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Vegas Centennial Committe Gives Finger to Clear Channel

By Chuckmonster on Saturday, 14th January 2006 11:54am
  » filed under Las Vegas  comments: 2

   

The Las Vegas Centennial folks have said Hell(dorado) No to Clear Channel. Las Vegas Centennial promoter Clear Channel will not get any money back from the Centennial Committee.

The company paid $2.3 million, plus put on a July 2 Red Hot Chili Peppers Concert, to be the exclusive promoter of the centennial, which gave the company the rights to revenue from other sponsorships and merchandise.But when projected profits did not materialize, Clear Channel asked the centennial folks to reimburse it about $620,000.

"They clearly over-projected what they could bring in in merchandising and sponsorships," said Betsy Fretwell, a Las Vegas deputy city manager assigned to work with the centennial group. On Monday, the committee members refused the request, saying that Clear Channel needed to abide by the contract to which both sides agreed.



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Screw Clear Channel, they're the main reason why I got satellite radio in the first place. Corporate radio sucks!

"BalOOOOOn Knot" - George Takei



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