John Hogan is “retiring” from Clear Channel, which was already in the rumor mill.
Hogan goes back to the Jacor days and is a solid radio guy. He was running the radio part of Clear Channel after the company was “taken private” in 2008/9
Bob Pittman was a child prodigy in radio in his 20s, but moved on to Century 21, MTV and AOL. With Hogan not being replaced, Pittman has a free hand to turn Clear Channel into his vision, which is generally not just a radio company.
So they gave Hogan a golden parachute and a shove. Pittman will “save” radio? Clear Channel seems to be on a path to destruction – what do you see Pittman doing to make Clear Channel profitable?
Big parties!