Red McCombs, Car Salesman Turned Media Mogul, Dies at 95
He's a media mogul, owning Clear Channel and creating 400 businesses.
Red McCombs died at his San Antonio home on Sunday. He was a former Texas car dealer and became a billionaire by venturing in a variety of successful businesses. These included the media giant Clear Channel Communications, as well as several professional sports teams. He was 95.
The cause of his death was not disclosed by the family.
McCombs, a wheeler-dealer of flamboyant reputation, created over 400 businesses in a variety of industries including oil, realty, cattle, insurance and movies, which he sold at substantial profits. McCombs owned the Minnesota Vikings at various times, as well as two professional basketball teams: the San Antonio Spurs, and the Denver Nuggets.