Exclusive: Seacrest looking at Dick Clark Productions: sources

Fri Jun 15, 2012 12:46pm EDT
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By Ronald Grover and Lisa Richwine

LOS ANGELES (Reuters) - "American Idol" host Ryan Seacrest is considering a bid to buy Dick Clark Productions, the company founded by the late TV icon and Seacrest's mentor, people with knowledge of the matter said.

Ryan Seacrest Media is among the potential bidders who have requested information from Raine Group, which was retained by Dick Clark Productions to run a possible sale.

A Seacrest spokeswoman had no comment.

Seacrest, 37, is building a media empire through his own production company. Aside from "Idol," he hosts a morning radio show, produces "Keeping Up with the Kardashians" for the E! cable TV network and will contribute to NBC's "Today" show and summer Olympics coverage.

In January, Thomas H. Lee Partners and Bain Capital, which control Clear Channel Communications, announced a $300 million commitment to acquire and develop properties with Seacrest's company. Clear Channel also took a minority stake in Seacrest's company.

DCP retained Raine after a judge in April ruled in favor of the company's deal to keep the Golden Globe Awards that it produces on NBC through 2018.

The Hollywood Foreign Press Association, the group that gives out the TV and film awards, had argued that it should have been consulted before the deal was made.

In addition to the Golden Globes, Dick Clark Productions produces other awards shows, including the American Music Awards, dancing competition "So You Think You Can Dance" and "Dick Clark's New Year's Rockin' Eve."   Continued...

Host Ryan Seacrest presides over the 11th season finale of "American Idol" in Los Angeles, California, May 23, 2012. REUTERS/Mario Anzuoni