Company History
2005 Company offers 10% of Clear Channel Outdoor in IPO and spins-off Clear Channel Entertainment to shareholders. 2002 Completed the acquisition of The Ackerley Group and its integration into the Company's outdoor advertising division 2001 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 2000 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 and products. Continued expansion in radio and outdoor, bringing the total number of worldwide radio stations owned or programmed to over 1,100 and total outdoor advertising displays to approximately 700,000. 1999 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 advertising company. 1998 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 to 204. 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 Mexico. 1997 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 Corporation. 1996 Telecommunications Act of 1996 passed by Congress. Acquired 49 radio stations in 20 markets. Acquired a 33.3% interest in the largest radio group in New Zealand. 1995 The Wall Street Journal named Clear Channel Communications the eighth best performing stock over the previous ten years. Acquired radio stations in Houston, Texas and television stations in Harrisburg, Pennsylvania and Jacksonville, Florida. Acquired a 50% interest in Australian Radio Network Pty Ltd., the second largest radio group in Australia. 1995 Broadcasting assets totaled 43 radio stations and 16 television stations in 32 markets 1994 Obtained listing of Clear Channel Communications, Inc. Common Stock 1993 Acquired radio stations in San Antonio, Texas; Austin, Texas; Richmond, Virginia; and Oklahoma City, Oklahoma. Acquired television stations in Memphis, Tennessee; Minneapolis, Minnesota; and Tulsa, Oklahoma. 1992 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. 1991 Acquired the 78-station affiliate Kentucky Network, a news, sports and information network servicing radio stations throughout Kentucky. 1990 A fifth television station was added with the acquisition of KSAS-TV in Wichita, Kansas. 1989 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 events. 1988 Entered television business with the acquisition of WPMI-TV, Channel 15 in Mobile, Alabama / Pensacola, Florida. 1984 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. 1975 Acquired WOAI-AM. This was the Company's first "Clear Channel" radio station, which means it was designated with its own frequency nationwide. 1972 Lowry Mays and Red McCombs form San Antonio Broadcasting Company to acquire KEEZ-FM (now KAJA-FM) in San Antonio, Texas for $125,000 |