As a result of this buyout , Clear Channel Communications began to operate as a wholly owned subsidiary of CC Media Holdings , Inc. On September 16 , 2014 , CC Media Holdings , Inc. rebranded itself iHeartMedia , Inc. Clear Channel Communications itself will become iHeartCommunications.iHeartMedia , Inc. specializes in radio broadcasting through division iHeartMedia ( formerly Clear Channel Media and Entertainment ) and subsidiary Clear Channel Broadcasting , Inc. ; the company also specializes in outdoor advertising through subsidiary Clear Channel Outdoor Holdings , Inc. Clear Channel currently owns 850 full-power AM and FM radio stations in the U.S. , making it the nation 's largest owner of such properties .
Clear Channel Media used to be part of iHeartMedia .