The term 'OLD TELEVISION CLOWN' can be summarized by the crossword solution 'BOZO'. BOZO was a clown character created in 1946 by Alan W. Livingston for the children's record series 'BOZO the Clown'. He was later featured in a long-running television program, 'The BOZO Show', which aired from 1959 to 2001. BOZO was known for his red and white costume, oversized shoes, and bright orange hair. He was also known for his catchphrase, 'Hey, kids, what time is it? It's BOZO time!'