Clear Channel CEO Mark Mays - son of founder Lowry Mays -
is stepping down. Mays will retain his gig as chairman of the board. Mays's brother Randall bailed last year. Mays will stay on as president and CEO until a replacement comes on board later this year.
Related: Al Peterson's News/Talk/Sports
Read the press release:
After 21 wonderful years of building the industry leader that is Clear Channel, I have made a personal decision to step away from the chief executive role. Clear Channel is well-positioned to continue leading in the marketplace, and given the positive trends I am seeing, I am very optimistic about the future of the company,” said Mays. “As I’ve discussed with our Board, this is an opportune time for a new CEO to work with the management team in leading our terrific company forward, and I look forward to executing a seamless transition.”
From one humble radio station in San Antonion in 1972, Lowry Mays built the biggest radio conglomerate in the world - good or bad.
Clear channel certainly set the standard--or lack thereof--for consolidation, right down to the ignominious crash. Thanks to CC, a lot of towns lost a lot of community news and service.
ReplyDeleteI remember woai, was there and listened to it but mostly listened to I think it was ktsa, the old songs, SA my real home, moved to arlington tx in '80, you got some good stuff today marty, love the old memories......
ReplyDeleteAh yes, Sandra, KTSA is my station in San Antonio. In the Dallas area, it's KRLD.
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