Clear Channel Outdoor gains on report activist pushes for sale

[Toronto, Canada - Yonge-Dundas Square with electronic billboards]
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Clear Channel Outdoor (NYSE:CCO [https://seekingalpha.com/symbol/CCO]) rose 7.9% in premarket trading on a report that an activist investor is pushing the outdoor advertising company to pursue a sale.

Anson Funds Management has made its views known to the board of Clear Channel Outdoor, according to a Bloomberg report [https://www.bloomberg.com/news/articles/2025-09-22/activist-anson-pushes-clear-channel-outdoor-to-pursue-sale?embedded-checkout=true] on Monday, which cited people familiar with the matter.

Anson declined to comment to Bloomberg. Clear Channel didn't immediately respond to request for comment.

Anson,along with activist investor Legion Partners, are both top 10 shareholders in Clear Channel Outdoor. In May 2023, Legion also pushed for the company to explore a sale. [https://seekingalpha.com/news/3972351-clear-channel-outdoor-gains-amid-activist-push-for-sale-of-entire-company]

MORE ON CLEAR CHANNEL OUTDOOR

* Clear Channel Outdoor Holdings, Inc. (CCO) Analyst/Investor Day Transcript [https://seekingalpha.com/article/4821424-clear-channel-outdoor-holdings-inc-cco-analyst-investor-day-transcript]
* Clear Channel Outdoor Holdings, Inc. (CCO) Analyst/Investor Day - Slideshow [https://seekingalpha.com/article/4820959-clear-channel-outdoor-holdings-inc-cco-analyst-investor-day-slideshow]
* Clear Channel Outdoor: Investment Thesis Becoming Clearer [https://seekingalpha.com/article/4818222-clear-channel-outdoor-investment-thesis-becoming-clearer]
* Clear Channel Outdoor to sell business in Spain to Atresmedia [https://seekingalpha.com/news/4493076-clear-channel-outdoor-to-sell-business-in-spain-to-atresmedia]
* Clear Channel outlines 5%–9% Q3 revenue growth guidance while advancing debt reduction initiatives [https://seekingalpha.com/news/4478791-clear-channel-outlines-5-percent-9-percent-q3-revenue-growth-guidance-while-advancing-debt]