He was cleared of any suspicions but was required by ABC to divest himself of record-company interests to avoid any appearance of a conflict of interest. The demand cost him $8 million, Clark once estimated. His holdings included partial ownership of Swan Records, which later released the first U.S. version of the Beatles' smash "She Loves You."
In 2004, Clark announced plans for a revamped version of "American Bandstand." The show, produced with "American Idol" creator Simon Fuller, was to feature a host other than Clark.
He was diagnosed with Type 2 diabetes in 1994 and served as spokesman for the American Association of Diabetes Educators.
Clark, twice divorced, had a son, Richard Augustus II, with first wife Barbara Mallery and two children, Duane and Cindy, with second wife Loretta Martin. He married Kari Wigton in 1977.
AP National Writers David Bauder and Hillel Italie contributed to this report.
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