Stories tagged with Rush Limbaugh
Karl Rove crosses over to the Mac side
By A. James Memmott | March 27, 2008 at 9:00am | 1
Casting directors looking to fill the part of Karl Rove in a movie account of the second Bush presidency might turn to John Hodgman, the actor who plays “PC” in the Apple Inc. commercials.
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.
