Ryan Seacrest's Co. Nets $300M From PE-Backed Clear Channel

Law360, New York (January 31, 2012, 1:11 PM EST) -- Private equity-owned radio giant Clear Channel Communications Inc. has purchased a minority stake in Ryan Seacrest Productions Inc. and will pump $300 million into the TV production company launched by the “American Idol” host, the company announced Tuesday.

Under private equity backers Thomas H. Lee Partners and Bain Capital, Clear Channel will work with RSP, which produced a trio of top-rated TV shows about the Kardashian family, to "identify, acquire and develop innovative media companies, media content and other media properties that can be leveraged to...
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