The company purchased the second 'clear channel' AM station WOAI in 1975. History Ĭlear Channel Communications purchased its first FM station in San Antonio in 1972. The company spun off these businesses in 20 respectively, as the present-day Live Nation Entertainment and Clear Channel Outdoor. In the past, the company was also involved in live events and out-of-home advertising. The company has also been involved in internet radio and podcasting via the digital platform iHeartRadio (from which the company derives its current name). (formerly Clear Channel Broadcasting, Inc.) the company owns more than 850 full-power AM and FM radio stations in the U.S., making it the country's largest owner of radio stations. specializes in radio broadcasting, podcasting, digital and live events through division iHeartMedia (sans 'Inc.' suffix formerly Clear Channel Media and Entertainment, Clear Channel Radio, et al.) and subsidiary iHeartMedia and Entertainment, Inc. was rebranded iHeartMedia, Inc., and Clear Channel Communications, Inc., became iHeartCommunications, Inc. On September 16, 2014, CC Media Holdings, Inc. As a result of this buyout, Clear Channel Communications, Inc., began to operate as a wholly owned subsidiary of CC Media Holdings, Inc. Lee Partners through a leveraged buyout in 2008. 'Red' McCombs in 1972, and later taken private by Bain Capital and Thomas H. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. It is the holding company of iHeartCommunications, Inc. IHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas.

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