Clear Channel Outdoor (CCO) Grows Fastest Right Before Going Private

Clear Channel Outdoor Holdings Inc. reported second-quarter financial results on August 5 that demonstrated operational momentum across its advertising segments even as the company approaches privatization. The pending acquisition by an investor consortium advised by Mubadala Capital at $2.43 per share was approved by stockholders on May 12 and is expected to close by the end of the third quarter.
Consolidated revenue rose 8.7% in the second quarter to $438.0 million, with first-half revenue cl