What do Google (GOOG) executive Chairman, Eric Schmidt, and MTV founder, Bob Pittman, have in common?

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At Clear Channel, Bob Pittman has been named chief executive, replacing Mark Mays, who stepped down in March and remains chairman.

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AOL's Bob Pittman, 46, who once worked at Time Warner, returns as its co-chief operating officer and likely successor to Mr Levin.

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Mr Miller replaces Bob Pittman, who was ousted from that job, as well as from his post as chief operating officer at the parent media giant, last month.

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Bob Pittman has a sixth sense about brand reinvention.

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