Still Need a Playstation 3 or Nintendo Wii? Best Buy and Clear Channel Radio Can Help!
Retailer Will Donate 814 Units to Online and on-Air Auctions at Clear Channel Radio Stations for the Next 12 Days 100% Of Bid Prices Benefit Toys for Teens, a Marine Toys for Tots Program
SAN ANTONIO --(Business Wire)-- Dec. 12, 2006 Clear Channel Radio (NYSE: CCU) and Best Buy (NYSE: BBY) today announced the launch of an online auction featuring this holiday's hottest videogame systems - Playstation 3s and Nintendo Wiis(1). The total bid price for each console will benefit Toys for Teens, a program of the Marine Toys for Tots Foundation.
Beginning today and running for the next twelve days, the four highest bidders during each hour of the online auction's operation will get to purchase a Playstation 3 or Nintendo Wii. More than 1,100 Clear Channel Radio local stations across the country will auction off two Playstation 3s and two Nintendo Wiis each hour for 12 hours a day, totaling 48 units per day. The online auction will run from 8:00 a.m. eastern time to 8:00 p.m. eastern time each day. In addition, 119 Clear Channel Radio stations will conduct live on-air auctions throughout the holiday season.
"Clear Channel Radio stations conduct unique and exciting programs to benefit local charitable causes all year long," said Sanda Coyle, Senior Vice President, Strategic Marketing for Clear Channel Radio. "But this holiday season, our stations are using the one-two punch of their on-air and online reach to help raise money for a very worthy charity and give consumers a chance to bid on this year's hottest video game consoles."
"We're pleased to partner with Clear Channel Radio to Toys for Teens. Best Buy and the Marine Toys for Tots Foundation created the Toys for Teens program six years ago to make the holidays brighter for older children too," said Paula Prahl, vice president of Public Affairs, Best Buy. "Together with our customers we've contributed $2 million to the cause so far, and this year we could substantially increase the contribution through this initiative."
"The Marine Toys for Tots Foundation launched the Toys for Teens program to help older children ages 12 through 15," said Bill Grein, VP of Marketing & Development, of the Marine Toys for Tots Foundation. "We'd like to thank Best Buy, our exclusive corporate sponsor of Toys for Teens, and Clear Channel Radio for organizing this auction."
Bidding starts at $599.99 for Playstation 3 and $249.99 for Nintendo Wii
Bidding for the Playstation 3 will start at $599.99; $249.99 for the Nintendo Wiis. Bidding will increase in minimum increments of $25 for the Playstation 3 and $10 for the Nintendo Wii. At the end of every hour of the online auction, the winning bidders will receive an email with a URL directing them to a check-out site. Auction winners will then have 48 hours to make their purchase; after that, the second highest bidder will be offered the game console.
Each winning bidder will receive a confirmation e-mail as proof of purchase, as well as tax donation information. Local distribution of game consoles will be handled by Best Buy.
Individuals interested in making cash donations to Toys for Teens may do so at BestBuy.com or at the register of their local Best Buy store.
For more information, log onto your local Clear Channel Radio station Web site and click on the online auction promo box or tune in to your favorite local Clear Channel Radio station for information on how to participate.
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About Clear Channel Radio
Clear Channel Radio is a leading radio company focused on serving local communities across the U.S. with more than 110 million listeners choosing Clear Channel Radio programming each week. The company's content can be heard on AM/FM stations, HD digital radio channels, on the Internet, via iPods, through Motorola's iRadio cell-phone service, and via mobile-navigation devices from Cobra, Garmin, Kenwood and others. The company's operations include radio broadcasting, syndication and independent media representation. Clear Channel Radio is a division of Clear Channel Communications, Inc. (NYSE:CCU), a leading global media and entertainment company. More information on the company can be found at http://www.clearchannel.com.
About Best Buy Co., Inc.
Best Buy Co., Inc. (NYSE: BBY) is an innovative Fortune 100 growth company that continually strives to create superior customer experiences. Through more than 1,100 retail stores across the United States, Canada and in China, our employees connect customers with technology and entertainment products and services that make life easier and more fun. We sell consumer electronics, home-office products, entertainment software, appliances and related services. A Minneapolis-based company, our operations include: Best Buy (BestBuy.com and BestBuy.ca), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Pacific Sales Kitchen and Bath Centers (PacificSales.com), Magnolia Audio Video (Magnoliaav.com) and Jiangsu Five Star Appliance Co. (Five-Star.cn). We support our communities through employee volunteerism and grants from The Best Buy Children's Foundation.
About Marine Toys for Tots Foundation
Marine Toys for Tots Foundation, an IRS recognized 501(C)(3) not-for-profit public charity is the fund raising, funding and support organization for the U.S. Marine Corps Reserve Toys for Tots Program. The Foundation was created at the behest of the U.S. Marine Corps and provides support in accordance with a Memorandum of Understanding with the Commander, Marine Forces Reserve, who directs the U.S. Marine Corps Reserve Toys for Tots Program. The Foundation has supported Toys for Tots since 1991.
(1) Neither Sony, nor Nintendo are endorsing, sponsoring, or are otherwise affiliated with this promotion.