Nov. 30, 2010 at 1:08 PM ET
Ryan Seacrest might be readily identified with "American Idol," but his radio deal with Clear Channel is going to be keeping him busy as well. According to sources who spoke to The New York Times, news that Seacrest has inked a three-year, $60 million deal with the station will be announced Tuesday.
The deal includes the daily talk show Seacrest currently hosts on KIIS-FM in Los Angeles, and also opens the door for Seacrest to create a record label, music publishing business and live concert series, according to the Times' reporting. It also secures Seacrest as host of the American Top 40 countdown.
The deal will represent a healthy raise for Seacrest. His previous three-year deal with Clear Channel, signed in 2008, was estimated to be worth $35 million.