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| [January 13, 2012] |
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Clear Channel Radio is Rebranded as Clear Channel Media and Entertainment
NEW YORK --(Business Wire)--
Clear Channel (News - Alert) Radio, the leading media company in America with a greater
reach in the U.S. than any other radio or television outlet, today
announced it has changed its name to Clear Channel Media
and Entertainment to better reflect the evolution of its business.
The core of Clear Channel's business will remain its more than 85O radio
stations, but the new brand more clearly signals its successful
expansion into new areas. Clear Channel Media and Entertainment delivers
music, news, talk, sports and other content to diverse audiences across
multiple platforms, including: broadcast stations; online, via
iHeartRadio and on its stations' hundreds of websites; HD digital radio
channels; satellite; smartphones; iPads and other tablets; in-vehicle
entertainment and navigation systems; and via live events.
"Over the last few years, I've watched as Clear Channel Radio has pushed
beyond the traditional boundaries of radio to reach more Americans every
month than any other media company through an unmatched combination of
broadcast, satellite, online and mobile assets," said Bob Pittman, CEO
of Clear Channel. "Under John Hogan's (News - Alert) continued strong leadership, the
new Clear Channel Media and Entertainment brand underscores that we are
taking our brands and content wherever our listeners expect to find it.
And, in the future, as new places emerge where people want to access our
powerful brands and content, we'll be there, too."
"Radio is both our history and the foundation upon which we will grow
our company moving forward. That will not change," said John Hogan, CEO
of Clear Channel Media and Entertainment. "Clear Channel Media and
Entertainment represents our evolution as we prove our relationship with
our listeners is so much more than just our transmitters and towers. We
will continue to serve our increasingly diverse audiences and local
communities with the best content - music, news, emergency information,
and public service - wherever they expect it, while supporting
advertisers, strategic partners, music labels and artists with creative,
multi-platform marketing opportunities that reach, activate and engage
target audiences like no one else."
Clear Channel Media and Entertainment also leverages its multi-platform
assets - as well as its vast infrastructure and relationships - to
create special events, one-of-a-kind national and local promotions and
new, innovative technologies and products.
In September, the company drew upon all its resources to host the
biggest live concert event in radio history - the two-day iHeartRadio
Music Festival. The promotion of the Festival alone reached over 100
million people using Clear Channel Media and Entertainment's platform.
The concert celebrated the launch of the New iHeartRadio, which
reinvented the digital radio experience by offering access to more than
800 of the nation's most popular live broadcast and digital-only radio
stations, plus user-created Custom Stations, with unprecedented social
media integration.
The new Clear Channel Media and Entertainment brand also signals the
wide range of services that it provides to the radio, media, online,
mobile and music industries through its other divisions, including:
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Premiere Radio Networks, the content creation and distribution
company serving close to 5,000 stations with top-rated programming
like Ryan Seacrest, Rush Limbaugh, Delilah and more than 70 other
brands and products;
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Total Traffic Network, the groundbreaking programming and
technology service that delivers the highest quality broadcast traffic
reports and real-time traffic data to vehicles via in-car and portable
navigation systems, broadcast media, wireless and Internet-based
services to thousands of Clear Channel and non-Clear Channel radio and
television stations across America;
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The Katz Media Group, the leading media sales representation
firm in the U.S. for radio and television stations; and
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RCS, which provides scheduling and broadcast software for
radio, Internet and television stations in addition to research that
aids the media and music businesses.
About Clear Channel Media and Entertainment
With 238 million monthly listeners in the U.S., Clear Channel Media and
Entertainment has the largest reach of any radio or television outlet in
America. Clear Channel Media and Entertainment serves 150 cities through
850 owned radio stations. The company's radio stations and content can
be heard on AM/FM stations, HD digital radio channels, Sirius/XM
satellite, on the Internet at iHeartRadio.com
and on the company's radio station websites, on the iHeartRadio mobile
application on iPads and smartphones, and used via navigation systems
from TomTom (News - Alert), Garmin and others.
The company's operations include radio broadcasting, online and mobile
services and products, syndication, music research services and
independent media representation. Clear Channel Media and Entertainment
is a division of CC Media Holdings, Inc. (OTCBB: CCMO), a leading global
media and entertainment company. More information on the company can be
found at clearchannel.com,
clearchanneloutdoor.com
and ccmediaholdings.com.
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