Steven Hicks | |
---|---|
Born | 1950 Dallas, Texas |
Residence | Austin, Texas |
Education | University of Texas at Austin |
Occupation | Businessman |
Children | 3 |
Parent(s) | John Hicks |
Relatives | Tom Hicks (brother) |
Robert Steven "Steve" Hicks (born 1950) is an American businessman, who is mostly closely associated with the radio business, pioneering the concept of local marketing agreement and was the Vice-Chairman of AMFM, Inc., a predecessor of radio station company Clear Channel Communications. He is currently chairman of the board of directors of medial medical products firm HealthTronics as well as the chairman of private investment firm Capstar Partners LLC, of which he is the principal owner. He is also currently serving on the University of Texas System Board of Regents.
The son of a Texas radio station owner John Hicks, Hicks was born in Dallas, Texas, the younger brother of future billionaire Tom Hicks. He graduated from Thomas Jefferson High School in Port Arthur, Texas in 1968. Hicks attended the University of Texas at Austin. He became a brother of Sigma Phi Epsilon, and graduated in 1972 with a Bachelor's degree in Finance. While at the University of Texas, he was also a member of the Silver Spurs which is the honorary service organization responsible for the caretaking of the Longhorn Mascot BEVO. Hicks, along with his brother, was inducted into The Silver Spur Alumni Hall of Fame.
Hicks bought his first radio station at the age of twenty-nine. He was the CEO of GulfStar Communications, Inc., from July 1987 to January 1997. Over the next 14 years, he acquired stations in Texas, Oklahoma, Louisiana, Tennessee, Mississippi, and South Carolina. He also co-founded and served as CEO of SFX Broadcasting, Inc. from November 1993 to May 1996, including the initial public offering of the stock in 1993. In 1997, Hicks was named the Radio Executive of the Year and was ranked one of the 10 Most Powerful People in Radio by Radio Ink. In 1996, Ernst & Young named him Entrepreneur of the Year and recognized as Broadcaster of the Year by the Texas Association of Broadcasters.