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Ryan Seacrest
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Seacrest signs multimillion-dollar media deal


"American Idol" host Ryan Seacrest is expanding his media empire: He's signed a deal to develop TV content, a record label and concert series with a major media conglomerate.

The radio host turned TV personality has expanded his contract with Clear Channel Communications by three years, adding to his growing list of ventures.

Bing: Seacrest's media empire

As part of the multimedia deal, the star will continue to host the daily radio show "On Air With Ryan Seacrest" on KIIS-FM in Los Angeles and host the "American Top 40" chart countdown, as well as serve as an advocate for Clear Channel.

Financial details have not been disclosed, but the New York Times reports the deal is worth a staggering $60 million.

Confirming the news, Seacrest, 35, says, "Clear Channel's programming is only beginning to scratch the surface of what we can achieve together to connect with audiences and create innovative and compelling opportunities for listeners and advertisers."

He vowed to help bring "the untapped potential of radio to life across a range of delivery platforms."