Clear Channel Communications parent CC Media Holdings has upped Bob Pittman to chief executive overseeing the company’s global radio and outdoor properties.
Pittman, the former chief operating officer of AOL Time Warner and co- founder of investment company Pilot Group, joined Clear Channel a year ago as an investor and chairman of media and entertainment platforms.
He will join the Board of CC Media and Clear Channel Communications.
He will also join the board of Clear Channel Outdoor Holdings as executive chairman. The appointments are effective immediately, the company announced on Sunday.
Pittman’s expanded role finds him atop one of the biggest media companies in the nation. The San Antonio-based radio group, which serves 150 cities with 850 stations, was taken private in a leveraged buyout by Bain Capital and Thomas H. Lee Partners in 2008. It has a major syndication presence with Premier Radio Networks and a growing digital business in iHeartMedia. Its media services group includes Total Traffic Network, Katz Media Services and RCS.
Clear Channel Outdoor is one of the world’s largest outdoor advertising companies with close to one million displays in over 40 countries.
Pittman has been CEO of MTV Networks, AOL Networks, Six Flags Theme Parks, Quantum Media, Century 21 Real Estate, and Time Warner Enterprises. He was also COO of America Online. He began his career at age 15 as a radio announcer in his native Mississippi
“On behalf of the Board of Directors, I want to express how delighted I am that Bob has accepted this position,” said Mark Mays, chairman of Clear Channel Media Holdings. “He 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. I look forward to his leadership of our company.”