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Clear Channel Seeks ‘Emerging Companies’

With Robinson, Hogan says, the organization is chasing ‘untapped potential’

Heads up, emerging business owners: Joe Robinson might be calling.

The latest addition at Clear Channel Media & Entertainment corporate is a “veteran venture investor.” Robinson comes aboard with the title of executive vice president of strategic development, a new position. The mandate: to identify “acquisition, equity and partnership opportunities in emerging, high-growth companies.”

He’ll report to Chairman/CEO Hogan, who in the announcement refers to “untapped opportunity” in such firms.

Robinson started Halo Venture Partners, a private VC invetor in digital media, advertising and media-related tech companies; he remains managing partner. According to his bio, investments there included Spongecell.com, iWin.com and Heartbeat.com. CC said his “founding investment successes” also include Scout Media, a sports social network sold to Fox for $56 million; UGO Networks, an advertising network sold to Hearst for $80 million; and Signalray Media Consulting Group. He co-founded InterWorld Corp., an e-commerce application developer and solutions provider, which went public in the late 1990s.

CC says it aims to find technologies that will help with its distribution, digital and content offerings, plus opportunities “within other categories such as entertainment and consumer products.” It envisions Robinson working in coordination with Brian Lakamp, president of digital, and Tim Castelli, president of national sales, marketing & partnerships.

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