Category Outdoor & Display

Bressler New President/CFO at Clear Channel

NEW YORK – Longtime media executive Richard J. Bressler is the new president and chief financial offer (CFO) of CC Media Holdings Inc. and Clear Channel Communications Inc., effective immediately.

Richard Bressler (Photo courtesy Clear Channel)Bressler will also serve as CFO of Clear Channel Outdoor Holdings Inc. He’ll report to Clear Channel Chairman/CEO Robert Pittman.

“I recruited Rich for this role because there are few people who have as deep an understanding as he does of our company and the opportunities we have to lead the industry in helping marketers meet the demands of increasingly connected consumers,” Pittman said. “I’m confident that he’ll add another layer of expertise and experience as we take the company to its next level of growth, and will be a tremendous leader for our financial team.”

Bressler rece...

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CBS Outdoor’s European, China Assets Sold for $225m

Los Angeles/New York  – Platinum Equity and CBS Corp. announced July 16 that an affiliate of Platinum Equity made an irrevocable binding offer to acquire the assets of CBS Outdoor (CBSO) International.  The proposed transaction represents a total value of approximately $225 million and is subject to completion of works council consultation and other conditions.

The move comes as CBS seeks to spin off the rest of its CBS Outdoor subsidiary into a separate real-estate investment trust (REIT) publicly held property...

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