Clear Channel Part of Gaming Ads Probe
Clear Channel, Other Media Companies Issued Subpoenas As Part of Probe Into Ads by Gaming Sites
The Associated Press
SAN ANTONIO Jan. 9 — Clear Channel Communications Inc. and a number of media companies have been issued subpoenas as a part of a probe into advertising by illegal Internet gaming sites.
The San Antonio-based radio giant received the subpoena in September from federal prosecutors in St. Louis seeking information on commercial advertising aired on behalf of Web-based gambling businesses, including sports bookmaking and casino-style gaming, that are based in other countries.
Clear Channel, which said it is cooperating with federal officials, disclosed information about the subpoena in filings with the Securities and Exchange Commission.
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