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February 1, 2012 | By Joe Flint, Los Angeles Times
Ryan Seacrest and his radio show partner Clear Channel Communications Inc. are taking their relationship to the next level. Private equity funds controlled by Clear Channel's majority owners, Thomas H. Lee Partners and Bain Capital, have committed up to $300 million to acquire and develop properties with Ryan Seacrest Media, the producer and television and radio personality's holding company. Furthermore, Clear Channel itself has taken an undisclosed minority stake in Ryan Seacrest Productions.
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ENTERTAINMENT
February 26, 2014 | By Gerrick D. Kennedy
Clear Channel Media and Entertainment is getting into the awards business. The radio conglomerate announced Wednesday that it is teaming with NBC to air its first iHeartRadio Music Awards in May. The three-hour, fan-voted show will set up at the Shrine Auditorium in Los Angeles, Clear Channel said.   No performers or a host have been revealed, but Clear Channel's telecast will “showcase this year's biggest artists and songs and feature live performances, never-before-done duets and collaborations, celebrity guest appearances and live award presentations,” according to a news release announcing the awards.
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ENTERTAINMENT
October 3, 2013 | By Gerrick D. Kennedy
Clear Channel Media and Entertainment is bringing a new music venue to the Los Angeles area, the radio conglomerate announced Thursday. The iHeartRadio Theater Los Angeles, which  will be located at the Burbank Studios in the former home of “The Tonight Show With Jay Leno,” promises “to bring fans intimate performances from top recording artists.” The 20,000-square-foot performance space will also host album release parties and, given...
ENTERTAINMENT
February 18, 2014 | By Ryan Faughnder
It's early days, but losing Rush Limbaugh to another Clear Channel station didn't seem to hurt ratings for KFI-AM (640) in January.  Numbers released Tuesday by Nielsen Audio showed little change in KFI's numbers in the first month after Clear Channel moved the conservative talk show host to KEIB-AM (1150), formerly FOR THE RECORD: Radio ratings: An article in the Feb. 19 Calendar section about January ratings for KFI-AM (640) said ratings had not been affected in the first month since Rush Limbaugh's program moved to another station.
ENTERTAINMENT
December 23, 2006 | From the Associated Press
After a backlash from listeners, Clear Channel Radio is keeping its Air America affiliate on the air in Madison, Wis., instead of switching the progressive talk format to sports on Jan. 1. The planned change to Fox Sports Radio, announced three days after the Nov. 7 election, had sparked outrage in Madison, a city long known for its liberal activism. Clear Channel said the station, WXXM-FM, had struggled to attract advertisers despite high ratings.
ENTERTAINMENT
December 7, 2004 | From Associated Press
Clear Channel Communications Inc., the nation's largest radio station operator, has picked Fox News Radio to be the primary source of national news for most of its news and talk stations, officials announced Monday. The five-year agreement initially covers more than 100 radio stations. Fox will provide a five-minute top-of-the-hour newscast, a nightly news broadcast and round-the-clock national news coverage.
BUSINESS
March 21, 2002 | Jeff Leeds
A New York congressman asked the Justice Department to examine allegations that entertainment giant Clear Channel Communications is undercutting a major rival in the concert industry. Rep. Anthony D. Weiner (D-New York), a member of the House Judiciary Committee, urged antitrust officials to examine the recent sale of New York promotion firm Metropolitan Entertainment to veteran concert executive Mitch Slater.
BUSINESS
February 14, 2001 | From Associated Press
Clear Channel Communications Inc. beat Wall Street's expectations for fourth-quarter cash flow. But the largest U.S. radio broadcaster said Tuesday that its net loss widened due to costs related to acquiring broadcasting rival AMFM Inc. and promotions company SFX Entertainment Inc. Its net loss grew to $192 million, 33 cents per share, from a loss of $22.8 million, or 7 cents per share in late 1999. San Antonio-based Clear Channel said its after-tax cash flow jumped to $479.
BUSINESS
September 26, 2007 | From the Associated Press
san antonio -- It took just about three weeks for the nation's biggest radio station operator, Clear Channel Communications Inc., to accept a buyout offer after announcing last fall that it was considering "strategic alternatives." It took 10 months longer for shareholders to OK the deal. On Tuesday, they approved a $19.5-billion buyout offer from a private equity group led by Thomas H. Lee Partners and Bain Capital Partners.
ENTERTAINMENT
February 9, 2005 | From Associated Press
In a deal that could pave the way for two new major shows to come to Las Vegas, Clear Channel Entertainment is teaming up with the Aladdin to manage the hotel-casino's theater and a planned showroom. The agreement gives Clear Channel Entertainment, one of the world's leading producers of live entertainment, a sizable venue in which to lure top-notch performers, headliners and possibly a Broadway show. The company has a deal to bring "Phantom of the Opera" to another Strip resort in 2006.
ENTERTAINMENT
December 5, 2013 | By Ryan Faughnder
Rush Limbaugh's radio tirades will have a new home on Los Angeles airwaves next year. KFI-AM (640) is losing the conservative host's three-hour show, long a fixture on the station, to KTLK-AM (1150), which owner Clear Channel is hoping to pump up as an outlet exclusively dedicated to right-leaning chatter.   The company, which also owns KFI, will use Limbaugh's audience to anchor the new lineup for KTLK, which is being dubbed "The Patriot" and will also feature national shows by Glenn Beck and Sean Hannity.  PHOTOS: Celebrities by The Times Clear Channel is making similar changes in San Francisco, where Limbaugh will leave its KKSF-AM (910)
CALIFORNIA | LOCAL
December 2, 2013 | By Dan Weikel
A lucrative media services contract that became embroiled in conflict-of-interest allegations was approved Monday for Los Angeles International Airport. The Board of Airport Commissioners awarded the contract to a joint venture involving JCDecaux Airport Inc., Airport Sponsorships and Time Warner. The companies will manage indoor advertising, sponsorships and other media opportunities for the new Tom Bradley International Terminal as well as other facilities at LAX, the nation's third-busiest airport.
BUSINESS
October 25, 2013 | By Ryan Faughnder
Bob Pittman was best known as the co-founder of MTV and chief operating officer of America Online Inc. - and later AOL Time Warner - before becoming Chairman and chief executive of Clear Channel in 2011. Clear Channel, an outdoor advertising giant and the nation's biggest radio company, operates 850 radio stations in the U.S. and the iHeartRadio online music streaming service, and also produces live events such as the iHeartRadio Music Festival. The company officially opened its new iHeartRadio Theater on Tuesday night with a performance by Katy Perry, celebrating the release of her album "Prism.
ENTERTAINMENT
October 23, 2013 | By Gerrick D. Kennedy
Katy Perry debuted her latest album, “Prism,” with an album release party where she performed stripped down versions of new material and sat for an interview with TV personality Mario Lopez. Album release parties are typically a private affair -- reserved for tastemakers, record label suits, press and occasionally superfans -- with the actual music taking a back seat to open bars, gourmet hors d'oeuvres and shoulder rubbing. And while Perry's celebration Tuesday night certainly had some of those trappings, the singer smartly made her party double as the ultimate promo vehicle.
ENTERTAINMENT
September 20, 2013 | By Mikael Wood
LAS VEGAS -- "The Super Bowl of music. " That's how Clear Channel Communications executive Tom Poleman described the iHeartRadio Music Festival that his employer is putting on this weekend in Las Vegas. And judging by the number of A-list acts due to perform Friday and Saturday nights at the MGM Grand Garden Arena, he's not overstating it by much. Radio-staple hit makers such as Justin Timberlake, Katy Perry, Bruno Mars, Keith Urban, Drake, Tim McGraw and Maroon 5 are all slated to appear, along with a handful of British rock legends in Paul McCartney, Elton John and Queen (with lead vocals by Adam Lambert)
ENTERTAINMENT
September 12, 2013 | By Ryan Faughnder
Clear Channel Media & Entertainment and Warner Music Group Corp., the world's third-largest record label, have entered a partnership that will let Warner promote music through the radio giant and take in revenue from terrestrial radio. The companies said Thursday that Warner will share in revenue from all of Clear Channel's platforms, including its 850 traditional radio stations and its Internet music service iHeartRadio . Financial details were not disclosed. Traditional AM and FM radio stations currently are not required to pay performance royalties, and record labels, including Warner, and artists are pushing for the U.S. government to establish a performance right that would allow labels and artists to make money from plays of songs on AM and FM stations.
BUSINESS
October 25, 2013 | By Ryan Faughnder
Bob Pittman was best known as the co-founder of MTV and chief operating officer of America Online Inc. - and later AOL Time Warner - before becoming Chairman and chief executive of Clear Channel in 2011. Clear Channel, an outdoor advertising giant and the nation's biggest radio company, operates 850 radio stations in the U.S. and the iHeartRadio online music streaming service, and also produces live events such as the iHeartRadio Music Festival. The company officially opened its new iHeartRadio Theater on Tuesday night with a performance by Katy Perry, celebrating the release of her album "Prism.
BUSINESS
January 17, 2012 | By Joe Flint, Los Angeles Times
Looking to expand its foothold beyond the AM-FM dial, radio giant Clear Channel has tapped entertainment industry veteran John Sykes to lead a push into television, digital and live events. Clear Channel, the nation's biggest owner of stations with 850 outlets across the country including KIIS-FM, KOST-FM and KBIG-FM in Los Angeles, wants to leverage its strength in radio across a wide range of platforms. "We can use that horsepower to create new products," said Bob Pittman, chief executive of Clear Channel parent company CC Media Holdings Inc. The hiring of Sykes is the first major move by Pittman since becoming chief executive of CC Media last November.
CALIFORNIA | LOCAL
August 17, 2013 | By Dan Weikel
Los Angeles officials will consider throwing out all bids submitted for a lucrative media contract at LAX because of conflict of interest allegations involving a former airport commission president whose firm is vying for the work. The possibility of canceling the bids and starting over stems from a formal protest by Clear Channel Airports, which brought the accusations against Alan Rothenberg, a prominent investment banker and chairman of Premier Partnerships. Rothenberg's company has joined JC Decaux Airport Inc. and Time Warner in a bid to handle indoor advertising, sponsorships and other media opportunities to promote Los Angeles International Airport, the nation's third-busiest.
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