By Kevin McCauley
Bob Pittman, former CEO of MTV Networks and CEO of America Online, has been named chairman/media and entertainment platforms at radio giant Clear Channel Communications. He is to spearhead the digital strategy of the San Antonio-based company.
Clear Channel CEO Mark Mays said in a statement: “With his background in music, radio and entertainment and track record of success in both traditional and digital media Bob Pittman will be a terrific ally and contributor to Clear Channel in this new role.
He will partner with John Hogan, who heads Clear Channel’s radio operations, to “amplify outreach to major advertising and marketing partners.
Pittman is taking an equity stake in the company that is owned by Bain Capital and Thomas H. Lee Partners. He retains his current position as founding member of the Pilot Group, a private equity fund
The Clear Channel radio stations reach 97M listeners per week. It attracts 12M unique monthly visitors to the stations’ websites.
Pittman began his media career at radio stations in Pittsburgh, Chicago and New York. He led the programming team that created MTV. He has also served as CEO of Six Flags Theme Parks, Century 21 and Time Warner Enterprises.`
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