Artie Moreno and various parties associated with Verde Investments have combined to purchase a total of 35 million shares in Clear Channel Outdoor. Here’s the group…
Looks to Billboard Insider like this makes Moreno, Verde et. al. the 4th largest shareholder in Clear Channel Outdoor. Here’s our estimate…
Billboard Insider’s take: Nice to see experienced out of home investors taking a position in Clear Channel. Arte founded Outdoor Systems. Garcia is Chairman of Verde Outdoor and Verde Outdoor Capital. Maybe they’ll push for the operation to get leaner and more efficient.
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