iHeartMedia’s Outdoor Ad Unit Eyed by JCDecaux

Financial Times: France’s JCDecaux is the world’s largest outdoor advertising group. But Jean-François Decaux, co-chief executive, believes the company can become much bigger — potentially though acquisitions of its U.S.-based rivals, Clear Channel Outdoor and Outfront Media. “We are the natural buyer” of the two U.S. operations, Decaux said. Both companies generate annual revenues in the U.S. in excess of $1 billion. It is only a matter of time” before Clear Channel’s indebted parent company iHeartMedia puts it up for sale, he added.