The company completed the Atresmedia sale for about $132 million as Q2 revenue rose 8.7% and it said net proceeds are expected to help reduce debt, subject to merger outcome.
Clear Channel Outdoor Holdings, Inc. said it completed the sale of its Spain business to Atresmedia Corporación de Medios de Comunicación, S.A. on Aug. 4, 2026 for EUR €115M, or about $132 million, with final net proceeds still subject to customary post-closing adjustments and transaction-related fees and expenses. In its second-quarter results, the company said it intends to use the net proceeds to further reduce outstanding debt, subject to the outcome of its pending $2.43-per-share take-private merger backed by affiliates and-or certain investment funds advised by Mubadala Capital. Clear Channel also reported second-quarter 2026 revenue rose 8.7% year over year to $438.0 million, while Adjusted EBITDA increased 11.6% to $143.4 million and AFFO rose 61.6% to $44.9 million.