The radio business has been very good to Lowry Mays and Billie Joe “Red” McCombs.

In 1972, they formed the San Antonio Broadcasting Company to buy an FM station for $125,000.

Thirty-five years later, that company is called Clear Channel Communications and it owns more than 1,000 stations. Its shareholders recently approved a $19.5 billion private equity buyout that values Mays’ stock at more than $1.1 billion and McCombs’ shares at about $190 million. The deal is expected to close before the end of the year.

In early 2000, when Clear Channel shares hit $95, the founders’ stock would have been valued at more than twice as much as now.

What’s so funny about the 2008 presidential race?

Not much so far, unless you count Rudy Giuliani taking a cell phone call from his wife while he was giving a speech to members of the National Rifle Association, a moment that became a YouTube hit.

But, take heart; JibJab.com is back and making fun of the scary side of politics.

JibJab, you may remember, is the Internet humor site that produced the flash animation video, This Land is Your Land for the 2004 presidential race.

The video established the JibJab brand and significantly improved its fortunes.

The This Land video featured singing heads of George W. Bush and John Kerry dissing each other to the tune of the Woody Guthrie song.

The script has changed.

Pointing to Al Gore, parents throughout the country may be telling their children that if they study hard, lead good lives and not become president they could be awarded the Nobel Peace Prize.

Gore is the co-winner of this year’s Peace Prize for sounding the alarm on global warming. He shares the prize with the United Nations’ Intergovernmental Panel on Climate Change.

While Gore may have fashioned a grand comeback, a look at the post-defeat careers of other recent unsuccessful presidential wannabes shows that there can be life, a good life at that, after losing. All have found things to do, sometimes lucrative things, and many have held elective office, most often in the U.S. Senate.

All have continued in public life and some have remained in politics, most especially in the U.S. Senate.

It’s the sort of windfall that not-for-profits don’t receive every day.

A little more than a year old, the Alliance for Climate Protection gained $750,000 when former Vice President Al Gore was named co-recipient of this year’s Nobel Peace Prize Friday.

Gore announced that he would give his share of the prize to the alliance, a Palo Alto, Calif., organization he formed last year.

The group’s goal is to increase awareness about threats to the environment from global warming.
It helped put on this July’s Live Earth concerts in seven cities around the world.

When Curt Schilling takes to the mound in the American League
Championship series, he’ll be pitching for the Boston Red Sox against
the Cleveland Indians.

Off the field, Schilling is one of a relatively small group of baseball players who are willing to pitch for political candidates.

He campaigned for President Bush in 2004, and earlier this year, he
said he was backing Sen. John McCain of Arizona for the 2008
Republican presidential nomination. However, he added that if Sen. Barack Obama of Illinois were the Democratic candidate he would have a hard time choosing between the two men.

Sure, he’s won every award known to man except the Olympic gold. (Unless he gets into wrestling or weight lifting, that honor seems beyond even his reach.)

But the main achievement of Al Gore is not his comeback from having the White House snatched away, not his Oscar or even his sharing of the Nobel Peace Prize, announced today.

The real phenomenon of Al Gore is how connected he has become despite (and because of) his losing the presidency.

Gore has forged strong bonds not only in politics, science and the international environmental movement, but in finance, high-tech and Hollywood.

Two seasons have collided - the endless season of the presidential campaign and the shorter season of the baseball playoffs.

This means that presidential candidates have been showing up at the playoffs, most especially Republican presidential hopeful Rudy Giuliani, who was there front and center to see his beloved New York Yankees exit the playoffs in the first round.

These sporting appearances make sense. The politicos get a little TV airtime away from the coffee shops of New Hampshire and Iowa. And they associate themselves with a game that’s American as apple pie and steroids. (OK. They don’t stress the steroids.)

But there can be risks to rooting for a team, as it inevitably means rooting against another team. Giuliani have picked up some votes in New York, but the inhabitants of Red Sox Nation might not be able to forgive his connection to, in their opinions, an evil empire.

“Don’t tase me, bro!” immediately entered the national lexicon when university police in Florida zapped a protesting student with a Taser gun. His bleating cries have “become the newest cultural touchstone of our pop-cultural lexicon,” Wired says.

But the incident also substantially raised the profile of Taser International, makers of the police zappers. Company stock is skyrocketing on new orders and it has fended off dozens of wrongful-death lawsuits.

This week, the sheriff’s department of Jacksonville, Fla., purchased 450 new Taser X26s and the Cleveland police ordered 175 more. That was enough to push the stock price up 4.1% on Monday and another 1.34% on Tuesday. The stock is trading at its highest level in two years.

Scooter Libby, Joe Lieberman, Bush 41, Bush 43, and Mitt Romney all have at least one thing in common: They’ve been the recipients of Mel Sembler’s largesse and his fund-raising effectiveness.

Sembler, a Florida shopping center developer who founded a controversial non-profit group of drug treatment centers for adolescents, helped raise millions for the elections of Bush the elder and Bush the younger.

Hunt Oil’s controversial production-sharing deal with Kurdistan is “legally uncertain” and has “needlessly elevated tensions” between the Kurds and the central Iraqi government, a senior State Department official in Baghdad told The New York Times.

Dallas-based Hunt Oil is run by Ray Hunt, a close friend and advisor of president Bush.