More Becomes Clear Channel

Following the £475 million takeover earlier this year (see More Group Urges Shareholders To Accept Clear Channel Bid), More Group has renamed as Clear Channel International (CCI). CCI is a wholly-owned subsidiary of US-based Clear Channel Communications.

CCI is expected to mirror the strategy of its parent company by developing its interests in television and radio across Europe. The existing More Group outdoor advertising operations around the world will retain the More Group name and operate as they do at present.

Chief executive, Roger Parry, will become responsible for developing Clear Channel’s outdoor interests everywhere in the world except South America and the US.

Clear Channel International: 0171 287 6100