“Following a successful Adshel partnership with APN of almost 20 years, this transaction presents a very compelling exit opportunity for Clear Channel Outdoor, allowing us to focus even more on our core markets – and APN remains a strong and valued partner to iHeartMedia through our partnership in iHeartRadio in Australia and New Zealand,” said Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holdings. “We will continue to evaluate our global portfolio and seek opportunities to position it for long-term success, always offering advertisers unmatched reach and effectiveness across a unique combination of multimedia assets and platforms.”