America' to urge their local radio stations to hold rallies. When Mr. Bush was governor of Texas, Mr. Under Mr. Hicks, Utimco placed much of the university's endowment under the management of companies with strong Republican Party or Bush family ties. In Mr. Hicks purchased the Texas Rangers in a deal that made Mr. Bush a multimillionaire.
John Breaux D-La. By the end of that year, Clear Channel owned 36 radio stations and 10 television stations, which represented a modest increase over the total number of properties it owned in The figures were deceiving, however, because they did not accurately convey the financial progress the company had made during the two-year period.
Because of the strategy employed by Mays, Clear Channel exited in enviable financial shape and ready to take advantage of a momentous announcement by the FCC. The Telecommunications Act of lifted national radio ownership restrictions and eased local limitations, touching off a spate of acquisitions for those with the financial wherewithal to acquire broadcasting properties. Clear Channel was one of those companies in a financial position that permitted aggressive expansion and, in fact, was leading the pack.
The company's history of robust cash-flow growth and its discipline in acquiring stations for bargain prices had investors clamoring for more. As the company prepared plans for the late s and the beginning of the 21st century, more acquisitions were in the offing. Clear Channel's progress in set the tone for the company's course of development in the future.
In April, the company acquired Eller Media Company, the oldest and largest billboard operator in the United States with more than 50, outdoor display faces in 15 major metropolitan markets. In June, the company acquired a 32 percent interest in Spanish-language broadcaster Heftel Broadcasting Corp.
In October, the company made its next definitive move, signing an agreement to purchase Universal Outdoor Inc. On the heels of these forays into Spanish-language broadcasting and into billboards, Mays and the rest of Clear Channel's management scanned the horizon for future acquisition targets, intent on building their company into a formidable giant.
Toggle navigation. User Contributions:. Comment about this article, ask questions, or add new information about this topic: Name:. Agency performance. Awards case studies. Brand purpose. Brand safety. Brand strategy. Business of media. Creative Works. Diversity and inclusion. Future of TV. Influencer marketing. Media planning and buying. Mental health. Eller enters the taxi advertising industry with the acquisition of Taxi Tops. Eller renames the new asset Eller Taxi Media.
Company now operates in 33 major US markets, and 25 countries, with over , advertising displays. Eller Media web site launched. The Eller Outdoor division now consists of 88, display faces. Name changes to Eller Media Company. Corporate headquarters moves to Phoenix. Premiere Plus panels introduced in Milwaukee, featuring painted vinyl surfaces wrapped around two vertical decked poster panels making a sq.
Acquire Shelter Advertising of America bus shelters in Miami. Company buys Blue Wallscapes Co. Purchase includes 57 large walls located in Los Angeles and San Francisco. MapInfo geographic information systems GIS utilized. Macintosh computers installed in all account executive sales offices. Protesters demonstrate on Hollywood Blvd. Stephen A. Goal is to help modernize and expand medium there.
California Supreme Court rules outdoor advertising signs may only be placed on land zoned primarily for commercial or industrial use. Rod Wales patents anti-pigeon lightweight spinning propeller device for use on outdoor units. Provides computer data for each location. Computerized painted copy displayed on bulletins in Los Angeles. Copy rotates every 90 days. Metromedia will continue to manage the business.
0コメント