The Biggest Media Mogul You Never Heard Of

How Lowry Mays, slowly and steadily, amassed a radio empire

Sumner Redstone. Gerald Levin. Michael Eisner. Lowry Mays. Lowry who? That's L. Lowry Mays, the low-key Texas rancher who's joining the ranks of America's top media moguls. On Oct. 4, Clear Channel Communications Inc., which Mays co-founded 27 years ago with a single San Antonio station, announced the largest radio deal ever: The $23.5 billion acquisition of Dallas-based AMFM Inc., the U.S.'s largest radio chain. If completed, the deal would give Lowry the world's largest collection of radio stations and outdoor advertising sites.

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