John Hogan Retires From CCM+E, Pittman Re-Ups

John Hoagan

CC Media Holdings, Inc. announced today that Chairman and CEO Bob Pittman has extended his contract for an additional 5-year term.

Pittman joined Clear Channel in November 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”

A press release stated under Pittman and his team, Clear Channel has begun to leverage its position as the nation’s leading media company by reach to build new brands, products and platforms as well as new opportunities for marketing partners across all platforms. Today the company has a leadership position in radio, outdoor, digital and social, as well as in events nationally and locally with an emerging position in video and TV.

“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,” said 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.”

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The company also announced today that 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. Hogan joined Clear Channel in 1999 when the Company acquired Jacor Communications, where he was Senior Vice President of Radio. He was named Chief Operating Officer of Clear Channel Radio two years later, and became President and CEO of Clear Channel Radio in 2002. He was named as Chairman and CEO of Clear Channel Media and Entertainment in February 2012.

Bob Pittman

Clear Channel Media and Entertainment will now report directly into Pittman and Clear Channel’s President and Chief Financial Officer, Rich Bressler. William Eccleshare continues as CEO of Clear Channel Outdoor and reports to Bob Pittman.

“John Hogan has made tremendous contributions to Clear Channel during his tenure – particularly during the unprecedented economic headwinds our country, our industry and our company, faced in 2008 and 2009,” said Pittman. “He has been an excellent partner for me and for Clear Channel’s leadership as we have evolved into the only multi-platform media company with national reach and the ability to execute locally.”

Pittman continued, “As my friend and partner in Clear Channel Media and Entertainment, John has been an important element in Clear Channel’s transformation into a multiplatform media company. There is never a perfect time to make big decisions like this, but his logic was compelling and making this change at the start of a new year made sense. We thank him for his long service and the enormous positive impact he's had on both our company and the radio industry, and we are delighted that John will remain part of the family with his title of Clear Channel Media and Entertainment Chairman emeritus.”

In 2007, Hogan was named Group Executive of the Year by Radio & Records. Hogan was named second in the "40 Most Powerful People In Radio" list made by Radio Ink for 2009.