Vision Media Group International | News
11 March 2008 Agreement with Clear Channel
Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that the Group has completed the signing of a ten year commitment with the UK's leading outdoor advertising company, Clear Channel Outdoor UK.
This commitment, as previously announced on 10 January 2008, has now been fully agreed for the procurement of advertising across VMG's nationwide mall network of digital screens and will support all future malls that VMG develops in the years to come.
Barry Sayer, CEO of Clear Channel Outdoor UK, said: "As market-leader we are constantly looking at ways of improving our portfolio to ensure we provide our customers with the most flexible and innovative advertising solutions. Our current expansion into interactive and digital technologies is complemented by our partnership with VMG who are committed to developing the UK's premier digital mall network."
Dominic Brookman, CEO of VMG, said: "Shopping centres are effectively high-streets with a roof over the top and the high footfall within them is a valuable audience for advertisers. Our partnership with Clear Channel is a first for the UK outdoor advertising industry and we are delighted to be working with such a prestigious company. We have now successfully executed our vision of outsourcing national sales to the industry leader and are confident that this agreement will be the turning point in the Group's financial performance."
For further information:
| Vision Media Group (International) plc | |
| Dominic Brookman, CEO | Tel: +44 (0) 203 206 0001 |
| dominicb@visionmediagroupplc.com | www.visionmediagroupplc.com |
| Seymour Pierce Limited | |
| Stuart Lane / John Depasquale, Corporate Finance | Tel: +44 (0) 20 7107 8000 |
| stuartlane@seymourpierce.com | www.seymourpierce.com |
| Media enquiries: | |
| Abchurch | |
| Henry Harrison-Topham / Gareth Mead | Tel: +44 (0) 20 7398 7710 |
| henry.ht@abchurch-group.com | www.abchurch-group.com |