Media Industry
Industry: Email Alert RSS FeedAs AMFM Inc. and Clear Channel Communications Inc. ready their merger, AMFM Vice Chairman and Radio Group President James E. de Castro has retired.(Brief Article)
Broadcasting & Cable, February, 2000
As AMFM Inc. and Clear Channel Communications Inc. ready their merger, AMFM Vice Chairman and Radio Group President James E. de Castro has retired. De Castro, who is widely respected by his peers in the radio business, stepped down last Friday. "AMFM would not enjoy the success and stature it does today were it not for Jimmy," AMFM Chairman Thomas 0.
Hicks said in a statement. De Castro, 47, did not announce his plans, but he reportedly is interested in an Internet start-up. He did not return a telephone call seeking comment. AMFM Radio COO Kenneth J. O'Keefe will take on de Castro's radio responsibilities. Clear Channel and AMFM expect to finalize their $23.5 billion merger in the second half of this year. Once that is accomplished, it is assumed that Clear...
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