive Chairman. John Halley will join Clear Channel as Chief Commercial Officer, working across all commercial activities. Following the acquisition, Clear Channel's common stock will cease trading and will be delisted from the New York Stock Exchange. Mubadala Capital is a global alternative asset management platform that manages, advises, and administers over $755 billion in assets for clients and limited partners through its core alternatives businesses and strategic partnerships. Mubadala Capital's core alternatives businesses manage and invest over $60 billion in assets across private equity, special opportunities with a focus on Brazil, credit, and venture capital, as well as Solutions and co-investment platforms. Mubadala Capital maintains a portfolio of strategic businesses and partnerships in private wealth, public credit, insurance, and real estate. Mubadala Capital has more than 250 professionals across offices in Abu Dhabi, London, New York, Rio de Janeiro, and San Francisco. Wade Davis is the founder and Chief Executive Officer of ForgeLight LLC and has previously served as CEO of TelevisaUnivision and Executive Vice President and Chief Financial Officer of Viacom Inc. John Halley most recently served as President of Advertising at Paramount Global. The acquisition marks a significant change in Clear Channel's leadership and ownership structure.

Clear Channel Outdoor Digital Billboards Display Art by Afterschool Student From Coast to Coast This Month for Lights On Afterschool

(NYSE:CCO) Clear Channel Outdoor is collaborating with the Afterschool Alliance and Usher's New Look for a national visibility campaign celebrating afterschool programs. The campaign features artwork created by Evelyn Daniel, a 15-year-old afterschool student from Usher's New Look, whose 'Powered by Afterschool' design will be displayed on nearly 2,000 digital billboards across the country in October as part of the 27th annual Lights On Afterschool celebration. Evelyn, a 10th-grader at Cass Technical High School in Detroit, developed the billboard design through Usher's New Look programming at the Michigan Central Boys & Girls Club Spark Lab, with guidance from communications and design professionals and feedback from Clear Channel Outdoor. The campaign aims to highlight the opportunities afterschool programs provide for youth to explore, connect, and build new skills. Approximately 8,000 Lights On Afterschool events are scheduled on or around October 22 to spotlight the importance of afterschool programs and the need for increased resources. According to the latest America After 3PM data, the parents of 29.6 million U.S. children want afterschool programs for their children, but only 7 million are currently enrolled. Clear Channel Outdoor is donating prominent billboard space in 25 markets nationwide throughout October to display afterschool messages. On October 22, Evelyn's artwork will be featured on two jumbo billboards in New York City's Times Square and Boston's South Station will be illuminated. The National League of Cities and the National Summer Learning Association are also supporting the campaign. USHER serves as the Honorary Chair of Lights On Afterschool. Dan Levi, Executive Vice President and Chief Marketing Officer of Clear Channel Outdoor, stated that the campaign puts the spotlight on youth by showcasing student-designed creative on billboards nationwide. Jodi Grant, Executive Director of the Afterschool Alliance, highlighted the real-world learning and mentorship opportunities provided by afterschool programs, as demonstrated by Evelyn's project. The campaign is organized by the Afterschool Alliance and includes events hosted by schools, Boys & Girls Clubs, YMCAs, 4-H clubs, cities, parks, museums, and community centers. Mayors and governors are declaring October 22 as Lights On Afterschool Day, with special lightings of buildings, bridges, and parks taking place across the country.

Clear Channel Outdoor Receives CFIUS Clearance for Acquisition by Mubadala Capital

(NYSE:CCO) Clear Channel Outdoor Holdings, Inc. announced that it has received clearance from the Committee on Foreign Investment in the United States (CFIUS) for its pending acquisition by Mubadala Capital. With CFIUS clearance, all regulatory requirements for the Merger have been obtained. The Company expects the Merger to close on or about October 14, 2026, subject to the satisfaction or waiver of remaining customary closing conditions. Under the terms of the definitive agreement, stockholders of Clear Channel Outdoor Holdings, Inc. will receive $2.43 per share in cash upon completion of the Merger. Following the closing, the Company's common stock will cease trading and will no longer be listed on the New York Stock Exchange. Mubadala Capital manages, advises, and administers over $755 billion in assets for clients and limited partners through its core alternatives businesses and strategic partnerships. Mubadala Capital's core alternatives businesses manage and invest over $60 billion in assets across private equity, special opportunities with a focus on Brazil, credit, and venture capital, as well as Solutions and co-investment platforms. Clear Channel Outdoor Holdings, Inc. operates in the out-of-home advertising industry, utilizing digital billboards, displays, data analytics, and programmatic capabilities. The Company connects advertisers with millions of consumers every month through its diverse portfolio of assets. The transaction is subject to the satisfaction or waiver of remaining customary closing conditions.

Clear Channel Outdoor Holdings, Inc. Reports Results for the Second Quarter of 2026

(NYSE: CCO) Clear Channel Outdoor Holdings, Inc. reported financial results for the quarter ended June 30, 2026, and announced it entered into a definitive agreement to be acquired by an investor consortium led by Mubadala Capital, with common stockholders receiving $2.43 per share in cash. On August 4, 2026, the Company completed the sale of its business in Spain for approximately $132.3 million, with net proceeds intended to reduce outstanding debt. For the second quarter of 2026, consolidated revenue was $438,040,000, up 8.7% from $402,808,000 in 2025, and adjusted EBITDA was $143,432,000, up 11.6% from $128,558,000. As of June 30, 2026, the Company had $202.3 million in cash and cash equivalents and total long-term debt of $5,107,629,000. The Company operated more than 64,500 print and digital out-of-home displays across 83 U.S. Designated Market Areas, including 43 of the top 50 U.S. markets. The Merger is expected to close by the end of the third quarter of 2026, subject to regulatory approvals, after which the Company's common stock will no longer be publicly traded. The Company will not host a public earnings conference call or webcast and is not providing financial guidance.

Clear Channel Outdoor Holdings, Inc. Completes Sale of its Business in Spain to Atresmedia

(NYSE: CCO) Clear Channel Outdoor Holdings, Inc. announced it has completed the sale of its business in Spain to Atresmedia Corporación de Medios de Comunicación, S.A. for a purchase price of EUR €115M or approximately US$132 million. Final proceeds are subject to customary post-closing adjustments and payment of transaction-related fees and expenses. The Company engaged Moelis & Company LLC and Deutsche Bank Securities Inc. as financial advisors to assist with the process to sell its Spain business. The U.S. dollar equivalent of the purchase price is based on the EUR/USD exchange rate of 1.1501 secured by the Company in connection with the conversion of the sale proceeds. The announcement was made on Aug. 4, 2026. The company projects that final proceeds from the sale of its business in Spain and the use thereof are subject to future adjustments. No additional financial figures, operational metrics, or future guidance were disclosed.

Compass Connections, A21, Clear Channel Outdoor and Union Pacific Launch Anti-Human Trafficking Billboard Campaign

(NYSE: CCO) Clear Channel Outdoor announced its partnership with A21, Compass Connections, and Union Pacific Railroad (NYSE: UNP) to promote a nationwide digital out-of-home campaign to combat human trafficking. The "Can You See Me?" billboard campaign was launched in June and is displayed across 25 U.S. markets. Compass Connections became the new operator of the National Human Trafficking Hotline in December 2025, marking its first partnership with Clear Channel Outdoor on this initiative. During the campaign, the National Human Trafficking Hotline received over 600 signals to report potential trafficking situations, suspicious activities, and requests for linkage to resources originating from the campaign cities. The campaign runs through July 31, the day after World Day Against Trafficking in Persons on July 30. All partners convened at a press event in San Antonio, Texas, to highlight the initiative's impact and the increase in hotline calls and rescues during the June-to-July campaign period. Previous iterations of Anti-Human Trafficking campaigns have shown measurable impacts on the number of calls to the hotline and requests by victims for help.

Clear Channel Outdoor Holdings, Inc. Reports Results for the First Quarter of 2026

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) reported its financial results for the quarter ended March 31, 2026, and announced a pending take-private merger with an investor consortium led by Mubadala Capital and TWG Global. Under the merger agreement, shareholders will receive $2.43 per share in cash, with the transaction expected to close by the end of the third quarter of 2026, pending customary approvals. For Q1 2026, consolidated revenue was $373,864,000, up 11.9% from the prior year, while the company reported a consolidated net loss of $47,994,000. The company will not host a public earnings call or provide financial guidance due to the pending merger.