OUTFRONT Media (OUT) Sells its Canadian Business to Bell Media

Apart from strategic disposition, OUTFRONT Media has capitalized on acquisitions to enhance its portfolio. In the first quarter of 2024, the company acquired several assets for nearly $6 million. In 2023, the company acquired several assets for around $33.7 million. With such expansion efforts, it remains poised to grow over the long term. However, elevated operating expenses and high interest rates will likely weigh on its bottom-line growth in the near term. Competition from several advertising channels m ...