Mark Mays to shed CEO title

CC, WHERE A-MAYS-ING HAPPENS: Mark Mays sent out an email to staff yesterday revealing that he’ll ankle his post as Clear Channel CEO at the end of the year, though he’ll stay on as Chairman. He’s already asked the CC board to initiate a search for his successor. Mark moved up from President/COO to CEO in 2004, succeeding his father, Lowry Mays, regaining the President’s title as well last year when his brother Randall stepped down; the latter remains Vice Chairman: "Given the positive trends we are seeing, I am very optimistic about the future of Clear Channel,” Mays wrote. “That's why I feel this is an opportune time for a new CEO to work with the management team in leading our terrific company forward. While you can imagine this was not an easy decision for me, it was made collaboratively and amicably with the full support of our financial sponsors." Read the entire email at Radio Ink. (6/23a)