Rescuing Radio

Why a rich, 64-year-old widower is running back into the burning building that is the radio business


Because he quit the biz eight years ago, Wilson, with Lucy, in chair, and Bear, can afford to invest in radio.

Larry Wilson has three big rescue dogs; he took them in after they had suffered at the hands of previous owners. They used to live with him on his two ranches in Montana, but they moved recently to his riverfront apartment in Portland, Ore. It's not ideal; they need to be walked at least four times a day. So on weekends they all pile into Wilson's private jet and fly back to Montana.

Wilson, 64, moved with his pooches to Portland because he bought six radio stations there, two from Microsoft co-founder Paul Allen and four from CBS. To many people,...

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