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Lowry Mays, Founder of Clear Channel Communications, Forerunner of iHeartRadio, Dies at 87

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variety.com

Roy Trakin Lowry Mays, the San Antonio entrepreneur who turned Clear Channel Communications, the predecessor to iHeartMedia, into the largest broadcasting conglomerate of the post-consolidation era, died on Monday (Sept.

12) at 87 in his hometown. Said iHeartMedia CEO Bob Pittman: “We built this company on the foundation and vision created by Lowry Mays.

He started it all from a single station in San Antonio — and look at iHeart today.” Mays was an investment banker sporting a Harvard MBA when he founded the San Antonio Broadcasting Company in 1972 with local car dealership owner Red McCombs (who went on to own stakes in the San Antonio Spurs, Denver Nuggets and Minnesota Vikings), acquiring a single station, KEEZ, and adding WOAI in 1975.

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