Who is Stanley Hubbard?
Born in March 1933, Stanley Hubbard is a name that resonates profoundly in the world of American broadcasting. As the Chairman and CEO of Hubbard Broadcasting, Stanley has carved an indelible mark in the industry. He is married to Karen, and together they are proud parents of four children.
Key Takeaways:
- Stanley Hubbard, born in March 1933, is the Chairman and CEO of Hubbard Broadcasting.
- Hubbard Broadcasting, Inc., a family business, owns 13 TV stations and more than 40 radio stations.
- Hubbard Radio operates 40 radio stations in key regions across the United States.
- Stanley sold his satellite TV company in 1998 for US$ 1.3 billion.
- He is also the founder of Hubbard Aviation Technologies, which specializes in the production of sound mufflers for Gulfstream airplanes.
- Stanley Hubbard’s estimated net worth is $2 billion. He is a significant contributor to the University of Minnesota.
- He is the owner of the MIMI Yacht.
Hubbard Broadcasting: A Beacon in American Broadcasting Industry
Originating as a family venture, Hubbard Broadcasting, Inc. has grown into an American television and radio broadcasting titan, headquartered in Minnesota. The company, started by Stanley’s father, today owns 13 TV stations and more than 40 radio stations, firmly establishing its footprint in the broadcasting sector.
Hubbard Radio, a subsidiary of Hubbard Broadcasting, operates a vast network of 40 radio stations in key regions like Chicago, Washington, D.C, Seattle, Phoenix, Minneapolis- St. Paul, St. Louis, and Cincinnati. Beyond radio, Hubbard Media Group, LLC owns and operates several cable and satellite networks. Their ventures include KSTP-TV, an ABC affiliate serving the Twin Cities area, Central Minnesota, and Western Wisconsin – the 15th largest market in the U.S.
KSTC.TV and Satellite Broadcasting Ventures
KSTC.TV, Channel 45, adds another feather to Hubbard’s cap, as the only fully independent television station in Minneapolis. Stanley’s influence in satellite TV made waves in 1998 when he sold his satellite TV company for a staggering US$ 1.3 billion.
Aviation Pioneering: Hubbard Aviation Technologies
Stanley’s influence stretches beyond broadcasting, as he is also the founder of Hubbard Aviation Technologies. This venture specializes in the production of sound mufflers for Gulfstream airplanes. Stanley’s passion for aviation and pioneering investment in hush kit technology led to the development of a sound-reducing prototype for his Gulfstream GII-SP. Impressed by the results, he acquired the intellectual property and established a company to manufacture and market the product.
Philanthropy and Net Worth of Stanley Hubbard
With an estimated net worth of $2 billion, Stanley is also a noteworthy philanthropist. He has generously supported the University of Minnesota, with a significant donation of US$ 10 million in 2000, leading to the formation of the Hubbard School of Journalism and Mass Communication.
Sources
https://en.wikipedia.org/wiki/StanleyHubbard
https://en.wikipedia.org/wiki/Hubbard_Broadcasting
https://www.forbes.com/profile/stanleyhubbard/
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