Consumer >> CEO Interviews >> January 10, 1999

L. Lowry Mays – Clear Channel Communications Inc (ccu)

L. LOWRY MAYS is Chairman and Chief Executive Officer of Clear Channel Communications, Inc. He started his career with an investment firm, Russ & Company, in San Antonio, Texas, as Senior Vice President of Corporate Finance in 1962. In 1972, he formed Clear Channel Communications, when, through his position as an investment banker, he was left with a financially troubled radio station. Today, Clear Channel Communications, Inc., now Clear Channel Worldwide, is a global leader in the out-of-home advertising industry, with radio and television stations, outdoor advertising displays, and live entertainment venues in 66 countries around the world. In addition to his executive role, Mr. Mays is active in a variety of professional and civic activities. In July 2000 Radio Ink magazine named him number one on its list of The Top 40 Most Powerful People in Radio. On February 26, 2001, The Lowry Mays Family and Clear Channel Communications received the Golden Mike Award from the Broadcasters' Foundation. In July 2001 he was again named number one on Radio Ink magazine's Top 40 Most Powerful People in Radio. Mr. Mays holds an MBA from Harvard University and a BS in Petroleum Engineering from Texas A&M University. Profile
TWST: Could we start by giving us a brief overview of Clear Channel?

Your history, services, customers, those kind of things?

Mr. Mays: Clear Channel is basically an out-of-home