Bob Pittman Elevated to CEO of CC Media Holdings

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The company behind largest U.S. radio group Clear Channel had been looking for a new CEO, and chairman Mark Mays said the former MTV, AOL and Time Warner top executive has been "an invaluable contributor."

NEW YORK -- CC Media Holdings, the company behind the Clear Channel radio business and Clear Channel Outdoor, said Sunday that it has elevated former MTV, AOL and Time Warner top executive Bob Pittman to the CEO role.

He had joined the largest U.S. radio company in November as an investor and chairman of media and entertainment platforms.

In his new role, he will oversee the company’s global media properties, including the largest U.S. radio group, digital and mobile syndication, media representation and outdoor.  

Pittman will join the board of CC Media Holdings and Clear Channel Communications and will become Clear Channel Outdoor's executive chairman. 

Pittman will also remain a member of Pilot Group, a New York private investment firm.

Mark Mays, chairman of Clear Channel Media Holdings, said about Pittman: “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.”

The company had been looking for someone to fill its CEO role since Mays last year said he was dropping the CEO title.

“Bob Pittman brings a long history as a brilliant innovator and brand builder -- from his days as a very successful radio programmer, creator of MTV and CEO of MTV Networks to his work helping to drive the phenomenal growth of AOL and his successful investments in other digital, media and technology companies," said Scott Sperling, co-president of Thomas H. Lee Partners, one of the private equity owners of the company. "He has already generated a renewed sense of confidence and direction not only at Clear Channel, but across the entire radio and media landscape.”

Said Pittman: “I know first-hand that we have great people and the assets that allow them to do great things. We are so much more than just transmitters and broadcast towers -- we leverage our local brands, personalities, strategic relationships and programming expertise to create unique experiences that forge real connections with consumers across our multiple platforms.”

Twitter: @georgszalai