Ryan Seacrest Signs $60 Million Deal With Clear Channel: [ send to a friend ]
Ryan Seacrest has expanded his radio deal with Clear Channel after signing a deal worth $60 million over three years.
Seacrest, who currently hosts three radio programs for Clear Channel, hosts 'American Idol' and a daily news program on 'E!', was expected to cut back after his deal expired at the end of the year. Instead, the 35-year-old has promised to give Clear Channel more of his time, for a hefty raise.
His previous three-year deal with Clear Channel, signed in 2008, was estimated to be worth $35 million.
Seacrest has agreed to develop new radio content for syndication via both traditional and digital media, and explore the creation of a record label, music publishing business and live concert series.
He will also continue to host the daily 'On Air with Ryan Seacrest' on KIIS-FM in Los Angeles, expand his nationally syndicated afternoon show to four hours from three and host the American Top 40 chart countdown.
"Everyone at Clear Channel is thrilled to renew and expand our partnership with Ryan, who is not only a top radio and television personality but also a true visionary who has firmly established himself as America's leading curator of popular culture," says Clear Channel chairman of media and entertainment, Robert Pittman.
"His likability and broad appeal are a key reason why his shows have such phenomenal reach and penetration."