Lester Lowry Mays (born July 24, 1935) is the founder and former chairman of Clear Channel Communications. By the mid-90s, Clear Channel Communications owned 43 radio and 16 television stations. The company, based in San Antonio, is already the world's largest owner of billboards and, with its agreement last October to buy AMFM Inc. for $17.4 billion, it will be the world's largest owner of radio stations, too. Lester Lowry Mays (born July 24, 1935) is the founder and former chairman of Clear Channel Communications. Continue to the next page to see Lindsay McCaul net worth, estimated salary and earnings. Given investors' frenzied embrace of Internet stocks, Mr. Mays hopes the company's recent and future moves will help buoy Clear Channel's stock. The effort failed to meet expectations and the station was sold after Clear Channel bought radio stations with in-town Houston signals. In 1972, Mays founded the San Antonio Broadcasting Company, which became Clear Channel Communications. The deal-making continued on Feb. 29, when Clear Channel agreed to buy SFX Entertainment, a concert producer, arena owner and sports promoter, for $3.3 billion. She studied linguistics at Moody Bible Institute in Chicago. 1. They live in San Antonio, Texas, where they oversee the operations and giving of the Mays Family Foundation. WHEN it comes to Texas billionaires, L. Lowry Mays doesn't seem eccentric enough. That, combined with SFX's concerts, could let it offer pay-per-view concerts over the Web. KPAC-FM was upgraded by Clear Channel in the early 1980s to be their first "Houston" station when the company built a 2,000-ft tower near Devers, Texas, hoping to cover Houston. Other criticism comes from outside the industry. We're simply in the business of selling our customers products. No monstrous mansions, helicopters or yachts. He was a member of the Associates Board at Harvard Business School. For Mr. Mays, buying media properties was always more about considerations like free cash flow than a chance to hang out with celebrities. While it’s relatively simple to predict her income, it’s harder to know how much Lindsay has spent over the years. Pisces is ruled by Neptune, the celestial body that governs creativity and dreams, and these ethereal fish adore exploring their boundless imaginations. The company went public in 1984. Michael McCaul Net Worth $305.46 Million He was also a chair of the Presidential Library Committee and a member of the Committee on Buildings and Physical Plant and is the Board's special liaison to the Texas A&M Foundation. Indeed, Mr. Mays, 64, is among the richest but least-known media tycoons in the land. He buys radio and TV stations and billboards in the same market, then cuts costs and sells advertising packages across the three media. Mays served on the Texas A&M Board of Regents from 1985-1991. ''They are done at the expense of local news and public affairs programming,'' he said. Linda Mays McCaul, 38, doesn't work at the company. Lindsay McCaul’s net worth. and Texas A&M University (M.S.). As chairman and chief executive of Clear Channel Communications, however, Mr. Mays has provided his stockholders with gaudy returns, averaging 64 percent a year over the last decade. While it’s relatively simple to predict her income, it’s harder to know how much Lindsay has spent over the years. Kevin Gallagher, the media director at Starcom Worldwide, a unit of the Leo Group, the ad agency based in Chicago, said he recently advised a client to switch to television. Another Christian singer and songwriter like her is Amy Grant. Lindsay McCaul (born March 7, 1984) is famous for being rock singer. Learn how and when to remove this template message, one of the nation's leading live entertainment companies, over 750,000 outdoor advertising displays, L Lowry Mays, The 400 Richest Americans - Forbes.com, "Golden Plate Awardees of the American Academy of Achievement", "L. Lowry Mays inducted into the Radio Hall of Fame in 2004". Including pending acquisitions, the company will have operations in 32 countries and will own or have stakes in 19 television stations, 550,000 billboards and 110 entertainment venues. "[4], Mays was inducted into the Radio Hall of Fame in 2004. The company purchased its first radio station, KEEZ-FM in San Antonio in 1972. So far, his pet causes have been local or regional, including gifts to Texas A&M and to the M. D. Anderson Cancer Center in Houston. Online estimates of Lindsay McCaul’s net worth vary. But Mr. Mays isn't ready to focus full-time on philanthropy just yet. After suffering a stroke in 2005, Mays relinquished his position as a CEO of the company to his son, Mark Mays.[5]. By the end of next year, Mr. Mays predicted, all the Web sites of the company's radio stations will have streaming audio. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Andrew Jay Schwartzman, president of the Media Access Project, a public interest law firm that promotes broad access to electronic media, says Clear Channel's economies come at a cost. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. It's symbolized by two fish swimming in opposite directions, representing the constant division of Pisces's attention between fantasy and reality. PRIVATE SECTOR; What? ... Linda McCaul is the daughter of Lowry Mays of Clear Channel Communications, whose net worth in 2008 was $1 billion. She is 36 years old and is a Pisces. And for Mr. Mays, the chance to hang out with rock stars is not much of a payoff, either. She attended the University of Miami (B.S.) Lindsay McCaul is a member of Richest Celebrities and Rock Singers. As the owner of 30.3 million shares of Clear Channel stock worth about $2.08 billion, Mr. Mays plans to give away much of his fortune. Lester Lowry Mays was born on July 24, 1935 in Harris County, Texas, United States to Lester T. Mays and Mary Virginia Lowry. Continue to the next page to see Lindsay McCaul net worth, estimated salary and earnings. Randall, 34, is its chief financial officer and Kathryn Mays Johnson, 39, is director of communications. According to authoritative sources, it has been estimated that McCaul’s net worth is as high as $305.46 million, an amount earned through his successful career as a politician, and as an attorney, and federal prosecutor, which also improved his wealth. The wealthy congressman’s net worth is $135.7 million (2018). [3] He became an investment banker, rising to Vice President of Corporate Finance during his ten years at Russ & Company.[3]. Their first non-San Antonio acquisition was 1250 KPAC and 98.5 KPAC-FM in Port Arthur, bought from the then Port Arthur College, now Lamar-Port Arthur. We're not in the business of providing well-researched music. Online estimates of Lindsay McCaul’s net worth vary. His son-in-law, Michael McCaul, is a Republican congressman from Texas's 10th congressional district. '', See the article in its original context from. Media buyers have begun complaining about the company's advertising rates, which, they say, have risen in recent months. Interview On The BusinessMakers Show, October 18, 2008. Mays attended the A&M College of Texas (now Texas A&M University), where he received a B.S. But Mr. Mays is starting to hear some static. The education details are not available at this time. Instead, he is preparing Clear Channel for an assault on the Internet. Mays and his wife, Peggy, have four children, Kathy Mays Johnson, Mark Mays, Linda Mays McCaul, and Randall Mays, along with sixteen grandchildren and many nieces and nephews. It slumped after the SFX announcement, as some analysts questioned whether the deal would pay off. We will have the most active Web sites in the country,'' he said. She currently resides in Texas, United States. However, in an interview that same year with Fortune Magazine, he remarked, "We're not in the business of providing news and information. As of 2020, Lindsay McCaul’s net worth is, Lindsay McCaul is a Pisces and was born in The Year of the Rat. 2. He has been married to his wife, Peggy, for 40 years. Mr. Mays now oversees a media empire upon which the sun never sets, from gospel radio in Greensboro, N.C., to billboards in Beijing. Lindsay McCaul was born in Texas, United States on Wednesday, March 7, 1984 (Millennials Generation). In 1988, the company bought its first television station. Please check back soon for updates. A Dallas native who speaks with just a hint of a twang, he received a petroleum engineering degree from Texas A&M and an M.B.A. from Harvard. Sure, he has a ranch or two, and he takes some nice vacations with a little hunting and fishing thrown in. [2] After his 1957 graduation from Texas A&M, Mays joined the Air Force, where he served as an officer. Even so, Mr. Mays presents himself as a modest sort. ''We have 110 million people a week listening to our radio stations,'' he said. They spend much of their free time with their four children and 10 grandchildren. Despite his reservations, Mr. Gallagher said Clear Channel offered an attractive one-stop-shopping option combining outlets like billboards and the Internet.