Caspian Capital Invests $20.5 Million in Clear Channel Outdoor Amid Strong Revenue Growth

Caspian Capital disclosed a new position in Clear Channel Outdoor, acquiring 9.275 million shares for $20.5 million in Q4. The transaction represents 13.56% of Caspian Capital's reportable U.S. equities at quarter-end. Clear Channel Outdoor generated $1.6 billion in revenue in 2025, up 7% YoY, with growth particularly strong in airport advertising and digital billboards. The company's shares have surged 100% over the past year, vastly outperforming the S&P 500.