Bain Capital Betting On Ryan Seacrest To Pluck Another Sex Tape Star From Obscurity

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Ryan Seacrest, the radio and TV producer and host of “American Idol,” garnered a commitment for as much as $300 million from Thomas H. Lee Partners LP and Bain Capital LLC to fund media ventures. The private-equity investors will provide capital to Ryan Seacrest Media to buy and develop companies, content and other properties, according to a statement today. Clear Channel Communications, the radio broadcaster controlled by the investors, will also participate...The accord deepens the ties between the private-equity groups and Seacrest, who hosts nationally syndicated radio shows carried by San Antonio-based Clear Channel, the largest U.S. radio broadcaster. Ryan Seacrest Productions makes “Keeping Up with the Kardashians,” the highest-rated show on the E! cable TV network, as well as spinoff programs. [Bloomberg]

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