Advertising - Latest Activist Disclosures

This table shows recent activist investor (Schedule 13D) filings made in this industry. Any investor or hedge fund that makes an investment with the intention of influencing management is considered an activist investor and must file a 13D.

Date Form Target Company Investor Shares Ownership
(Percent)		 Ownership Change
(Percent)
2025-09-12 13D/A CCO / Clear Channel Outdoor Holdings, Inc. Ares Management Llc 41,197,491 8.30 -24.00
2025-08-26 13D/A FLNT / Fluent, Inc. Frost Phillip Md Et Al 7,302,737 28.30 8.49
2025-08-12 13D/A DRCT / Direct Digital Holdings, Inc. Direct Digital Management, LLC 10,623,510 46.80 -2.62
2025-07-21 13D/A STGW / Stagwell Inc. Penn Mark Jeffery 31,118,697 11.60 0.06
2025-06-20 13D/A FLNT / Fluent, Inc. Conlin Matthew 3,797,607 16.10 62.31
2025-06-20 13D/A FLNT / Fluent, Inc. Schulke Ryan 4,934,295 21.10 33.94
2025-05-23 13D/A FLNT / Fluent, Inc. Frost Phillip Md Et Al 6,731,308 31.10 37.01
2025-05-14 13D/A CCO / Clear Channel Outdoor Holdings, Inc. Moreno Arturo R 63,464,016 12.80 10.50
2025-04-25 13D STGW / Stagwell Inc. Ballmer Steven A 116,044,633 43.50
2025-04-18 13D/A STGW / Stagwell Inc. Penn Mark Jeffery 31,098,697 11.70 -17.97
2025-04-18 13D/A DRCT / Direct Digital Holdings, Inc. Direct Digital Management, LLC 10,909,554 0.60 -1.57
2025-04-08 13D/A STGW / Stagwell Inc. Penn Mark Jeffery 37,910,029 14.30 -75.38
2025-04-08 13D/A CCO / Clear Channel Outdoor Holdings, Inc. Moreno Arturo R 57,432,534 11.70 10.59
2025-04-08 13D/A STGW / Stagwell Inc. Goldman Sachs Group Inc 13,279,932 4.90 2.30
2025-04-03 13D ANGI / Angi Inc. Diller Barry 3,358,202 6.80
2025-04-02 13D/A STGW / Stagwell Inc. Penn Mark Jeffery 153,954,662 57.90
2025-04-02 13D/A FLNT / Fluent, Inc. Frost Phillip Md Et Al 4,912,926 23.70 29.11
2025-04-01 13D/A ANGI / Angi Inc. IAC/InterActiveCorp 0 0.00 -100.00
2025-03-12 13D/A NCMI / National CineMedia, Inc. Mubashir Mukadam 27,144,639 28.50
2025-03-10 13D/A ANGI / Angi Inc. IAC/InterActiveCorp 420,802,335 83.90 0.29
2025-02-06 13D/A GRPN / Groupon, Inc. Pale Fire Capital SICAV a.s. 13,688,831 32.00
2025-01-22 13D/A FLNT / Fluent, Inc. Global Value Investment Corp. 3,075,788 14.97 0.91
2025-01-15 13D/A ANGI / Angi Inc. IAC/InterActiveCorp 419,598,827 85.20 -1.18
2024-12-04 13D/A CCO / Clear Channel Outdoor Holdings, Inc. Legion Partners Asset Management, LLC 26,065,037 5.30 0.36
2024-12-03 13D/A FLNT / Fluent, Inc. Global Value Investment Corp. 3,047,924 14.83 207.27
2024-11-22 13D/A DRCT / Direct Digital Holdings, Inc. Direct Digital Holdings, Inc. 11,129,650 75.90
2024-11-20 13D/A NCMI / National CineMedia, Inc. Blantyre Capital Ltd 26,664,349 28.10 0.00
2024-11-12 13D/A ANGI / Angi Inc. IAC/InterActiveCorp 424,607,427 85.40 0.02
2024-11-04 13D/A CCO / Clear Channel Outdoor Holdings, Inc. Moreno Arturo R 51,932,534 10.60 10.93
2024-11-01 13D/A GRPN / Groupon, Inc. Barta Jan 13,251,331 31.30 7.07
2024-09-30 13D/A CCO / Clear Channel Outdoor Holdings, Inc. Legion Partners Asset Management, LLC 25,972,792 5.30 0.14
2024-09-24 13D/A CRTO / Criteo S.A. - Depositary Receipt (Common Stock) Petrus Advisers Ltd. 2,113,117 3.77 -60.32
2024-09-19 13D/A CRTO / Criteo S.A. - Depositary Receipt (Common Stock) Petrus Advisers Ltd. 5,325,512 9.51 24.53
2024-09-10 13D/A IZEA / IZEA Worldwide, Inc. GP Investments, Ltd. 3,002,036 18.20 0.00
2024-09-10 13D/A CRTO / Criteo S.A. - Depositary Receipt (Common Stock) Petrus Advisers Ltd. 4,276,361 7.64 15.95
2024-08-26 13D/A FLNT / Fluent, Inc. Frost Phillip Md Et Al 3,805,165 22.50 1.78
2024-08-23 13D/A FLNT / Fluent, Inc. Schulke Ryan 3,684,090 21.52 7.28
2024-08-23 13D/A FLNT / Fluent, Inc. Conlin Matthew 2,339,713 13.60 61.93
2024-08-22 13D/A MOBQ / Mobiquity Technologies, Inc. Salkind Gene 8,805,239 53.10 9.13
2024-08-20 13D/A CRTO / Criteo S.A. - Depositary Receipt (Common Stock) Petrus Advisers Ltd. 3,688,158 6.59 -17.00
2024-07-22 13D/A FLNT / Fluent, Inc. Schulke Ryan 3,434,090 21.14 103.49
2024-07-11 13D/A CRTO / Criteo S.A. - Depositary Receipt (Common Stock) Petrus Advisers Ltd. 4,443,818 7.84 -14.44
2024-06-17 13D/A STGW / Stagwell Inc. Goldman Sachs Group Inc 12,981,022 11.40 -22.99
2024-06-07 13D/A PSQH / PSQ Holdings, Inc. Ayers James Nicholas 1,245,999 4.40 0.00
2024-06-07 13D/A FLNT / Fluent, Inc. Global Value Investment Corp. 991,934 7.26
2024-05-29 13D/A CRTO / Criteo S.A. - Depositary Receipt (Common Stock) Petrus Advisers Ltd. 5,193,979 9.16 -10.56
2024-05-20 13D/A CCO / Clear Channel Outdoor Holdings, Inc. Moreno Arturo R 46,815,236 9.60 42.19
2024-05-20 13D/A FLNT / Fluent, Inc. Frost Phillip Md Et Al 3,738,498 26.20 -80.20
2024-05-17 13D IZEA / IZEA Worldwide, Inc. GP Investments, Ltd. 3,002,036 18.40 0.00
2024-05-16 13D/A FLNT / Fluent, Inc. Conlin Matthew 1,444,913 10.58 -81.20