Investor Relations
News Detail

28th Mar 2008

INM Complete Acquisition of Clear Channel’s African Outdoor Interests

Independent News & Media [‘INM’] today announced that all the South African Regulatory approvals for INM’s acquisition of Clear Channel Outdoor’s [‘CCO’] 50% interest in Clear Channel Independent [‘CCI’] – Africa’s largest outdoor advertising company, based in Johannesburg, South Africa have been received and the acquisition has been finalised.

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"INM has a very clear, compelling and coherent strategy for growth, with a very resolute and sturdy version of our newspaper brands' place within the fast-changing media matrix."

Gavin O'Reilly, Chief Operating Officer