News Formal

Bell Media signs deal to buy Canadian business of Outfront Media for $410 million

  • 📰 SooToday
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 85%

United States News News

United States United States Latest News,United States United States Headlines

TORONTO — Bell Media has signed a deal to buy the Canadian operations of outdoor advertising company Outfront Media Inc. for $410 million in cash.

Stewart Johnston, senior vice-president, sales and sports at Bell Media, says the out-of-home advertising category continues to grow in importance as a mass reach vehicle, while digital formats allow for greater targeting capabilities.Outfront Media chair and chief executive Jeremy Male says the sale provides the company with additional financial flexibility as it focuses on its U.S. assets.

Bell Media, a subsidiary of BCE Inc., owns television and radio stations as well as digital and out-of-home media assets. The company says the deal is expected to close in 2024, subject to regulatory approval and other closing conditions.The Canadian Press

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Before the Bell: Futures struggle with earnings, rates in focusA look at Monday morning’s market action
Source: globeandmail - 🏆 5. / 92 Read more »