Just how expansive are the powers of 35-year-old mogul Ryan Seacrest becoming? According to New York Times media reporter Brooks Barnes, the pixie king of all media’s new $60 million contract extension with Clear Channel includes provisions that will give him a level of control over who advertises on his radio shows, as well as permission to squeeze in his own “marketing partners.”
Is this a conflict of interest? No more so really than AT&T handling the phones for American Idol and Seacrest getting a great minutes deal on his iPhone. Barnes has more juicy info about the new deal:
Mr. Seacrest will also create a joint venture with the company to explore the creation of a record label, music publishing business and live concert series, according to the people with knowledge of its details, who spoke on the condition of anonymity.
Seacrest has always professed his admiration for Dick Clark, but unlike his role model, every day is basically New Year’s Eve for this guy. By way of the new contract, Seacrest’s daily radio and TV face time is astonishing: five hours of FM time in the morning; a mirrored, syndicated four hours in the afternoon; a one-hour daily news rote on E!; and of course, additional rotation when American Idol is in session, his Top 40 countdown is airing and an awards show is happening.
It’s almost too much to process, as appears to have been the case over at Lacey Rose’s “Moneywood” blog at Forbes. For the past hour, clicking on her item about the new $60 million man brings up a blank page.