Sam Zell - The Biggest Real Estate Owner in America | Full Documentary
Before '96, radio media stations could only own 12 channels, however they removed that barrier allowing unlimited channel ownership (eventually leading to highly concentrated media oligopolies). Zell's team went out and bought 152 radio stations, later selling them all to Clear Channel for just over $1.5 billion. Although he didn't practice law, the education he received in law school greatly enhanced his ability to understand it's dynamics in business.
Before '96, radio media stations could only own 12 channels, however they removed that barrier allowing unlimited channel ownership (eventually leading to highly concentrated media oligopolies). Zell's team went out and bought 152 radio stations, later selling them all to Clear Channel for just over $1.5 billion. Although he didn't practice law, the education he received in law school greatly enhanced his ability to understand it's dynamics in business.
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