Lowry Mays buys up CCC stock
Music Industry News - as it happens
Source: Mi2N - July 29, 2002
Texas billionaire L. Lowry Mays, chairman and CEO of Clear Channel
Communications, says a Mays family trust has bought about $5 million of CCC
stock on the open market.
"This clearly reflects our confidence in Clear Channel, our faith in the
Clear Channel management team and our belief in Clear Channel's future.
Clear Channel's stock is a compelling investment; this was an easy decision.
We believe in Clear Channel, its solid businesses and its strategic plan.
Clear Channel has a bright future."
When CCC bought AMFM Inc for $17.4 billion last October, it became the
world's largest owner of radio stations.
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