Clear Channel Hopes To Boost Its Ailing Concert Business

When Clear Channel Communications Inc. dropped $4.5 billion five years ago for SFX, the giant concert promoter, the idea was to boost growth in fast-growing entertainment while the company’s core radio audience matured. Instead, the once-promising acquisition has become Clear Channel’s problem child, with consumers expressing dismay — and staying away — because of high ticket prices and poor service.” Now the company hopes it has found its turn-around artist…