Clear Channel Parent Names Pittman CEO; Could IPO Follow? |
| October 02, 2011 | October 2011 Bond Updates |
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Clear Channel parent CC Media on Sunday named MTV founder and one-time AOL chief Robert Pittman as the company's chief executive, in a move that is likely to spur speculation that the radio and billboard giant could eventually attempt to tap the equity market as a way to reduce its heavy debt burden. He replaces long-time Clear Channel CEO Mark Mays, who stepped down in May 2010. |
| View more at: http://www.forbes.com/sites/ericsavitz/2011/10/02/clear-channel-parent-names-pittman-ceo-could-ipo-follow/ |
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