Ryan Seacrest To Sign $60 Million Radio Deal With Clear Channel Communications
Posted on Tue Nov 30, 2010 07:44 AM PDT

seacrests200.jpgLOS ANGELES, California (X17online) - Clear Channel Communications is preparing to announce a three year $60 million deal with American Idol and E! Entertainment host Ryan Seacrest Tuesday, according to reports.

This is a significant raise for Secrest, whose 2008 three-year deal with Clear Channel was worth approximately $35 million.

Fortunalty the new deal will not effect Seacrest's hosting gigs for Idol, KIIS-FM in Los Angeles, and E!. He will also remain a producer on his wildly successful reality show, Keeping Up With the Kardashians.

In the new agreement with Clear Channel, Seacrest will take over as host of the American Top 40 chart countdown, and he will develop new radio content for syndication through traditional, and digital media. He is also expected to create a joint venture with the company to potentially create a new record label, music publishing business, and a live concert series.

A spokesperson for Ryan Seacrest and Clear Channel declined to comment.