Clear Channel Becomes iHeartMedia

Reflects iHeartRadio Momentum and How Consumers and Advertisers Engage Seamlessly Across The Company’s Diverse Live Media Platforms – Broadcast Radio, Digital, Mobile, Social, TV, Outdoor and Events

Company Continues to Be Built on the Strengths of Most Powerful Local Broadcast Radio Station Brands, Franchises and On-Air Personalities

Clear Channel Outdoor Retains Clear Channel Brand, Continuing to Transform Global Out-of-Home Industry as Integral Part of Company

New York, NY – September 16, 2014 – Clear Channel announced today that it has become iHeartMedia, reflecting the company’s success in becoming a one-of-a-kind multi-platform media company with unparalleled reach and impact.

The newly named company includes a wide range of advertising-supported, consumer-focused media businesses, including 859 radio stations in over 150 markets, with more than 245 million listeners a month -- the largest reach of any radio or television outlet in America; iHeartMedia Digital, with its more than 90 million digital monthly uniques; Premiere Networks, which syndicates 90 radio programs and services to more than 5,500 radio affiliates; the Total Traffic and Weather Network, reaching almost all U.S. commuters; 20,000 live music events, all of which generate massive consumer engagement on social media platforms and the largest of which are even televised; its related companies, including Katz Media Group; as well as Clear Channel Outdoor, one of the world’s largest outdoor advertising companies.

“iHeartMedia reflects our commitment to being the media company that provides the most entertainment to the most engaged audiences wherever they go, with more content and more events in more places on more devices,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. “We have massive consumer reach and influence across our platforms because we know how to program the live content people want to hear, see and share right now, we are the largest mobile media company in existence -- more than 60 percent of our broadcast usage is out of home, compared to just 30 percent for other mobile devices – and we deliver more live programming than any other media company today, built on the national and local on-air personalities who are the heart of our powerful broadcast radio franchises. Combined with Clear Channel Outdoor’s reach of over half a billion people worldwide across 30 countries and five continents, it’s clear that no other company can match our reach or broad spectrum of media platforms.”

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will retain the Clear Channel brand. As it continues to transform the global out-of-home industry, Clear Channel Outdoor’s brand and products will become an even more important part of iHeartMedia’s future.

“Although we are changing the parent company’s name, Clear Channel Outdoor is built into the fabric of our multi-platform company,” said Rich Bressler, President and Chief Financial Officer of iHeartMedia, Inc. “With its continued growth into digital and mobile, Clear Channel Outdoor has tremendous momentum as a leader in the out-of-home advertising industry, and is a more integral part of our company than ever. We’re pleased that the Clear Channel brand, with its long history and respected heritage, will continue on in our Outdoor business.”

iHeartMedia reflects both the success and the cultural impact of the iHeartRadio business formed three years ago and the evolution of the company’s major local radio station brands and franchises to include mobile, social and events. iHeartRadio has become the dominant national consumer brand among the company’s assets with almost 70 percent consumer brand awareness and record-breaking digital growth, reaching 50 million registered users faster than any digital music service, and even faster than Twitter, Facebook and Pinterest. The company’s 859 radio stations have led the way for the entire media business, becoming even more relevant in the lives of their listeners by expanding how they connect with listeners live and in-the-moment in mobile and across its network of social platforms.

“iHeartMedia was created by the strongest broadcast radio stations in the country, and we will continue to build this company the same way – on the country’s strongest radio stations,” said Pittman. “We are especially excited because our digital platform extends the reach and impact for our wildly popular on-air personalities – and it’s a platform that only iHeartMedia provides.”

The new company is fueled by its ability to deliver the reach and scale of broadcast media with the relevance and emotional power of real-time programming, complemented by its culture-defining live events, which have amassed 15.4 billion social impressions. These include the iHeartRadio Music Festival, the biggest live concert event in radio history; the iHeartRadio Jingle Ball Concert Tour; the iHeartRadio Ultimate Pool Party; and the iHeartRadio Music Awards, which garnered more than 65 million votes via text messaging and led the week in the Nielsen social TV ratings.

““In a world where 2x ROI is judged as successful, Nielsen has shown that radio delivers 6x ROI on average. It’s because we combine the power and predictably of mass reach with the immediacy and relevance of live programming and the unique and powerful engagement that consumers have with their favorite radio stations and personalities,” said Pittman. “The opportunity for the new iHeartMedia is to use all of these industry-leading assets together in new ways -- extending our massive reach and cultural influence across radio, outdoor, digital, social and live events to make it easier for advertisers to deliver the most relevant, real-time messages across all our platforms at scale, amplified by social media and mobile, to get a superior ROI to other media.”

“We’re pulling together our powerful local and national brands and industry-leading platforms to make it easier for advertisers to tap into the range of content, audiences and experiences we deliver on devices, in cars, on stages and everywhere consumers want to find information and be entertained,” said Bressler.

Effective today, CC Media Holdings, Inc. (OTCCB: CCMO) will become iHeartMedia, Inc.  In connection with the company’s new brand, the company’s ticker symbol will also change, effective September 17th. Of the company’s major businesses, Clear Channel Media and Entertainment will become iHeartMedia; other company brands, including iHeartRadio, Premiere Networks, Total Traffic and Weather Network, Katz Media Group and RCS, will retain their current names.

For more information, visit the iHeartMedia Fact Sheet. 

About iHeartMedia

With 245 million monthly listeners in the U.S., 97 million monthly digital uniques and 196 million monthly consumers of its Total Traffic and Weather Network, iHeartMedia has the largest reach of any radio or television outlet in America. It serves over 150 markets through 859 owned radio stations, and the company’s radio stations and content can be heard on AM/FM, HD digital radio, satellite radio, on the Internet at iHeartRadio.com and on the company’s radio station websites, on the iHeartRadio mobile app, in enhanced auto dashes, on iPads and smartphones, and on gaming consoles.

iHeartRadio, iHeartMedia’s digital radio platform, is the No. 1 all-in-one digital audio service with over 345 million downloads; it reached its first 20 million registered users faster than any digital service in Internet history and reached 50 million users faster than any digital music service and even faster than Twitter, Facebook and Pinterest. The company’s operations include radio broadcasting, online, mobile, digital and social media, live concerts and events, syndication, music research services and independent media representation.

Clear Channel Takes Next Step in Expanding Digital and Technology Leadership

Brian Lakamp Becomes Clear Channel’s President of Technology and Digital Ventures
iHeartRadio Joins Clear Channel Networks Group Under the Leadership of Darren Davis 

New York, NY – July 8, 2014 – Coming off the extraordinary success of the launch of iHeartRadio 5.0, Clear Channel, one of the leading global media and entertainment companies, announced today that it is taking another important step in its continuing transformation to a consumer-driven, technology-fueled company by naming Brian Lakamp its President of Technology and Digital Ventures.

“Our corporate focus on digital, increasingly leveraging technology to maximize our business, reflects the natural evolution of Clear Channel into a 21st century media company,” said Bob Pittman, Chairman and CEO of Clear Channel. “Creativity is also enabled by technology, and as advertisers’ interest in new and emerging technology options continues to grow, we intend to remain at the forefront of both innovation and creativity. Brian is perfectly positioned to help us – and our consumers, advertisers and content partners – as we continue to build Clear Channel’s digital roadmap for the future.”

In this new role, Lakamp will work closely with Pittman and Rich Bressler, Clear Channel’s President, to lead the overall technology platform and capabilities for all of Clear Channel, maximizing the impact across all of its technology businesses -- including its broadcast, digital radio, events and promotions and out-of-home businesses.  He will also be responsible for developing the company’s overall place in the worlds of big data and programmatic buying. He will serve as the company’s corporate voice on major technology projects, oversee Clear Channel’s relationship with Silicon Valley and the tech community, and develop a corporate strategy that unifies all Clear Channel technology platforms for the benefit of both consumers and advertisers.

“Looking across Clear Channel’s diverse set of media businesses and its unparalleled reach, there are massive opportunities to utilize emerging technologies to unlock business value and offer unmatched possibilities for our advertisers, our audiences and ourselves around analytics, programmatic buying of targeted audiences, and beyond,” said Lakamp. “It has been an honor to lead our iHeartRadio team as we built the fastest growing digital audio service in the history of the Internet, and I am now excited to take on this broader technology role for the entire company."

Lakamp will report to Pittman, and reporting to Lakamp will be Jeff Littlejohn, Executive Vice President of Engineering and Systems Integration; Pete Gerrald, Chief Information Officer; Philippe Generali, President and CEO of Clear Channel’s RCS Worldwide division, the world’s leading producer of broadcast software; and Joe Robinson, Executive Vice President of Strategic Development.

“Digital is now at the core of Clear Channel and is key to all our operating businesses, and putting Brian -- someone with a proven technology and digital track record -- into the most senior level of the company with a clear mandate to keep us in the forefront of using technology to transform our business reflects the increasingly important role that technology is playing at Clear Channel,” said Bressler.

Under this new structure, iHeartRadio will become part of Clear Channel Networks Group, reporting to its president, Darren Davis.

Pittman added, “I'm proud of the incredible work the iHeartRadio group has done under Brian, and I am confident the momentum will continue to grow as they join the Clear Channel Networks Group under the leadership of Darren Davis given his successes in programming and experience in heading our Networks businesses.”

Davis will now be responsible for the entire business of iHeartRadio as well as Premiere Networks, the radio industry's leading network group; Total Traffic and Weather Network; and the 24/7 News Network.

Reporting to Davis will be Pablo Calamera, Chief Technology Officer of iHeartRadio Networks; Jerrell Jimerson, Senior Vice President of Product for iHeartRadio Networks; Brian Kaminsky, Executive Vice President of Operations for iHeartRadio Networks; and Steven Radley, Senior Vice President of Content for iHeartRadio Networks, all of whom were instrumental to the success of the new iHeartRadio 5.0 and the service reaching the 50 million registered user milestone faster than any other streaming music platform and even faster than Facebook and Twitter.

“I look forward to working with the immensely talented iHeartRadio team to build on the tremendous success of iHeartRadio by utilizing the full promotional and creative power of Clear Channel for iHeartRadio Networks,“ said Davis. “I’m excited to continue my collaboration with Brian in his new role to leverage new opportunities and maximize emerging technologies across Clear Channel’s national platforms and services."

About iHeartRadio
iHeartRadio, Clear Channel's digital radio platform, is the No. 1 all-in-one digital audio service, providing both custom radio and the leading live broadcast radio stations from all over the country and in all formats. With over 345 million downloads across multiple platforms, the easy to use iHeartRadio is available on almost 40 devices across web, mobile, tablets, automotive partners, smart TVs, gaming devices and more.   iHeartRadio reached 50 million registered users in just three years – faster than any other digital music service and even faster than Twitter and Facebook – and reached its first 20 million registered users faster than any digital service in Internet history.

Clear Channel to Present at the 2014 J.P. Morgan Global High Yield & Leveraged Finance Conference
 
San Antonio, February 18, 2014:  CC Media Holdings, Inc. (OTCBB: CCMO), along with its wholly-owned subsidiary, Clear Channel Communications, Inc., and its publicly traded subsidiary, Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), announced today that Rich Bressler, President and Chief Financial Officer of CC Media Holdings, Inc., is scheduled to present at the 2014 J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami, Florida on Monday, February 24, 2014 at 9:00 a.m. Eastern Time.  J.P. Morgan does not provide webcasting services for this event. 

Clear Channel and Horizon Media Announce Pioneering $100 Million Multi-Year Cross-Platform Partnership

Alliance Will Create First-to-Market Integrated Marketing Partnership Opportunities for Horizon Clients and Exclusive Access to Select Clear Channel Platforms, Including Out of Home, Broadcast, Mobile, Events and Digital

New York, NY – (February 6, 2014) – Clear Channel, one of the leading global media and entertainment companies specializing in radio, digital, outdoor, mobile, live events, and on-demand entertainment and information services, and Horizon Media, the fastest growing privately-owned media services agency in the world, announced today a pioneering $100 million, multi-year cross-platform partnership providing Horizon and its clients with exclusive access to select integrated, first-to-market opportunities across Clear Channel’s industry leading business and platforms. 

This first-of-its-kind alliance will enable the companies to leverage Clear Channel’s assets – including out of home, broadcast, mobile, digital and events – to benefit Horizon’s clients, proving the effectiveness and ROI of broadcast and out of home through deep integrated marketing partnerships. 

The alliance provides Horizon Media with exclusive rights across key events and promotions, including select Artist Integration Programs, World Premieres, customized shows at Clear Channel’s iconic iHeartRadio Theaters in New York and Los Angeles, as well as special events created just for Horizon clients.  In addition, the agency will have access to the full array of creative talent at Clear Channel Media and Entertainment for special content creation opportunities. 

The partnership will also allow for the co-creation of new psychographic targeting systems utilizing Horizon’s proprietary tools and insights fused with unique music and consumer research built on Clear Channel Media’s industry-leading national reach. The valuable research insights developed throughout the partnership will fuel further media mix model development. 

“We’re excited about this ground-breaking partnership and the positive impact it will have for our clients’ business,” said Bill Koenigsberg, President, CEO and Founder of Horizon Media. “I've been impressed with the transformation of Clear Channel into a multi-platform company that can provide national reach while activating locally and providing measurable ROI.”

“Clear Channel and Horizon are committed to the same goal -- providing our advertising partners with superior ROI on their marketing expenditures,” said Bob Pittman, Clear Channel’s Chairman and CEO.  “We are excited to create new ways to use our unique assets and the powerful, engaged and interactive relationships we have with consumers 24/7 -- and we’re looking forward to taking the innovation to a new level for Horizon partners through this groundbreaking new relationship and creative alliance."

About Horizon Media
Horizon Media, Inc. is the fastest growing media services company in the world and the 8th largest in the US (Adweek 2013). The company was founded in 1989, is headquartered in New York and has offices in Los Angeles, San Diego, Chicago and Amsterdam, Netherlands. Horizon Media was chosen as 2011 Independent Media Agency of the Year by Mediapost, 2010 U.S. Media Agency of the Year by Adweek, Brandweek, and Mediaweek as well as by Ad Age and as one of the world’s ten most innovative marketing and advertising companies by Fast Company in 2011.  In 2012, Bill Koenigsberg, President, CEO and Founder, was honored by Advertising Age as Industry Executive of the Year.
 
The company’s mission is “to create the most meaningful brand connections within the lives of people everywhere.”  By delivering on this mission through a holistic approach to brand marketing, Horizon Media has become the fastest-growing media agency in the industry, with estimated billings of over $4 billion and approximately 800 employees.

The company is also a founding member of Columbus Media International, a multi-national partnership of independent media agencies. For more information, please visit www.horizonmedia.com.

Clear Channel Announces Bob Pittman Extends Contract as Chairman and CEO of Clear Channel

New Agreement Extends Pittman’s Contract for Five Years
John Hogan Retires as Chairman and CEO of Clear Channel Media and Entertainment

New York, NY – January 13, 2014 – CC Media Holdings, Inc. (OTCBB: CCMO), a leading global media, digital and entertainment company, announced today that Chairman and CEO Bob Pittman has extended his contract for an additional 5-year term. Pittman joined Clear Channel in November 2010 as an investor and the company’s Chairman of Media and Entertainment Platforms, became the CEO in 2011 and added the Chairman responsibilities in 2013.

Under Pittman and his team, Clear Channel has begun to leverage its position as the nation’s leading media company by reach to build new brands, products and platforms as well as new opportunities for marketing partners across all platforms. Today the company has a leadership position in radio, outdoor, digital and social, as well as in events nationally and locally with an emerging position in video and TV.

“I initially took on this role because of the one-of-a-kind assets at Clear Channel, with greater reach than any other media company in America, and its people, who have both the creativity and the drive to reinvent the company,” said Pittman.  “The opportunity was irresistible – and it’s been validated by the success of the iHeartRadio digital service, which reached 20 million registered users faster than any service in the history of the Internet -- as well as the transformation of Clear Channel Outdoor to a true media company that connects brands to consumers in increasingly innovative ways, from digital boards to interactive bus shelters to virtual stores connected by mobile devices.  The progress we've made in the last two years has exceeded my expectations and I'm excited to commit to another five years with this amazing team of dedicated innovators.”

The company also announced today that John Hogan, Chairman and CEO of Clear Channel Media and Entertainment, is retiring.  In recognition of his many contributions to Clear Channel, Hogan has been awarded the title of Chairman emeritus of Clear Channel Media and Entertainment.  Hogan joined Clear Channel in 1999 when the Company acquired Jacor Communications, where he was Senior Vice President of Radio.  He was named Chief Operating Officer of Clear Channel Radio two years later, and became President and CEO of Clear Channel Radio in 2002.  He was named as Chairman and CEO of Clear Channel Media and Entertainment in February 2012.
 
Clear Channel Media and Entertainment will now report directly into Pittman and Clear Channel’s President and Chief Financial Officer, Rich Bressler.  William Eccleshare continues as CEO of Clear Channel Outdoor and reports to Bob Pittman.
 
“John Hogan has made tremendous contributions to Clear Channel during his tenure – particularly during the unprecedented economic headwinds our country, our industry and our company, faced in 2008 and 2009,” said Pittman.  “He has been an excellent partner for me and for Clear Channel’s leadership as we have evolved into the only multi-platform media company with national reach and the ability to execute locally.”
 
Pittman continued,  “As my friend and partner in Clear Channel Media and Entertainment, John has been an important element in Clear Channel’s transformation into a multiplatform media company.   There is never a perfect time to make big decisions like this, but his logic was compelling and making this change at the start of a new year made sense.  We thank him for his long service and the enormous positive impact he's had on both our company and the radio industry, and we are delighted that John will remain part of the family with his title of Clear Channel Media and Entertainment Chairman emeritus.”

Since 2011, Clear Channel has focused on utilizing its unique national promotional capabilities to benefit major advertising and marketing partners by enabling them to leverage Clear Channel’s entire portfolio of assets to address their individual needs.  In addition, a number of new initiatives have enabled Clear Channel to become a true multiplatform media company. The company’s businesses include:
Clear Channel Media and Entertainment, which reaches over 240 million people in the United States each month and includes:
Broadcast:  The country’s largest radio group, which serves 150 markets through 840 owned radio stations such as New York’s Z100, Lite FM and Power 105, and Los Angeles’ KIIS-FM and KFI, and includes some of the industry’s best-known personalities, including Ryan Seacrest, Elvis Duran, Steve Harvey, Tom Brokaw, Mario Lopez, Rush Limbaugh, Charlamagne, Jay Mohr, Delilah, Sean Hannity and Bobby Bones;
Clear Channel Digital, which develops and operates iHeartRadio, the free, industry-leading digital radio product that combines access to all of Clear Channel’s live broadcast and digital-only radio stations as well as user-created Custom Stations. Clear Channel Digital also develops the companion digital products for each radio station brand, including strong social components with over 25 million Facebook likes for its stations, shows and personalities;
Media Services for the radio, media, digital, mobile and music industries, including Total Traffic and Weather Network (TTN), the leading provider of traffic, transit and weather information in the United States measured by customers and audience, reaching over 170 million users each month.  TTN provides content to its affiliate partners at over 2,000 radio stations and 200 television stations as well as on the Internet, mobile devices and in-dash applications, and reaches more consumers and more audience than any other traffic provider in the industry; The Katz Media Group, the leading media representation firm in the US for radio and television stations; and RCS, which provides scheduling and broadcast software for radio, internet and television station in addition to research studies that aid the media and music businesses;
Premiere Radio Networks, which syndicates 90 radio programs and services to more than 5,000 radio affiliations and reaches the vast majority of all radio listeners. Premiere is the number one audio content provider in the country and features: Rush Limbaugh, Ryan Seacrest, Glenn Beck, Bob & Tom, Delilah, Steve Harvey, Blair Garner, George Noory, John Boy and Billy, Sean Hannity, Elvis Duran, Jason Lewis, Randi Rhodes, Nikki Sixx, Kane and others.

Vanessa Adamo Joins Clear Channel Entertainment Enterprises As Senior Vice President Of Brand Partnerships
 
Television and Video Veteran to Develop Partnerships Leveraging Clear Channel's Multiple Media Platforms for Marketing and Entertainment Partners
 
New York, NY – November 12, 2013 – Clear Channel announced today that television and media industry veteran Vanessa Adamo has joined the company as Senior Vice President of Brand Partnerships for the Clear Channel Entertainment Enterprises division, reporting to its President John Sykes.
 
The Clear Channel Entertainment Enterprises division drives the company's brands further into the entertainment and media space, leveraging Clear Channel's 840 radio stations, web and outdoor properties and the iHeartRadio platform to create partnerships and large-scale live, on-air and televised events that support artists' projects, add value for advertisers and position Clear Channel as a 360 degree entertainment company.
 
By the end of 2014, Clear Channel will have had at least 18 television shows aired on networks domestically, and distributed internationally in over 30 countries around the world, including franchises like the iHeartRadio Music Festival, Jingle Ball and the iHeartRadio Album Release Party Series.  In addition, Clear Channel has already had dozens of its events video streamed on its own platforms, as well as on other major consumer platforms like PlayStation®3 (PS3™), Xbox and Yahoo.
 
In Adamo's newly created position, she will develop opportunities that grow Clear Channel's business by leveraging the company's multi-media platforms for marketing and entertainment partners.  Adamo will focus on identifying innovative ways to bridge the gap between brands and consumers on new platforms, increasing Clear Channel's visibility and driving new revenue.  Adamo will work closely with all areas of the company including national programming and advertising, sales and marketing.
 
"Vanessa's expertise in both television production and advertising makes her an ideal executive to create and develop branded content for all our platforms at Clear Channel," said Sykes.  "She will be integral to leading our partnership efforts as Clear Channel Entertainment Enterprises rapidly creates more content."
 
"A close friend and mentor once told me that experiences matter and those experiences build brands.  At Clear Channel we have an incredible opportunity to build those experiences, to weave in skilled content storytelling, and in turn elevate our partner's brand products in meaningful ways," said Adamo.  "I look forward to working with the incredible slate of events and partnerships across the entire company — our potential is endless."
 
Adamo brings to Clear Channel Entertainment Enterprises a unique combination of both television and video production in addition to branded content creation and entertainment marketing experience.  Prior to joining Clear Channel, she served as Vice President, Content Director at LiquidThread, Starcom MediaVest group.  She worked with both MTV Networks and The CW on award-winning campaigns for Microsoft's Bing, including Bing & MTV VMA's Most Shareworthy Video and Bing & CW's "TV to Bing About." She also led the branded content programs for Windows Phone, Outlook and most recently the launch of Xbox One. Before this, Adamo was Coordinating Producer for 'The Talk,' Producer for The Tyra Show, Producer of NBC Universal's 'The Maury Show.'

Michael Kassan Expands His Advisory Role With Clear Channel
 
CEO of Highly Influential Media and Technology Consulting Firm MediaLink Will Help Clear Channel Develop Multiplatform Marketing Solutions
 
Sept. 19, 2013 – New York, NY – Clear Channel Communications (OTCBB: CCMO), today announced that widely respected and internationally recognized business strategist Michael Kassan will become a Special Advisor to Clear Channel’s Chairman.
 
Kassan is the Founder, Chairman and CEO of MediaLink, a leading Los Angeles- and New York City-based advisory and business development firm that provides critical counsel and direction on issues of marketing, advertising, media, entertainment and digital technology. His extensive background as a leader in the media and advertising industries includes serving as President/COO and Vice Chairman of Initiative Media Worldwide and President and COO of International Video Entertainment.  Kassan was named by Advertising Age magazine as one of the top media executives in America.
 
Expanding in on Clear Channel’s current partnership with MediaLink, Kassan, will work closely with Clear Channel Chairman and CEO Bob Pittman, Clear Channel Media and Entertainment Chairman and CEO John Hogan, Clear Channel Outdoor CEO William Eccleshare and Clear Channel President and CFO Rich Bressler on the further planning and implementation of strategic marketing and brand development for Clear Channel's businesses.  Kassan will advise on marketing and revenue generating solutions to ensure that Clear Channel maximizes its unmatched assets for existing and potential clients, partners and agencies.
 
“Over the last several years MediaLink has been an important and valuable partner for us, and Michael's expanded role is a testament of his involvement. He has made an effort to be more directly involved in our business, and we of course jumped at the opportunity to have him play an even bigger role with us,” said Hogan. “Michael has shown a strong interest and a deep understanding of Clear Channel's unparalleled capabilities, and will be extremely valuable in helping Clear Channel further capitalize on our unique multiplatform assets and deliver unmatched media solutions to our advertisers.  He is strategic, creative and has an incredible amount of knowledge of the media industry. He believes in our company and knows the value we can bring to advertisers -- and he will be a huge asset to Clear Channel.”
 
“Clear Channel has the “special sauce” that is sought after in media today: the rare combination of proven experience coupled with intelligent innovation. As an organization, it is one of the largest media companies and one of the most nimble in the world.  Its assets are truly multiplatform, connecting bedrock offerings in radio and out-of-home, with show-stopping digital and live experiences.  And, of course, its people – with a team worthy of the word “leadership” that has demonstrated results for both audiences and advertisers across all mediums,” Kassan said.  “I am honored and energized to be serving as a special advisor to Clear Channel, particularly Bob Pittman, John Hogan, William Eccleshare and Rich Bressler, as they further evolves their partnerships with advertisers.”
 
Kassan has also served on the Board of the Hollywood Radio and Television Society, the Commission on California State Government Organization and Economy and the Cultural Affairs Commission – City of Los Angeles and has been Chairman of the State Senate Select Committee on the Entertainment Industry.  Kassan is also a strong supporter of community and not-for-profit programs, and currently serves as Chair of the UJA-New York Marketing Communications Committee. He also plays an active role in children’s education and mentoring, having been involved in both the H.E.L.P. Group, a non-profit organization serving children with special needs, and the Big Brothers/Big Sisters program of Los Angeles.

Richard J. Bressler Named President And Chief Financial Officer Of CC Media Holdings, Inc. And Clear Channel Communications, Inc., And Chief Financial Officer Of Clear Channel Outdoor Holdings, Inc.

Former Time Warner and Viacom CFO Will Help Drive Clear Channel’s Next Stage of Growth as Nation’s Leading Multi-Platform Media and Entertainment Company

July 30, 2013 – New York, NY - CC Media Holdings, Inc. (OTCBB: CCMO) today announced that widely respected media and finance executive Richard J. Bressler will become President and Chief Financial Officer of CC Media Holdings, Inc. and Clear Channel Communications, Inc., and Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), reporting to Chairman and CEO Robert Pittman, effective immediately.

Bressler, who has served as CFO of Time Warner and Viacom and Managing Director at Thomas H. Lee Partners, possesses wide-ranging experience and expertise in the media, entertainment, digital and out-of-home businesses as well as an extensive background in public companies, private equity and venture capital investing.

As a member of Thomas H. Lee Partners, one of the two private equity firms that completed a multi-billion-dollar acquisition of Clear Channel in 2008, Bressler has been a Director of CC Media Holdings, Inc. and Clear Channel Communications, Inc. since then, positions he will continue to hold, and has been intimately involved in the company as a member of the CC Media Holdings board's operating committee.

As President of CC Media Holdings, Inc. and Clear Channel Communications, Inc., Bressler will work closely with Pittman on the further development of strategies and initiatives to ensure that Clear Channel capitalizes on its unique assets.  In his capacity as CFO, Bressler will succeed Tom Casey, who served as Executive Vice President and Chief Financial Officer of CC Media Holdings, Inc., Clear Channel Communications, Inc. and Clear Channel Outdoor Holdings, Inc. from 2010. 

“I know Rich very well, and we have even worked together – twice – at Time Warner.  He has been an invaluable strategic partner for us in his position at Thomas H. Lee Partners, and now he will play an even bigger role in helping Clear Channel fully maximize our unparalleled assets, working closely with me, John Hogan and William Eccleshare and the rest of our leadership team to continue to build the leading multi-platform media and entertainment company in the U.S. with global reach,” said Pittman.  “I recruited Rich for this role because there are few people who have as deep an understanding as he does of our company and the opportunities we have to lead the industry in helping marketers meet the demands of increasingly connected consumers. I’m confident that he’ll add another layer of expertise and experience as we take the company to its next level of growth, and will be a tremendous leader for our financial team.  His keen strategic, financial and analytical skills will be a huge asset to all of Clear Channel.”

“Bob Pittman is a visionary leader, and I’m incredibly excited by the opportunity to play a more direct role in the company’s next stage of growth and development,” said Bressler.  “I’m a great believer in the power and potential of Clear Channel and have been proud to have a seat at the table as the company has expanded its position as a leader in the broadcast radio, digital media, entertainment and out-of-home businesses.  I’m looking forward to partnering with Bob, William and John to help the company fulfill its potential as a truly transformative multi-platform media company.”
 
“There is no better, more experienced executive Bob Pittman could have recruited for this important role than Rich Bressler,” said Scott Sperling, co-President of Thomas H. Lee Partners. “Bob and his team have achieved strong revenue growth driven by accelerating increases in market share, expanding the universe of Clear Channel advertisers, and building a leadership position in the transition to digital platforms. With this traction on top of the broad process reengineering work already completed, we have great confidence in the Company and are highly supportive of Rich's transition from helping lead our investment in Clear Channel to being a dedicated executive there on a full time basis.”

“We are very excited about the transformation of Clear Channel in the last several years into a true multi-media platform," said John Connaughton, a Managing Director at Bain Capital.  "Rich will advance this mission with his exceptional track record as an executive at several premier media companies.  Having worked with Rich over the last seven years, I know he will use his experience, in-depth knowledge of the company, and enduring relationships with Bob and the leadership to continue to grow the business and bring unique skills to an already-strong senior management team."

Pittman continued, “I’d like to extend my most sincere thanks to Tom Casey for his significant contributions to Clear Channel over the last several years that set the stage for the company’s continued evolution.  Especially notable has been all his work during the completion of the recent debt refinancings, which strengthened our financial position and prepared our company for its next stage of growth.  With these transactions complete, it’s a natural time for this transition, which will enable Clear Channel to maximize its potential and take advantage of the company’s promise and value.  We wish Tom all the best for the future.” 

Prior to joining Thomas H. Lee Partners, Bressler was the Senior Executive Vice President and Chief Financial Officer of Viacom, Inc. from 2001 through 2005.  He also served as Chairman and Chief Executive Officer of Time Warner Digital Media, and was Executive Vice President and Chief Financial Officer of Time Warner, Inc. from 1995 to 1999.

The Chairman and CEO of Clear Channel Media and Entertainment, John Hogan, and the CEO of Clear Channel Outdoor Holdings, Inc., William Eccleshare, will continue to report to Mr. Pittman.

Berlin School and Clear Channel Launch Competition for Leadership in Audio Innovation - Winner Receives Full-Tuition Scholarship To Attend Berlin School Global EMBA Program  
 
Clear Channel Creates Council of Advertising Thought Leaders to Improve Audio and Out-of-Home Advertising Impact and Effectiveness; New Council To Judge Leadership Competition
 
Berlin – 12 June 2013 – The Berlin School of Creative Leadership and Clear Channel Media and Entertainment announced today the launch of the “Clear Channel Scholarship for Leadership in Audio Innovation” program.  The winner will receive a full-tuition scholarship (worth 53,000 Euro) to attend the Berlin School's prestigious global Executive MBA in Creative Leadership Program starting March 2014. Entries are being accepted from now through October 31, 2013 and will be judged by the Berlin School and Clear Channel’s newly formed Creative Advisory Council (CAC); entrants to the competition will be considered on both their professional and academic profile, as well as their response to a special essay question about innovative audio strategies.
 
The global scholarship competition kicks off Clear Channel’s overarching creative advertising initiative designed to drive excitement among the creative community, centered on the possibilities audio and out-of-home platforms offer and to develop leadership talent in the field.  Beginning with the Berlin School scholarship, Clear Channel will help to develop leadership talent in the field of audio communications.  In conjunction with the competition kickoff, Berlin School President Michael Conrad will welcome Bob Pittman, Clear Channel Chairman and CEO, to the Berlin School in Cannes on Tuesday, June 18 at 5:15 p.m. for an exclusive fireside chat to discuss Pittman’s strategy for fostering creativity and innovative thinking at Clear Channel.  
 
“We are proud to work with the Berlin School and our new Creative Council to award this scholarship to the audio industry's next creative innovator,” said Pittman. “Joining forces with the Berlin School to drive education and awareness of the value that audio advertising offers is a key initiative for us, and the Berlin School is a perfect global partner to foster such training and development.  I am also so pleased to welcome the amazing talents who have joined our Creative Advisory Council which I am confident will make a lasting impact on the media landscape in both audio and out-of-home.” 
 
Members of the Berlin School Admission Committee will work closely together with Clear Channel’s newly formed Creative Advisory Council to review, evaluate and select the scholarship winner.   Clear Channel Media and Entertainment and Clear Channel Outdoor formed the new Creative Advisory Council to help provide expert insights to guide the development of innovative approaches to audio and out-of-home advertising to maximize each medium’s creative possibilities, as well as consider the important role these media play within the larger marketing mix.
 
Distinguished industry and agency thought leaders among the first to join the Clear Channel Creative Council are:
 
Jeff Benjamin, Chief Creative Officer, North America, JWT
Lincoln Bjorkman, EVP, Chief Creative Officer, North America,  Digitas
Andrew Essex, Vice Chairman, Chief Executive Officer, Droga5
Paul Gunning, Chief Executive Officer, Tribal Worldwide
Jonathan Hoffman, Chief Experience Officer, Starcom MediaVest Group
Andrew Keller, Partner/Chief Executive Officer, Crispin Porter + Bogusky
Paul LaVoie, Chairman, TAXI
Benjamin Palmer, CEO / Chief Creative Officer, The Barbarian Group
Chuck Porter, Partner/Chairman, Crispin Porter + Bogusky
David Sable, Global Chief Executive Officer, Y&R
Taras Wayner, SVP, Executive Creative Director, New York, R/GA
 
Clear Channel plans to further expand the Creative Council and will continue to share key insights aimed at impacting and inspiring creative advertising industry-wide.
 
Sheridan Johns, director of the Berlin School, said the scholarship from Clear Channel adds a new dimension to the mix of students in the global EMBA program.  “We are incredibly excited about this scholarship. With the rise of social media in recent years, people tend to forget the bedrock and ubiquity of radio on the media and advertising landscape,” Johns said. “The scholarship aims to provide Clear Channel as well as the entire industry with exciting, fresh ideas on how creative leadership applies to the vibrant field of audio communication, including innovative developments in radio.”
 
The part-time EMBA program starts March 16, 2014 in Berlin and is designed for senior executives in the creative industry who have a track record for creative excellence. The Executive MBA comprises of five separate two-week modules taking place in the USA, Asia and Berlin over 12-24 months.  The ideal candidates should be accomplished senior executives in the creative industries with a strong professional background and track record of creative excellence. A bachelor’s degree is a required.  Application Deadline: October 31, 2013, please visit http://www.berlin-school.com/programs/exec-mba-in-creative-leadership/scholarships/.
 
If you have any questions please contact the Berlin School at tel. +49 (0)30 884 980 80 or via email: info@berlin-school.com.