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Clear Channel Communications

Clear Channel Communications
Company nameCC Media Holdings, Inc.
Company typePrivate
Sloganvarious
IndustryEntertainment, Advertising
Founded1972
HeadquartersSan Antonio, Texas, U.S.
Key peopleMark Mays, CEO & President
ProductsRadio, Billboards
Revenue(+)$6.82 billion USD (2007)
Net income(+)$938.5 million USD (2007)
Owner(s)Bain Capital
Thomas H. Lee Partners
Employees18,115 full-time

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Clear Channel Communications, Inc. is an American media conglomerate company headquartered in San Antonio, Texas. It was founded in 1972 by Lowry Mays and Red McCombs, and was taken private by Bain Capital LLC and Thomas H. Lee Partners LP in a leveraged buyout in 2008. Clear Channel specializes in radio broadcasting, concert promotion and hosting, and fixed advertising in the United States through its subsidiaries. After 21 years, Mark Mays stepped down as President and CEO of Clear Channel on June 23, 2010. Mays will remain as Chairman of the Board, a position he has held for a year prior. The Board has engaged Egon Zehnder International, a leading executive search firm, to lead the search for a new CEO.

Clear Channel is the largest owner of full-power AM, FM, and shortwave radio stations and twelve radio channels on XM Satellite Radio, and is also the largest pure-play radio station owner and operator. The group was in the television business until it sold all of its TV stations to Newport Television in 2008.

The term "clear channel" comes from AM broadcasting, referring to a channel (frequency) on which only one station transmits. In U.S. and Canadian broadcasting history, "clear channel" (or class I-A) stations had exclusive rights to their frequencies throughout most of the continent at night, when AM stations travel very far due to skywave. WOAI in San Antonio, Clear Channel's flagship station, was such a station.


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