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Clear Channel Communicationslocked

  • Colette Simonot

Extract

Media conglomerate based in San Antonio, Texas, which has encompassed radio and television stations, billboard advertising displays, and related products throughout its history. The investment banker Lowry Mays bought his first radio station in 1972, and by 1975 he had acquired several more and left banking to devote himself to his company, Clear Channel Communications. By the mid-1980s, with 16 stations to his name, Mays had developed a reputation for buying unsuccessful stations and making them profitable. The Federal Communications Commission (...

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