Clear Channel Buys RCS

Clear Channel Buys RCS
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We can confirm that Clear Channel Radio has purchased Radio Computing Services, Inc. The sale closed Tuesday, according to Clear Channel.
The purchase price was not disclosed.
The deal includes both Media Monitors, the RCS spot monitoring company, and Florical Systems, a TV automation company RCS purchased in 2004.
In a statement, RCS President/CEO Philippe Generali confirmed the sale and said the company "would continue to super-serve the entire broadcast community worldwide."
RCS founder and inventor of Selector, Andrew Economos, is retiring but both companies said he would continue in an advisory role to RCS under a multi-year consulting agreement.
"We look forward to having additional resources for continued growth and innovative technologies for the radio industry," he stated.
The current RCS management will continue to operate the day-to-day operations, according to Clear Channel.


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