Clear Channel Applauds Senator John McCain's Bill to Diversify Media Ownership.Business/Entertainment Editors SAN ANTONIO--(BUSINESS WIRE)--Jan. 30, 2003 Lowry Mays Lester Lowry Mays (b. 24 July 1935) is the founder and current chairman of Clear Channel Communications. Early Years Lester Lowry Mays was born on July 24, 1935 in Harris County, Texas to Lester T. Mays and Mary Virginia Lowry. , Chairman of the Board and Chief Executive Officer of Clear Channel Worldwide (NYSE NYSE See: New York Stock Exchange :CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ), today commended Senator John McCain For McCain's grandfather and father, see John S. McCain, Sr. and John S. McCain, Jr., respectively John Sidney McCain III (born August 29, 1936 in Panama Canal Zone) is an American politician, war veteran, and currently the Republican Senior U.S. Senator from Arizona. and other Congressional supporters for their efforts to enhance diversity of ownership in the communications industry. "We strongly support Chairman McCain's legislation to help bring more small companies and new entrants into the communications and media businesses. Clear Channel has always been committed to diversifying media ownership and we welcome the introduction of this creative incentive to do just that," Mays said. "We look forward to working with Chairman McCain and others on Capitol Hill again this Congress to see the Telecommunications Ownership Diversification Act enacted into law." Currently, smaller companies can lose out on opportunities to purchase telecom assets because the system does not offer small sellers the same tax treatment as their larger competitors. The legislation responds by establishing several tax incentives to encourage telecom companies to sell to small companies and new entrants. In addition, the Act establishes a system of accountability to eliminate any potential for abuse. About Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. Inc. Clear Channel Communications Inc. (NYSE:CCU), headquartered in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , is a global leader in the out-of-home advertising industry with radio and television stations, outdoor advertising displays, and live entertainment venues in 65 countries around the world. Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Visit our Web site at www.clearchannel.com. |
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