Clear Channel Communications/mergers & acquisitions

Lowry Mays, who is now one of the wealthiest men in the business, started with a struggling radio station and turned it into one of the world’s largest media empires. Through risk taking, mergers, and acquisitions he is now operating in 34 nations around the world, with a group of stations that represents the largest critical mass of broadcasting companies in the world. Mays, not only the chairman and CEO of Clear Channel Communications and …showed first 75 words of 716 total…

…showed last 75 words of 716 total…an investor in satellite radio along with General Motors and DIRECTV and a bunch of others, they made the investment really because we felt they would gain another audience and be successful. No intention on threatening other companies, but I wouldn’t be sitting comfortably if I was in competition with Clear Channel Communications. I think they might very well succeed in this new area of the market, as an investor in is XM Radio.