News

Branded Cities Network acquires Clear Channel Canada

August 21, 2017

Branded Cities Network recently acquired Clear Channel Outdoor's 50.001 percent interest in Clear Channel Canada, thus becoming the full owner of the Canadian branch, according to a press release.

The company plans to use this acquisition to improve its reach in North America, as well as reach key OOH locations such as airports, expressways and squares throughout Canada.

"Assuming full ownership of Clear Channel Canada is a strategic play for our North American portfolio with the Canadian market exhibiting exciting growth prospects which will build on our successes, including the Yonge & Dundas Digital tower, Union Station and Edmonton Street Furniture," Steve Ellman, chairman and CEO of BCN, said in the release.