Clear Channel Outdoor May Seek Growth Overseas

FOXBusiness

Clear Channel Outdoor (NYSE:CCO) may seek growth internationally, according to a Reuters report.

Clear Channel Outdoor executive William Eccleshare said the unit’s private-equity funders would not seek an exit for another several years and were supportive of growth, according to Reuters.

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However, Eccleshare said that speculation about an immediate deal was likely stemming from Clear Channel Outdoor competitor JC Decaux, which may have told clients that a deal between the two companies was likely, according to the report.

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