Digital Offers Opportunities for Radio: Bob Pittman

Monday, 15 Nov 2010 | 2:54 PM ET

Internet entrepreneur Bob Pittman has gone back to his radio roots in a new venture with Clear Channel, in which he will help extend radio brands, such as Z100 and Kiss FM, on the Internet and for mobile devices.

Bob Pittman on Clear Channel Radio Gig
Media veteran Bob Pittman returns to radio as the head of Clear Channel Radio, the largest radio group in the US with 850 stations. He discusses the new gig with CNBC.

“Radio ‘listenership’ is not declining,” said Pittman, who is chairman of Clear Channel Media & Entertainment Platforms. Pittman started out as a radio DJ at age 15 to help pay for flying lessons.

“Digital is an opportunity for growth, not a threat,” he added.

Clear Channel owns 850 radio stations, reaching 95 million listeners a week in local markets across the country, Pittman told CNBC Monday.

Pittman, a founding member of the private equity firm the Pilot Group, is a former CEO of MTV Networks and AOL Networks and ex-COO of AOL Time Warner.

Time Warner spun off AOL as a separate company in December 2009.

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