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Ryan Seacrest has reportedly inked a $60 million (£38.5m) contract with Clear Channel Communications.



According to the New York Times, Seacrest will develop new content, including web projects, under the new deal with the radio broadcasting giant.

The deal would also allow the American Idol host to develop potential TV and music projects.

"Everyone at Clear Channel is thrilled to renew and expand our partnership with Ryan, who is not only a top radio and television personality but also a true visionary who has firmly established himself as America's leading curator of popular culture," said Clear Channel executive Robert Pittman.

Pittman added: "His likability and broad appeal are a key reason why his shows have such phenomenal reach and penetration."

Seacrest said of the deal: "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."

The 35-year-old will continue to host his daily radio show On Air With Ryan Seacrest on Los Angeles station KIIS-FM.