Bob Pittman Extends Contract As Chairman & CEO of Clear Channel
Gail Chiasson, North American Editor
Bob Pittman, chairman and CEO of CC Media Holdings Inc., global media, digital and entertainment company, has extended his contract for an additional five-year term.
Pittman joined Clear Channel in Nov., 2010 as an investor and the company’s chairman of Media and Entertainment Platforms, became the CEO in 2011 and added the chairman responsibilities in 2013.
“I initially took on this role because of the one-of-a-kind assets at Clear Channel, with greater reach than any other media company in America, and its people, who have both the creativity and the drive to reinvent the company,” says Pittman.
“The opportunity was irresistible – and it’s been validated by the success of the iHeartRadio digital service, which reached 20 million registered users faster than any service in the history of the Internet – as well as the transformation of Clear Channel Outdoor to a true media company that connects brands to consumers in increasingly innovative ways, from digital boards to interactive bus shelters to virtual stores connected by mobile devices. The progress we’ve made in the last two years has exceeded my expectations and I’m excited to commit to another five years with this amazing team of dedicated innovators.”
The company also announced John Hogan, chairman and CEO of Clear Channel Media and Entertainment, is retiring. In recognition of his many contributions to Clear Channel, Hogan has been awarded the title of chairman emeritus of Clear Channel Media and Entertainment.
Clear Channel Media and Entertainment will now report directly to Pittman and Rich Bressler, Clear Channel’s president and CFO. William Eccleshare continues as CEO of Clear Channel Outdoor and reports to Pittman.