Pittman invests in Clear Channel, joins company

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San Antonio—CC Media Holdings, owner of Clear Channel Communications, announced that Robert W. Pittman, former COO of AOL Time Warner, has made an equity investment in the company. Additionally, he will be chairman of Clear Channel’s media and entertainment platforms.

In his new role, Pittman will help Clear Channel develop an integrated digital strategy for its radio business. Pittman will maintain his current position as a founding member of Pilot Group, a private equity firm.

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