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Article: Clear Channel Acquires French Railway Advertising.
- Article from:
- PR Newswire
- Article date:
- May 18, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN ANTONIO, Texas, May 18 /PRNewswire/ --
Clear Channel Communications (NYSE: CCU) announced today that it has signed an agreement to acquire 80% of France Rail Publicite (FRP), which handles all outdoor advertising on railway property in France. FRP is a subsidiary of SNCF, the national French railway operator. FRP also owns France Bus, which operates bus advertising in France. Clear Channel is planning a major investment program to modernize the advertising facilities offered.
FRP has approximately $100 million in revenue from media including 20,000 advertising panels in stations, 15,000 billboards on rail land, 25,000 panels in trains and 7,500 ...