Clear Channel Outdoor completes sale of Mexico, Peru, Chile businesses for $20M cash plus earn-out

Clear Channel Outdoor Holdings, Inc.

Sold Mexico, Peru, Chile operations to Global Media US LLC for $21.25M total consideration ($34M enterprise value).
Received $20M cash at closing; eligible for $1.25M earn-out; proceeds to improve liquidity.
Sale aligns with strategy to focus on America and Airports segments while strengthening balance sheet.
Assets/liabilities of these businesses will be reported as discontinued operations starting Q4 2024.
Sales process for remaining Latin American business in Brazil is ongoing.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.