Clear Channel Acquires FRP

Clear Channel Communications Inc. has signed an agreement to acquire 80% of France Rail Publicite, which operates all outdoor advertising on railway property in France.
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 buses.
FRP owns France Bus, the national bus advertising operator, and is a subsidiary of national railway operator, SNCF.
Clear Channel also owns the French billboard and street furniture businesses, Dauphin, Sirocco and Adshel.
Chris Joaquim