Outfront Media Acquires Billboard Assets in Oregon, Washington, USA.
MANews-(C)2009-2022
New York-based out-of-home media company Outfront Media Inc. (NYSE: OUT) has acquired billboards and certain other business support assets in Portland, Oregon and Clark County, Washington from Pacific Outdoor Advertising, the company said.
The acquired advertising assets include 211 large-format static displays, 21 digital displays, 709 posters, and 15 walls.
The transaction was fully funded using cash on hand.
This new Outfront market represents the establishment of an urban-market foothold in the Pacific Northwest, and a significant expansion of Outfront's inventory, which already includes billboards in the non-urban areas of...
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