Bauer Media Acquires Clear Channel Europe-North in 12 European Markets, Ströer Considers €4 Billion Sale of Advertising Business

Bauer Media has acquired Clear Channel Europe-North, significantly enhancing its Out of Home advertising capabilities across 12 European markets. This acquisition strengthens Bauer's media presence and expands its reach in the outdoor advertising sector. In related news, German media group Ströer is reportedly considering a potential sale of its core advertising business, which could be valued at approximately €4 billion. Ströer is a market leader in outdoor advertising in Germany, and its major shareholders have clear expectations regarding the sale proceeds. The company confirmed the reports of initial offers from financial investors after the market closed on Friday.