Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Jody Knoblich
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
jknoblich@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Radio giant breaks into TV business

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
Published:
Radio broadcasting giant Clear Channel is breaking into the TV production business. The company announced Tuesday that it is taking a minority stake in the production company of "American Idol" host Ryan Seacrest.
Ryan Seacrest Media produces "Keeping Up with the Kardashians" and "Jamie Oliver's Food Revolution."
In a separate deal, Clear Channel's majority investors, Thomas H. Lee Partners and Bain Capital, are committing a combined $300 million to work with Seacrest's company to identify, acquire and develop innovative media companies.
Clear Channel CEO Bob Pittman said the new venture will aim to break into the TV production market and use Clear Channel's massive radio network to help promote the shows. He said the same formula helped launch the Fox network in the late 1980s.
Associated Press
Story tags » RadioTelevision

MORE HBJ HEADLINES

CALENDAR

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus