Outfront Media Acquires Billboard Assets In Chicago

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Sep 23, 2019, 16:45 ET

NEW YORK, Sept. 23, 2019 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that it has acquired 22 large-format static billboards and 16 digital displays in the city of Chicago, Illinois from Total Outdoor.

"This tuck-in acquisition strengthens our strong position in Chicago, the third largest DMA in the U.S. and one of our most important markets. All of the acquired inventory is in high profile areas and represents the only large format inside the Loop," said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media. "In the first half of 2019, OUTFRONT Media has led a resurgent out-of-home market and we look forward to the opportunity to invest further in Chicago to contribute to its growth and success."

About OUTFRONT Media Inc.
OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.