Renaming the company Church & Tower, Mas Canosa obtained a $50,000 loan and became a part owner. Managing Miami operations, he used his growing reputation in the exile community to secure lines of credit and was ultimately able to optimize his workers' construction methods and increase the company's productivity. The company grew from South Miami to Ft. Lauderdale with $40 million in annual revenues in 1980. Church & Tower became the basis for a telecommunications empire that made Mas Canosa one of the richest Hispanic businessmen in the United States; his net worth was estimated at more than $100 million when he died in 1997. Following the incorporation of Mas Canosa's sons into the business became MasTec, Inc. in 1994 when Jorge Mas led a reverse acquisition by its former competitor, Burnup & Sims. As of 2015, MasTec, Inc. (NYSE:MTZ) is a $4.2 billion revenue infrastructure construction company with approximately 15,900 employees and 470 locations. MasTec is a leader in six distinct business lines. Power Generation and Industrial renewable, Natural Gas and Oil Pipeline, Electrical Transmission, Wireless, Wireline Utility Services and DirecTV install to the home. In the early 1980s, Mas Canosa urged President Ronald Reagan to create a radio station aimed at broadcasting news into Cuba. After the station (named Radio Martí, after José Martí) was created, Reagan named Mas Canosa chair of the advisory board of the Office of Cuba Broadcasting, which advised the president on the operation of the station. Station employees later accused Mas Canosa of interfering with station content, including accusations that he had complained that the stations did not give enough coverage to his personal activities. Mas Canosa sued The New Republic for libel after a 1994 article in the magazine referred to him as a "mobster". The case settled out of court for $100,000, and the magazine issued an apology for the title which was chosen without participation of the author of the article Ann Louise Bardach. After the settlement, The New Republic still stands behind the article itself, stating that nothing in the article requires clarification, correction or apology as nothing in it has been proven false or libelous. Mas Canosa repeatedly feuded with the "Miami Herald", which he claimed had Cuban spies among its reporting staff. He accused the paper of fermenting "hate, disinformation and reckless disregard" of the Miami Cuban community. In 1992, after the Herald editorialized against the Torricelli Bill he supported, and the newspaper's Spanish-language "Nuevo Herald" wrote an editorial critical of him, he organized a boycott of the newspaper and posted advertisements on city buses which announced: "I don't believe "The Miami Herald"".