(CelebrityAccess MediaWire) — Clear Channel Communications announced that it plans to officially spin-off it’s live entertainment division, temporarily named CCE Spinco, Inc.
The new name will be selected prior to the spin-off. The new company will hold substantially all of the entertainment business of Clear Channel Communications consisting of global music, global theater, sports representation and motor sports businesses.
The spin-off announcement coincides with Clear Channel Outdoor Holdings, Inc., the outdoor advertising subsidiary of CCC, filing their IPO with the Securities and Exchange Commission today. –by CelebrityAccess Staff Writers