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OUTFRONT Media buys billboard assets, digital displays from Total Outdoor

OUTFRONT Media Inc. acquired 22 large-format static billboards and 16 digital displays in Chicago from Total Outdoor Corp.

Financial terms of the transaction were not disclosed. "This tuck-in acquisition strengthens our strong position in Chicago, the third largest DMA® in the U.S. and one of our most important markets," OUTFRONT Media CEO and Chairman Jeremy Male said in a Sept. 23 statement. "All of the acquired inventory is in high profile areas and represents the only large format inside the Loop."