SFX Announces Name Change to Clear Channel Entertainment.Business Editors NEW YORK--(BUSINESS WIRE)--July 9, 2001 SFX SFX Special Effects SFX Self Extracting (data compression) SFX SpreadFireFox (IRC) SFX Sound Effect(s) SFX Side Effects (counter-strike gaming clan) , the world's largest producer and marketer of live entertainment, announced today that effective immediately the company is changing its name to Clear Channel Entertainment, a move that reflects the synergies between Clear Channel Entertainment and the other divisions of its parent company, Clear Channel Worldwide (NYSE NYSE See: New York Stock Exchange : CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ). "This is a natural step for the company to make, given how closely we have been working with Clear Channel Radio, Outdoor, Television, Interactive and International during the 11 months since our acquisition," said Clear Channel Entertainment Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Brian The name Brian (sometimes spelled Bryan) comes from an Irish backround. It is of Celtic origin and its meaning may be "hill" or "strong, noble, and high"[1]. Becker. "Formally adopting `Clear Channel' as part of our name will help consumers and marketers more easily identify and understand the vast array of media and entertainment products, assets and resources available throughout Clear Channel Worldwide. If they understand who and what we are, they are more likely to understand how they can be doing business with us." Mr. Becker added, "At the same time, the brand 'SFX' has come to be recognized as the undisputed leader in live entertainment production and promotion, and we will work hard to ensure we don't lose any of that equity." He continued, "Our name change to Clear Channel Entertainment is consistent with Clear Channel Worldwide's vision of building a seamless brand that represents global leadership in out-of-home advertising Out-of-home advertising (also referred to as OOH) is essentially all type of advertising that reaches the consumer while he or she is outside the home. This is in contrast to broadcast, print, or internet advertising, which may be delivered to viewers out-of-home (e.g. , be it through radio, outdoor, television or live entertainment." Editors: Please note names of Clear Channel Entertainment, its operating groups and other units going forward.
Old Name New Name
SFX Entertainment (SFX) Clear Channel Entertainment
SFX Music Group Clear Channel Entertainment
SFX Theatrical Group Clear Channel Entertainment
SFX Family Entertainment Clear Channel Entertainment
SFX Multimedia Clear Channel Entertainment
SFX Television Clear Channel Entertainment
SFX Motor Sports* Clear Channel Entertainment
SFX Sports Group* SFX Baseball, SFX Basketball
SFX Football, SFX Golf,
SFX Tennis, SFX Media
* Clear Channel Entertainment's Sports Division Sports Division was one of the biggest sports retailers in the United Kingdom during the 1990s. In 1998 it was sold to its main competitor, JJB Sports for approximately £295 Million. It was set up by Sir Tom Hunter in 1984, to sell trainers, see article about him for more information. includes the company's Motor Sports Group (formerly SFX Motor Sports), its broadcaster representation agency (SFX Media), its golf and tennis representation and event management businesses (SFX Golf and SFX Tennis), and the company's independent athlete representation agencies (SFX Baseball, SFX Basketball and SFX Football). About Clear Channel Entertainment (formerly SFX) Clear Channel Entertainment, the world's largest producer and marketer of live entertainment events, is a subsidiary of Clear Channel Worldwide (NYSE: CCU), a global leader in the out-of-home advertising industry. Clear Channel Entertainment currently owns, operates and/or exclusively books 135 live entertainment venues, including 44 amphitheaters in the U.S. and 28 venues in Europe. Each year, more than 62 million people attend approximately 26,000 events promoted and/or produced by the company, including: Live music events; Broadway, West End and touring theatrical shows; family entertainment shows; and specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. sports and motor sports shows. In addition, Clear Channel Entertainment owns leading, independently operated talent management businesses, which specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in the representation of athletes and broadcasters. Clear Channel Entertainment is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . |
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