Randy Michaels Is Back
Randy Michaels, the controversial former Clear Channel Radio exec, is back in the media business.
He has been named CEO of Local TV, formed by a New York private equity firm to buy nine television stations from the New York Times Co. for $575 million.
Michaels, known as one of the first shock jocks for his DJ days in Ohio (and for his alleged taste in unfortunate neckwear), is also remembered as one of the architects of radio consolidation behind Clear Channel’s acquisition of more than 1,200 radio stations in the late 1990s.
He was ousted from Clear Channel in 2002, and emerged from a non-compete agreement December 31st.