Clear Channel Outdoor Split Is A Done Deal


The last ties to the Clear Channel name will soon be unbound for iHeartMedia.

The No. 1 owner of radio stations and parent of iHeartRadio has reached an agreement on the material terms to fully separate Clear Channel Outdoor‘s business from iHeartMedia, which presently owns 89.1% of Clear Channel’s outstanding common stock.

The separation indicates that iHeart’s emergence from debtor-in-possession status is nearing its conclusion.​​

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