Bob Pittman Elevated to CEO of CC Media Holdings

October 03 00:00 2011

New York, October 3 (RainbowNewsLine.com) – In less than a year after he joined CC Media Holdings as an investor and chairman of media and entertainment platforms, Bob Pittman has been elevated to the rank of CEO of the company behind the Clear Channel radio business and Clear Channel Outdoor, through an announcement Sunday.

Pittman will oversee the company’s global media properties, including the radio group, digital and mobile syndication, media representation and outdoor. He will, however, remain a member of the private New York investment firm, Pilot Group. He will also become the executive chairman of Clear Channel Outdoor and join the board of CC Media Holdings and Clear Channel Communications.

Pittman has been lauded by Mark Mays, chairman of Clear Channel Media Holding and CEO until dropping that title this year, who said that Pittman “has been an invaluable contributor to Clear Channel Radio since last November, and he is the perfect person to take Clear Channel to the next level.”

Scott Sperling, co-president of Thomas H. Lee Partners, one of the private equity owners of the company, said “He has already generated a renewed sense of confidence and direction not only at Clear Channel, but across the entire radio and media landscape.”

Pittman said that he knew first-hand that the company had great people and the required assets to enable them to do great things.

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