L. Lowry Mays is the founder and current chairman of Clear Channel Communications. After a stroke in 2005, Mr. Mays relinquished his position as CEO of the company to his son, Mark. He graduated from Texas A&M University in1957, and has been a major contributor to the school. The university's Mays School of Business is named for him. Clear Channel Communications (NYSE: CCU) is a media company based in the United States of America. ... Mark Mays is the president and CEO of Clear Channel Communications, Inc. ... Texas A&M University, often Texas A&M, A&M or TAMU for short, is the flagship institution of The Texas A&M University System. ...
Corporate officers: Lowry Mays | Mark Mays | Randall Mays | Tom Hicks Board of directors: Alan Feld | Perry Lewis | Lowry Mays | B.J. McCombs | Phyllis Riggins | Theodore Strauss | J.C. Watts | John H. Williams Clear Channel Communications (NYSE: CCU) is a media company based in the United States of America. ... It has been suggested that this article or section be merged into Corporate title. ... Mark Mays is the president and CEO of Clear Channel Communications, Inc. ... Tom Hicks at a Texas Rangers press conference. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Billy Joe Red McCombs (born 1927 in Spur, Texas) is the founder of the Red McCombs Automotive Group, a co-founder of Clear Channel Communications, a former owner of the San Antonio Spurs, Denver Nuggets, and the Minnesota Vikings, and the namesake of the McCombs School of Business at the... Julius Caesar J.C. Watts (born November 18, 1957) is a former Representative from Oklahoma in the U.S. Congress. ... Movie producer and CEO of Vanguard Animation studio. ...
Radio / Television stations: (See List of broadcast stations owned by Clear Channel) Other major assets: Clear Channel Outdoor | Clear Channel UK | Premiere Radio Networks | FOX Sports Radio Network The following is a list of radio and television stations owned by Clear Channel Communications. ... Clear Channel Outdoor, part of Clear Channel Communications, is one of the worlds largest outdoor advertising corporations. ... Clear Channel UK is the UK division of Clear Channel Communications, the global media conglomerate based in the United States. ... Premiere Radio Networks syndicates some of the most popular radio programs in the United States. ... ...
The founding family of the company -- founder LowryMays and his sons Mark and Randall -- is participating in the buyout, but the financial terms have not been disclosed.
As per the terms of the deal, MarkMays will continue to be chief executive of the company and Randall president and chief financial officer, while LowryMays, the current chairman, will continue in an active role.
LowryMays, who is likely to become chairman emeritus after the deal is closed, has agreed to forego a lump sum cash payment equaling seven times the sum of his highest bonus in the last three years, which would be $3 million at minimum, and base salary.
LowryMays, the current chairman and his sons Mark, the chief executive, and Randall, the chief financial officer, amended their employment agreements as part of the offer from Boston-based investment firms Bain Capital Partners LLC and Thomas H. Lee Partners LP, the company said.
LowryMays, who would likely become chairman emeritus after the deal is closed, agreed to forego a lump-sum cash payment equaling seven times the sum of his highest bonus in the last three years, which would be $3 million at minimum, and base salary.
Mark and Randall Mays, who plan to remain in their positions, would get lower lump-sum payments upon termination "by company without cause or by executive for good reason." Instead of a multiple of seven, they would get 2.99 times their highest recent bonus, which could be no less than $1 million, plus base salary.
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