Clear Channel Outdoor Holdings, Inc. Announces Termination of Agreement to Sell its Business in Spain to a Subsidiary of JCDecaux Following Regulatory Review

Core Viewpoint - Clear Channel Outdoor Holdings, Inc. announced that JCDecaux SE has terminated its agreement to acquire the Company's business in Spain due to regulatory challenges from the Spanish National Markets and Competition Commission (CNMC) [1][2] Company Operations - The Company will continue its operations in Spain and focus on executing its strategic priorities in the America and Airports segments [1][2] - The CEO expressed gratitude to the European teams for their efforts during the regulatory review process, highlighting strong business performance in Spain despite the ongoing sale process [2] Strategic Focus - Clear Channel is committed to its strategic plan, which includes organic cash flow growth and reducing leverage on its balance sheet [2] - The Company is expanding its advertising platform through digital billboards and data analytics, aiming to connect advertisers with millions of consumers monthly [3]