Lowry Mays, the nation's largest owner of radio stations, has died at 87. His purchase in the early 1970s of a San Antonio radio station was the springboard for Clear Channel Communications, now named iHeartMedia.
FILE - Lowry Mays, chairman of the Board of Clear Channel Communications, accepts the distinguished service award from the National Association of Broadcasters convention on April 18, 2005, in Las Vegas. Mays, whose accidental purchase of a San Antonio radio station propelled him into the nation’s largest owner of radio stations, died Monday, Sept. 12, 2022, according to his alma mater, Texas A&M University. He was 87.
SAN ANTONIO — Lowry Mays, whose accidental purchase of a San Antonio radio station propelled him into the nation’s largest owner of radio stations, has died. He was 87. Mays was a prosperous petroleum engineer and investment banker when he agreed to co-sign a note to purchase a San Antonio FM radio station in 1972 but ended up owning the channel, according to a biography on theThe purchase grew into Clear Channel Communications as it continued to buy other radio stations and billboard companies.
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