Clear Channel takes Outdoor public
Outdoor advertising The US media group Clear Channel (CC) is spinning off its outdoor and entertainment divisions.
The US media group Clear Channel (CC) is spinning off its outdoor and entertainment divisions and plans to list its global outdoor advertising business - which includes Clear Channel Plakanda in Switzerland - on the New York Stock Exchange under the name Clear Channel Outdoor at the end of 2005. However, CC initially intends to list only ten percent of the shares. The Entertainment division is to be fully listed at the same time.
