Today, Bauer Media Group announces the completion of its acquisition of Clear Channel Europe-North ("Clear Channel Europe"), a leading player in the Out of Home (or "OOH") media sector. This follows the receipt of all necessary approvals and the satisfaction of all regulatory conditions.

Bauer Media is taking a key step in its strategy by completing the acquisition of Clear Channel Europe, strengthening its core media businesses and opening up new digital opportunities. Under the name "Bauer Media Outdoor", the company adds Out of Home advertising to Bauer Media’s offering, a strong strategic complement to its existing Audio and Publishing divisions.

This acquisition is part of Bauer Media’s commitment to delivering high-impact media experiences and driving innovation in the industry. Advertising partners and clients will reap significant benefits from Bauer Media’s enhanced offering and greater reach across 200 magazine brands, 150 audio brands and 110,000 OOH sites.

Yvonne Bauer, chairman of Bauer Media, said, "As we celebrate our 150th anniversary, we are delighted to open this new chapter and welcome the talented Bauer Media Outdoor Europe team to Bauer Media. This acquisition will support our global growth strategy and accelerate our digital transformation.

The addition of Bauer Media Outdoor will offer advertisers up to 350 million consumer touchpoints across 16 European markets. This will enable campaigns to have greater impact, with more creative and innovative opportunities, in audio, publishing and Out of Home."

Justin Cochrane, CEO, Bauer Media Outdoor, "We are extremely excited about our future with Bauer Media. We have big ambitions to grow the business through sustainable innovation, wider reach and creativity. While business will continue as usual in the immediate future, we look forward to working with our new colleagues at Bauer Media, and listening carefully to our customers and partners, to deliver exceptional advertising and infrastructure solutions in the future."