If you didn’t already know that Dunwoody High School graduate Ryan Seacrest is far more than just an “American Idol” host, here’s the proof:
Clear Channel Media today announced it was becoming a minority partner in Ryan Seacrest Media, infusing up to $300 million into his business through its two major investors, Thomas H. Lee Partners and Bain Capital. That money will buy and develop companies, content and other properties.
Ryan Seacrest Media, in TV production, has had one big home run: the successful Kardashian shows on E! He also helps put together the New Year’s show with Dick Clark. Other less successful ventures include ABC’s “Jamie Oliver’s Food Revolution” and E!’s “Denise Richards: It’s Complicated.” Two new shows are forthcoming: “Melissa and Tye: A New Reality” for CMT and Bravo’s “Shahs of Sunset.”
Seacrest already has deep ties with Clear Channel, which is dominant