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Bob Pittman is returning to his radio roots Monday (Nov. 15), making an undisclosed personal equity investment in Clear Channel Communications and taking on the newly created position of chairman of media and entertainment platforms.
In his new role, Pittman will work with CC’s newly formed operating committee and board of directors to further develop a comprehensive, integrated digital strategy for Clear Channel Radio, the nation’s largest radio group with 850 radio stations.
Pittman will retain his current position as founding member of Pilot Group, a private equity firm.
The news comes less than three months following the exit of Evan Harrison, who helped shape the radio giant’s digital strategy.
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