Clear Channel TV Ceo Quits

04 January 2008

SAN ANTONIO, Texas: Clear Channel Television has parted company with president/ceo Donald Perry (pictured) who, says the company, has departed to "pursue the next phase of his ... career".

Perry (56) has led the unit for two years. Previously, he served as CCTV's evp/coo and as vp/general manager of its WOAI-TV channel.

Comments Mark Mays, head of parent company Clear Channel Communications: "Don has made significant contributions to Clear Channel, to CCTV and to the television industry during his long tenure with our company.

"He's a seasoned executive and we anticipate that his high standards and professionalism will ensure continued industry contributions."

Perry is silent about his resignation. His duties will be assumed by svp Craig Millar until a permanent replacement is recruited to head the division, which currently operates 51 TV stations across the country.

A $19 billion (€12.8bn; £9.6bn) private equity acquisition of the Clear Channel group, which includes more than 1,200 radio stations and an outdoor advertising unit, has been delayed by financial turmoil in the US credit markets.

Data sourced from Wall Street Journal Online. additional content by WARC staff