W. Lawrence Patrick, Ph.D. '75
President, Patrick Communications

Larry Patrick serves as president of Patrick Communications, LLC, a media investment banking and brokerage firm that also provides management consulting services, as well as Legend Communications, a radio group owner. Patrick Communications was established by Mr. Patrick in 1984 and is based in Ellicott City, Maryland, located between Washington, D.C. and Baltimore, Maryland.

Mr. Patrick has consulted more than 300 broadcasting and cable companies as well as 38 financial institutions. His firm has handled more than $3.0 billion in transactions, financings and appraisals since the firm's founding.

Mr. Patrick currently operates 16 radio stations in Wyoming, Missouri, Ohio and West Virginia under the Legend Communications name. Those stations are worth a combined value of $35.0 million.

Mr. Patrick has served as a federal court receiver or bankruptcy trustee in four cases involving 13 broadcast stations and has testified in 16 federal and state court cases as an expert witness on station valuations, contract damage claims, libel damages and station management and operations. He also has testified before committees of the U.S. Senate and the House of Representatives, the Federal Communications Commission, the Federal Trade Commission, the Copyright Royalty Tribunal and the Australian Communications Department.

Previously, Mr. Patrick served as a consultant and later as Chief Operating Officer of Gilmore Broadcasting of Kalamazoo, Michigan; as senior vice president of the National Association of Broadcasters in Washington, D.C. from 1979 through 1983; and as first a full-time and then part-time professor of communications at both the University of Tulsa and the University of Maryland. Mr. Patrick also previously held operations and management positions with both Nationwide Communications' WATE-AM/TV in Knoxville, Tennessee; Bluegrass Broadcasting's WKYT-TV in Lexington, Kentucky; and at Kentucky Educational Television, also in Lexington.

Mr. Patrick holds a B.A. in telecommunications from the University of Kentucky (1972); a M.S. in communications from the University of Tennessee (1973); a Ph.D. in communications and management from Ohio University (1975); and a J.D. from the Georgetown University Law Center (1979). He was admitted as a member of the Maryland bar in 1980. Mr. Patrick has co-authored two books on broadcast station management and finance as well as several journal articles. He is a regular speaker at both corporate meetings and state media association conventions. He was named the outstanding alumnus at both the University of Tennessee (1996) and Ohio University (1995).

Mr. Patrick currently serves as President of the National Association of Media Brokers and is a past President of the Broadcast Education Association. He is also Trustee of the Television and Radio Political Action Committee (TARPAC) as well as a member of the Board of the Michigan Association of Broadcasters Foundation. He is married to Susan Patrick and has four children.