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Ryan Seacrest and Clear Channel Sign Multi-Year PartnershipDec 03, 2010 (Close-Up Media via COMTEX) -- CC Media Holdings and the Clear Channel Radio division of its subsidiary, Clear Channel Communications, and Ryan Seacrest Enterprises announced they have entered into a new and expanded multi-year partnership agreement under which Ryan Seacrest will continue in his current role as producer and host of three radio programs broadcast in Los Angeles and New York, which are also syndicated for national and international distribution. Additionally, Seacrest will create and deliver new content for distribution through Clear Channel's traditional and digital radio platforms on both a local market and national basis, as well as serve as a spokesperson for Clear Channel. Under the new agreement, Seacrest and Clear Channel will also create joint ventures to develop and promote new musical artists and other multi-platform media projects. The three-year agreement builds on and expands the relationship first established between Seacrest and Clear Channel in 2004 when Seacrest assumed hosting duties for American Top 40, syndicated by Clear Channel's Premiere Radio Networks, and also began morning hosting duties for Clear Channel's KIIS-FM morning show in Los Angeles. Taken together, and supported by Seacrest's extraordinary popularity and Clear Channel's national and local market radio brands, the new agreement creates a dynamic media and entertainment platform with reach and penetration capabilities across a range of demographics and media outlets. Financial terms of the agreement were not disclosed. "Everyone at Clear Channel is thrilled to renew and expand our partnership with Ryan, who is not only a top radio and television personality but also a true visionary who has firmly established himself as America's leading curator of popular culture," said Robert Pittman, Clear Channel's Chairman of Media and Entertainment Platforms. "Ryan is a singular talent and brings incredible assets to his partnership with Clear Channel. His likability and broad appeal are a key reason why his shows have such phenomenal reach and penetration." "Ryan exemplifies the level of talent and programming we are committed to bringing our listeners across a variety of platforms," said John Hogan, President and CEO of Clear Channel Radio. "His experience and track record as a host and a producer and his extensive industry relationships make Ryan an ideal partner for the development of new vehicles as we drive growth opportunities across all of our radio platforms, on air, online and on-site." "I believe Clear Channel's programming is only beginning to scratch the surface of what we can achieve together to connect with audiences and create opportunities for listeners and advertisers," said Ryan Seacrest. "I'm eager to work closely with Clear Channel's radio leadership to develop new concepts and content that brings the untapped potential of radio to life across a range of delivery platforms. I'm particularly looking forward to exploring and capitalizing on the exciting possibilities the digital era holds for radio." The terms of the new agreement call for Seacrest to continue as host of On Air with Ryan Seacrest, his top-rated daily radio program which airs from 5-10 a.m. PT on Clear Channel Radio's 102.7 KIIS-FM in Los Angeles, which is also tailored for the New York market on Z100. In addition, the nationally syndicated mid-day version of On Air with Ryan Seacrest will be expanded to four hours and also extends Ryan's services on the nationally and internationally distributed American Top 40, which is syndicated by Premiere Radio Networks. Further, the agreement calls for Seacrest to commit time as a spokesperson and advocate for Clear Channel, and his endorsements of Clear Channel products and services will include appearances at Clear Channel-sponsored events such as Jingle Ball and Wango Tango. Seacrest will also work closely with Clear Channel leadership to develop exclusive new radio content for national and international syndication via both traditional and digital media. A third element of the agreement creates a joint venture between Seacrest and Clear Channel aimed at developing and producing various entertainment concepts such as a record label and music publishing, a live concert series and content for television. CC Media Holdings, the parent company of Clear Channel Communications, is a global media and entertainment company specializing in mobile and on-demand entertainment and information services for local communities and opportunities for advertisers. ((Comments on this story may be sent to [email protected])) |