Stories tagged with NBA
Mays and McCombs, the original Radioheads
By Gary Jacobson | October 25, 2007 at 6:22am | 1 
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.
Out of the park and into politics
By A. James Memmott | October 13, 2007 at 7:33am | 0
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.
