Clear Channel Takes Stake In Ryan Seacrest Productions

Clear Channel Takes Stake In Ryan Seacrest Productions

Clear Channel Takes Stake In Ryan Seacrest Productions
Radio conglomerate Clear Channel has acquired a minority stake in Ryan Seacrest Productions, the production company founded by television/radio personality Ryan Seacrest. While financial terms of the deal were not disclosed, the entities will collaborate on the production and distribution of scripted and unscripted TV programming, in addition to other entertainment-related content. Clear Channel majority investors Thomas Lee Partners and Bain Capital have committed up to $300 million for Seacrest's company for the acquisition and development of media companies, content and properties. (1/31)


Shakira Receives French Honor
On Jan. 29 GRAMMY- and Latin GRAMMY-winning artist Shakira received France's Chevalier de L'ordre des Arts et des Lettres, a medal honoring individuals for their notable contributions to the arts worldwide. Shakira received the medal from France's Culture Minister Frédéric Mitterand prior to the NRJ Music Awards in Cannes. Past recipients include poet T.S. Eliot, recording artist Kylie Minogue, and actors George Clooney and Clint Eastwood. (1/31)

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