JCDecaux, a media company, agreed to acquire of the Italian business of Clear Channel, an out-of-home advertising company, for €15.1m. "We are pleased to continue our alliance in Italy with the Du Chène de Vère family, formed more than twenty-years ago. This acquisition of CCI will allow us to develop IGPDecaux on a highly dynamic market. The JCDecaux and Clear Channel teams will harness their combined expertise to fulfil the expectations of advertisers, cities and citizens alike, to develop more than ever a service-oriented and sustainable media," Jean-Charles Decaux, JCDecaux Co-CEO.