Clear Channel Outdoor and APN News & Media's Adshel Street Furniture Pty Ltd Wins Coveted Street Furniture Contract for the Australian Capital Territory (ACT), Australia
Advertisers Will Gain Added Exposure in Capital City
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) and APN News & Media (quoted on the Sydney stock exchange in Australia) announced today that their joint venture, Adshel Street Furniture Pty Ltd, has won a 15-year street furniture contract for the Australian Capital Territory (ACT), Australia. The ACT is home to the national capital city of Canberra.
Under the contract the company will provide up to 314 bus shelters incorporating over 266 advertising panels across the ACT, a large proportion of these in the capital Canberra.
"The Australian street furniture business has grown rapidly over the past few years," said Steve McCarthy, CEO of Adshel Street Furniture. "Adding the ACT, and in particular Canberra to our network will give advertisers high quality coverage in our country's capital city."
"Entering the ACT is a significant step in strengthening our already strong position in the Australian market," said Paul Meyer, Global President of Clear Channel Outdoor. "This win also furthers our goal of increasing our presence in key Asia-Pacific markets."
About Clear Channel Outdoor
Clear Channel Outdoor, based in Phoenix, Arizona, is the world's largest outdoor advertising company with over 881,000 displays in more than 60 countries across 6 continents. In the United States, the company operates over 155,000 advertising displays and has a presence in 45 of the top 50 Designated Market Areas. It also operates airport, rail, taxi and mall advertising businesses worldwide. Its Spectacolor (U.S.) and DEFI (international) divisions are the global market leaders in spectacular sign displays, including in New York's Times Square. Adshel(TM) is the company's international street furniture division, which operates more than 3,500 municipal advertising contracts worldwide. More information may be found by visiting www.clearchanneloutdoor.com.
Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Source: Clear Channel Outdoor Holdings, Inc.
Released January 17, 2007