|| Lowry Mays and Red McCombs form
San Antonio Broadcasting Company to acquire KEEZ-FM (now KAJA-FM) in San
Antonio, Texas for $125,000.
||Acquired WOAI-AM. This was the Company's
first "Clear Channel" radio station, which means it was designated with
its own frequency nationwide.
||Initial Public Offering at today's
split-adjusted price of approximately $0.43 per share.
|Acquired Broad Street Communications
Corporation increasing the Company's radio assets to six FM and six AM stations
in seven markets.
||Entered television business with
the acquisition of WPMI-TV, Channel 15 in Mobile, Alabama / Pensacola, Florida.
||Acquired additional television stations
in Tucson, Arizona; Jacksonville, Florida; and Tulsa, Oklahoma.
|Created a sports division, Clear
Channel Sports, which owns the radio rights to broadcast certain NCAA sports
||A fifth television station was added with the acquisition of KSAS-TV in Wichita, Kansas.|
||Acquired the 78-station affiliate
Kentucky Network, a news, sports and information network servicing radio
stations throughout Kentucky.
||Federal Communications Commission
passes duopoly rules allowing for ownership of two FM and two AM radio
stations in a market.
|Acquired WPTY-TV, a FOX television
affiliate in Memphis, Tennessee.
|Acquired radio stations in New Haven,
Connecticut; Wichita, Kansas; Richmond, Virginia; and Tampa, Florida.
|| Acquired radio stations in
San Antonio, Texas; Austin, Texas; Richmond, Virginia; and Oklahoma City,
|Acquired television stations in
Memphis, Tennessee; Minneapolis, Minnesota; and Tulsa, Oklahoma.
||Obtained listing of Clear Channel
Communications, Inc. Common Stock.
||Broadcasting assets totaled 43 radio
stations and 16 television stations in 32 markets.
|The Wall Street Journal named Clear
Channel Communications the eighth best performing stock over the previous
|Acquired radio stations in Houston,
Texas and television stations in Harrisburg, Pennsylvania and Jacksonville,
|Acquired a 50% interest in Australian
Radio Network Pty Ltd., the second largest radio group in Australia.
||Telecommunications Act of 1996 passed
|Acquired 49 radio stations in 20
|Acquired a 33.3% interest in the
largest radio group in New Zealand.
||Added to the widely followed S&P
500 Index in recognition of the Company's industry leadership.
|Emerged as a leader in the outdoor
advertising industry with acquisition of Eller Media Company and announcement
of acquisitions of Universal Outdoor and More Group Plc.
|Continued expansion of radio division
adding 70 stations, bringing the total number of stations owned or programmed
to 173; most notable was the acquisition of 43 stations from Paxson Communications
||Announced acquisition of Jacor Communications
substantially enhancing the Company's radio presence.
|Continued expansion of radio division
by adding 38 stations, brining the total number of stations owned or programmed
|Completed acquisition of the More
Group Plc, an outdoor advertising company with presence in 25 countries
around the world.
|Completed acquisition of Universal
Outdoor and its integration into the Company's outdoor advertising division.
|Acquired a 40% interest in Grupo
Acir, the largest operator of radio stations in Mexco.
||The Wall Street Journal ranked Clear
Channel as the fifth best-performing stock of the nineties.
|Completed the Jacor acquisition
bringing the total number of radio stations owned or programmed to 625.
|Announced acquisition of AMFM, Inc.
creating a national radio platform.
|Acquired Dauphin, a European outdoor
||Completed acquisition of AMFM, Inc.
|Acquired SFX Entertainment, Inc.,
one of the world's largest diversified promoters, producers and presenters
of live entertainment events.
|Acquired outdoor assets of Donrey
Media, Taxi Tops and Ackerley Media increasing the outdoor division's business
|Continued expansion in radio and
outdoor, bringing the total number of worldwide radio stations owned or
programmed to 1,376 and total outdoor advertising displays to approximately
||Radio Division reorganizes management
structure by geographic regions in the US.
|Collectively, Clear Channel divisions
are now operating in 65 countries worldwide.
|Entertainment produced and marketed
the three top grossing concert tours in 2001.
If you have anything to add for this page, please email it to: ClearChannel2004@aol.com