Editing Sam Phillips (section)

==Other business interests==
Through shrewd investments, Phillips amassed a fortune. He was one of the first investors<ref>{{cite news|author1=Martin, Douglas |title=Sam Phillips, Who Discovered Elvis Presley, Dies at 80|url=https://www.nytimes.com/2003/08/01/arts/sam-phillips-who-discovered-elvis-presley-dies-at-80.html|newspaper=The New York Times|access-date=April 25, 2017|date=August 1, 2003}}</ref> in [[Holiday Inn]], a motel chain that was about to expand to a nationwide franchise; he became involved with the chain shortly after selling Elvis Presley's contract to [[RCA Records|RCA]], for $35,000, which he multiplied many times over the years with Holiday Inn. He also created two subsidiary recording labels, [[Phillips International Records]] and [[Holiday Inn Records]]. He also owned the Sun Studio Café in Memphis. One location was in the [[Mall of Memphis]].{{citation needed|date=August 2022}}

Phillips and his family founded Big River Broadcasting Corporation, which owns and operates several radio stations in the [[Florence, Alabama]] area, including [[WQLT-FM]], [[WSBM]], and [[WXFL]].<ref>{{cite web |publisher=Federal Communications Commission |title=Ownership Report for Commercial Broadcast Stations (BOA-19991130ABY) |url=http://fjallfoss.fcc.gov/cgi-bin/ws.exe/prod/cdbs/forms/prod/cdbsmenu.hts?context=25&appn=100556196&formid=323&fac_num=5272 |date=December 10, 1999}}</ref> He also established radio station WLIZ in [[Lake Worth, Florida]] in 1959.{{citation needed|date=August 2022}}