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. Supreme Court declares San Diego anti-billboard ordinance unconstitutional.
Foster and Kleiser Company celebrates 75 years. Rotating paint programs shift from day to day rotation. Los Angeles billroom fire causes substantial damage. Luckily, fire doors prevent spread of flames to rest of branch office and studios. Weatherman antiwar group later admit attack was a mistake. The Army Officers Club one block west was intended target. Nielsen Study completed in Chicago.
The David Wolper production stars Jonathan Winters. Public exhibition of famous Ervine Metzel posters held in major cities. Nielsen study conducted in Los Angeles and Orange County. First mobile panels used for merchandising and public relations.
IBM computer system installed for all accounting operations. Single-post unitized construction of poster panels begins. Prefabricated panels are hoisted into place by boom truck. Pre-pasting of posters begins. First printed bulletin displayed. Nielsen study completed—developed first reach and frequency figures for outdoor W.
Neon-embellished poster panels displayed in Los Angeles. Larger sized sheet posters become popular. Gil Haynes retires. Odell becomes President. Company sold to W. Grace Co. Industrial Paint departments commissioned to paint murals for LA-area drive-in movie theaters.
It's been somehow turned into some sort of evil attempt to control pop music, and that's absurd. The Clear Channel's activities go beyond radio. In March , its affiliate stations throughout the United States organized pro-war rallies, under the name of Rally for America , to coincide with the Bush administration 's launch of war with Iraq. Although Clear Channel denied sponsoring the rallies, "they were promoted repeatedly by the company's widely syndicated radio personality, Glenn Beck.
Beck described the [pro-war] rallies as a grassroots response to his personal broadcast call to 'Mr. 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. Each acquisition candidate had to meet strict criteria before joining the Clear Channel fold, and, once added to the company's portfolio of broadcasting properties, each acquisition was transformed by the same principles: the company's sales force was doubled, its marketing activities were increased, and an emphasis was placed on attracting new advertisers.
Mays rarely tinkered with a station's programming format. Instead, all efforts were directed at the acquisition's financial performance. Moving cautiously in the decade that followed the acquisition of the two Tulsa stations, Mays gradually added to his stable of radio stations as he learned the business. Developments in , however, promised to usher in a new era of animated growth.
In that year, the Federal Communications Commission FCC loosened ownership restrictions for radio and television properties, decreeing that companies could own up to 12 AM stations, 12 FM stations, and 12 television stations. Prior to , the FCC barred companies from owning more than seven properties in each category.
Mays and the rest of the broadcasting industry celebrated the news. As expected, companies began acquiring broadcasting properties in earnest, swallowing up one after another to take advantage of the relaxed ownership restrictions; Clear Channel, however, stood by.
Conspicuous by his absence from the acquisition frenzy, Mays was criticized by industry observers as a former investment banker who analyzed deals and then decided not to get involved. Mays later explained that Clear Channel's inactivity was not due to a lack of effort or interest. If you stick by your targets for return on investment, it will take you out of the market. In the wake of the FCC ruling, Mays made several acquisitions, but by his company was effectively out of the radio acquisition market.
In , when all radio acquisitions had been put on hold, Mays jumped into the television market, acquiring a station in Mobile, Alabama, that was an affiliate of the Fox TV network, which was just beginning its bid to become the fourth major network in the country. After acquiring the station in Mobile, Mays went on to purchase television stations in Tucson, Jacksonville, Tulsa, Wichita, and Memphis, each a Fox affiliate except for the Tucson property.
The foray into television broadcasting proved to be a financial boon for Clear Channel, particularly because of the success enjoyed by the Fox TV network as it developed into the country's fourth major television network. Beginning in mid, Mays changed course and began to acquire radio stations at a voracious rate, motivated by changing conditions in the radio industry.
Companies that had acquired radio stations during the s had paid high prices, and during the economic recession of the early s many of those companies were saddled with debt and forced to sell. Consequently, the price of radio properties dropped dramatically, creating numerous opportunities for Mays. In the company leaped well beyond its established operating territory when it acquired a 50 percent interest in the Australian Radio Network.
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