Notes
Outline
Who is L. Lowry Mays?
Presented By: Ed Stahleker
“I had no intention of getting into the broadcast business”
Education
Graduated from Texas A&M University in 1957 with a Bachelor of Science in Petroleum Engineering
Received MBA from Harvard Business School
Served as officer in Air Force until 1962
Experience
Senior Vice President of Corporate Finance at Russ and Company, an investment banking firm from 1963-1972
At the age of 36, acquired his first radio station
1974, Quit investment banking to become an active manager full time.
Family
Wife-Peggy, four children
Two sons-Mark and Randall.
Mark is currently president and chief operating officer of Clear Channel worldwide.
Randall is currently executive vice president and chief financial officer of Clear Channel worldwide.
Management Philosophy
Buys failing stations or stations in mid-size markets
Increases sales and promotions departments
Implements heavy use of billboards, newspapers as well as on-air contests and giveaways.
Philosophy that works…
1972, acquired first station in San Antonio for $125,000
2002 completed acquisition of AM-FM, INC.
Today, clear channel now owns 1,375 radio stations, 700,000 outdoor advertising displays and 19 television stations worldwide.
Mays’ milestones…
Current chairman of the board and CEO of clear channel worldwide.
Texas A&M University School of business named after Mays.
Past chairmen, united way of San Antonio.
Member of the broadcasting and cable HOF
Ranked #1 among top 40 most powerful people by Radio Ink. Magazine 2000, 01, 02
Board of directors, Harvard Business School
International citizen of the year award, San Antonio World Affairs Council.
The End.