Evan Harrison is changing frequencies after a career in music and digital that spans lengthy stays at *Clear Channel* Radio, where he was president of digital until March, AOL (NYSE: AOL) and BMG. Harrison’s new gig, in a move likely to surprise some: chief creative officer for out-of-home agency Van…

Bob Pittman is back in radio. Most known in recent years for his role as an investor following stints as the head of MTV Networks (NYSE: VIA) and COO of AOL (NYSE: AOL) Time Warner (NYSE: TWX), Pittman got his start programming radio stations. Now he’s meshing all of that…

Evan Harrison, the long-time head of Clear Channel (OTCBB: CCMO) Radio’s digital operations, is leaving the company at the end of the year. Harrison had been promoted almost exactly two years ago, when he agreed to a “long-term contract” which may have expired; we’ve asked Clear Channel for more details.

Among the eight million people who have downloaded Clear Channel’s free mobile applications, the average user spends 3.5 hours listening to the streaming radio service and visits an average of four stations a week. All of that adds up to profitability for the media conglomerate’s mobile business, demonstrating that for…

A year after the $24 billion leveraged buyout of *Clear Channel Communications* by Bain Capital and THL Partners, a member of the family that founded and once controlled the broadcast giant is stepping away from daily operations. Randall Mays will give up the dual roles of president and CFO next…

No big surprise here, but Standard & Poor’s has downgraded the debt ratings on Clear Channel Communications (NYSE: CCU). It cites steep earnings declines, saying Clear Channel is in danger of violating its debt covenants during the second half of this year. As we reported recently, Clear Channel has been…

To the mounting list of media companies struggling with their balance sheets, you can now add Clear Channel (NYSE: CCU) Communications.  The Wall Street Journal reported this morning that the radio operator has tapped $1.6 billion of a $2 billion credit facility in preparation for increased debt-interest payments (related to…

While much of the focus on the media recession this past year has focused on newspapers, radio has been quietly suffering the effects of the poor economy. But the past few days have been anything but silent, as the industry was bracing for an announcement of significant cutbacks from *Clear…

This is funny, if only in a non-funny way: Perhaps Clear Channel (NYSE: CCU) Radio is concerned about Sam Zell poaching more of the company’s executives to run interactive at The Tribune Company (those poachings are always announced in zany Zell-esque releases from Tribune). The radio network has locked in…

Now owned by PE firms Bain and Thomas H. Lee, Clear Channel (NYSE: CCU)—technically CC Media Holdings—reported Q2 revenue of $1.83 billion, a 2 percent increase from $1.80 billion in the prior year. Not surprisingly, the radio business continues to drag, with revenue falling 6 percent year over year. Nine…

Clear Channel (NYSE: CCU) Radio has teamed with media sales firm Katz Media Group on what the two claim is the largest digital radio network. Dubbed the Katz Online Network, the partnership takes in 1,200 Clear Channel and Katz affiliate stations and five million listeners a week. Citing data from…

A deal was agreed to about two weeks ago, and now they’ve dotted the i’s and crossed the t’s: Clear Channel (NYSE: CCU) says its sale to two PE firms is ready to go, with $17.9 billion sitting in an escrow account held by the Bank of New York. Now…

If the recently salvaged Clear Channel (NYSE: CCU) buyout was the signature media deal of the 2006-2007 era, then the just-announced CBS (NYSE: CBS) acquisition of CNET (NSDQ: CNET) is the signature deal of 2008. And they couldn’t be more different. Clear Channel was among the last big deals of…

After two days worth of reports, Clear Channel (NYSE: CCU) confirmed late last night that it, its private equity buyers (Bain and Thomas H. Lee), and a consortium of banks funding the deal have agreed to make it happen at $36 per share or $17.9 billion. Should some choose to…

It looks like a deal has been reached in the Clear Channel (NYSE: CCU) case. The company said yesterday that there were indeed settlement talks between the buyers and the funding banks, but that there had been no agreement. Now CNBC and Reuters say they’ve agreed to a deal at…

While the effort to take Clear Channel (NYSE: CCU) private hangs in the balance, the radio network has an online expansion wave in the works—possibly including customized radio. Billboard reports that Clear Channel is negotiating with Pandora to offer its service across all of the company’s properties. “The partnership should…

Update: Clear Channel (NYSE: CCU) has responded to the report, saying settlement talks have been initiated, but that no agreement has yet been reached. The announcement doesn’t specify any price, and offers no guarantee that it will happen. Consequently, shares have pulled back from the highs of the day. Release.…

The long slog in the courts continues, but in the meantime, Clear Channel (NYSE: CCU) reported Q1 revenue of $1.6 billion, a 4 percent increase over $1.5 billion in the year-ago quarter. Excluding a sale gain and various discontinued ops, income was $94.2 million ($.19 per share), a subtle dip…

The acquisition of Clear Channel (NYSE: CCU) by two private equity firms, Thomas H. Lee and Bain Capital Partners, continues to play out in the courts. The key issue, as you’ll recall: the banks have been looking for a way out of their massive funding obligations, while THL and Bain…