iHeartMedia, Inc. Announces First Closing of Sale of Select Portfolio of Radio Towers to Vertical Bridge for $369 Million 
 
Company Also Finalizes Lease Arrangement To Continue To Use Those Towers To Broadcast Its Radio Stations 
 
April 8, 2015 – New York, NY – iHeartMedia, Inc. (OTCBB: IHRT), one of the leading global media and entertainment companies, announced today that the first closing of the sale of a select portfolio of its tower assets to Vertical Bridge has occurred. Initial closing proceeds were approximately $369 million prior to fees and customary adjustments for prorated items.  Additional closings are expected to occur.
  
As previously announced, there will be no impact on the company’s broadcast capabilities and operations; the company has entered into a lease with respect to the sold tower assets that will ensure the ability of its broadcast operations to continue without interruption.  The company also reiterated that investors should expect incremental lease expense as a result of the transaction.
 
“We are very pleased that this transaction has closed, and will continue to seek other opportunities to efficiently operate our portfolio of assets while maximizing liquidity,” said Richard J. Bressler, President, Chief Operating Officer and Chief Financial Officer of iHeartMedia, Inc. 
 
“We are excited to have completed this closing with our new partner, iHeartMedia, and are looking forward to a longstanding and successful relationship. Many of these assets are located in metropolitan and hard-to-site areas that we will make accessible to all of our wireless and broadcast clients,” said Alexander L. Gellman, CEO and Co-founder of Vertical Bridge.
 
Guggenheim Securities, LLC arranged the debt financing for Vertical Bridge Holdings, LLC in this transaction.
 
About Vertical Bridge Holdings, LLC
Vertical Bridge Holdings, LLC is a privately-owned real estate investment trust focused on the ownership of wireless communication towers in the U.S. The company owns, operates and manages telecommunications towers, rooftops, and site locations across the country. Vertical Bridge was founded in 2014 by Digital Bridge Holdings, LLC as well as certain key executives from Global Tower Partners, and is headquartered in Boca Raton, Florida.  For more information, please visit www.verticalbridge.com or contact Erica Robertson at: 561-406-4032.

Joseph Robinson Becomes President of New iHeartMedia Ventures Group
 
NEW YORK, NY ­ - March 24, 2015 - ­ iHeartMedia today announced that Joseph Robinson has been promoted to President of iHeartMedia Ventures, working to develop high-value strategic opportunities with media, technology, and content companies. Robinson, who has over 20 years of investment and management experience, will be reporting to Rich Bressler, President, COO and CFO of iHeartMedia, Inc.
 
As the company's Executive Vice President of Strategic Development, Robinson was instrumental in both evaluating and executing strategic acquisitions and equity partnerships and alliances in emerging, high-growth digital and technology companies that had important strategic links to iHeartMedia.
 
"Joe has played an invaluable role in helping iHeartMedia explore new digital and technology opportunities for both consumer-facing and internal initiatives," said Bressler.  "I'm delighted that Joe is expanding his role with us; his new leadership position will be instrumental in our continued success as a 21st century media company ­ one that is both relentlessly forward-looking on the technology front and focused on using iHeartMedia's cross-platform assets in creative ways that help redefine the future of consumer media and entertainment."   
 
"As iHeartMedia pushes new technology and data-driven initiatives, I'm excited to be the bridge between our company and others that can provide solutions to these continuing needs," said Robinson.  "iHeartMedia appreciates and values innovation, not only in our own company but in partners as well.  I'm excited to expand my outreach to all of those who are building the future."
 
iHeartMedia Ventures will enable iHeartMedia to be nimble and to choose best in class solutions and technologies while retaining and supporting core teams and knowledge. Additionally, because of its size and multi-platform asset base, iHeartMedia can help accelerate the companies it invests in and partners with by promoting and deploying portfolio company products across its vast network ­ making a significant difference to young companies trying to break into established markets.
 
"Joe has a proven track record of spotting innovators and cutting-edge products that can enable our vision of the future," said Bob Pittman, Chairman and CEO of iHeartMedia, Inc.  "I've worked with Joe for almost ten years, and I'm excited about his expanded role and the impact it can have on accelerating our new products, technologies and our entrance into data-driven solutions for our consumers and marketing partners."

Prior to joining iHeartMedia, Robinson founded Halo Venture Partners, a venture investment company focused on digital media, advertising and media-related technology companies. Robinson's investments include Scout Media, a sports social network sold to Fox in 2005, UGO Networks, a male targeted advertising network, which was sold to Hearst in 2007 and InterWorld, Inc., a publicly traded e-commerce solutions provider.

iHeartMedia, Inc. Announces Sale of a Select Portfolio of Its Radio Towers to Vertical Bridge for $400 Million
 
Company Converts to Lease Arrangement To Continue To Use Those Towers To Broadcast Its Radio Stations
 
December 11, 2014 – New York, NY – iHeartMedia, Inc. (OTCBB: IHRT), one of the leading global media and entertainment companies, announced today the sale of a select portfolio of its tower assets to Vertical Bridge for up to $400 million.  The transaction is subject to due diligence and other customary closing conditions.
 
The transaction is expected to close in Q1 2015.  There will be no impact on the company’s broadcast capabilities and operations; at closing, the company will enter into a lease with respect to the sold tower assets that will ensure the ability of its broadcast operations to continue without interruption.  The company also advised that investors should expect incremental lease expense as a result of the transaction.
 
“This is a great example of how we continue to optimize our balance sheet and maximize liquidity -- and how we continually review our entire portfolio of assets to ensure we operate them in the most efficient way possible and invest our resources in the highest return opportunities,” said Richard J. Bressler, President and Chief Financial Officer of iHeartMedia, Inc.
 
“We are excited to add this high quality tower portfolio to our existing assets,” said Alexander L. Gellman, CEO of Vertical Bridge Holdings, LLC. “We are looking forward to a strong partnership with iHeartMedia.  In addition to being a premier broadcast portfolio, these sites already have many broadband telephony and data tenants and the capacity and potential to add many more. With this latest transaction, Vertical Bridge now has approximately 2000 revenue producing sites that are owned or under definitive agreement.”
 
About Vertical Bridge Holdings, LLC
Vertical Bridge Holdings is a privately-owned real estate investment trust focused on the ownership of wireless communication towers in the U.S. The company owns, operates and manages telecommunications towers, rooftops, and site locations across the country. Vertical Bridge was founded in 2014 by Digital Bridge Holdings, LLC as well as certain key executives from Global Tower Partners and is headquartered in Boca Raton, Florida. For more information, please visit www.verticalbridge.com or call Traci Clancy at 561-948-6367.

Gayle Troberman Named iHeartMedia’s Executive Vice President and Chief Marketing Officer
 
Advertising and Creative Visionary Will Develop Strategies to Connect Company’s Multiple Brands Even More Closely To Consumers
Troberman Will Bring Her Marketing Expertise, Creativity and Experience to Work With Brand Partners Across Radio, Digital, Outdoor, Mobile, Social and Live Event Platforms
 
New York, NY – October 15, 2014 – iHeartMedia Inc., one of the leading global media and entertainment companies, announced today that visionary advertising and media executive Gayle Troberman is joining the company as Executive Vice President and Chief Marketing Officer.
 
In this newly created role, Troberman will work with all of iHeartMedia, Inc.’s businesses to connect them more closely to consumers, helping integrate the company’s brands, products and platforms even more deeply into consumers’ daily lives.  She will also bring her marketing expertise, creativity and experience to developing a marketing innovation agenda that fully leverages the company’s extensive range of content, experiences and technologies to bring brands together in new ways with consumers of all of the company’s businesses, including Clear Channel Outdoor, one of the world’s largest outdoor advertising companies; iHeartMedia’s 859 radio stations in more than 150 markets; and iHeartRadio, iHeartMedia’s digital radio platform.  Troberman will report to iHeartMedia, Inc.’s Chairman and CEO Bob Pittman.
 
Troberman, a highly respected marketing industry veteran, joins iHeartMedia from IPG Mediabrands, where she served as Chief Marketing and Ideas Officer.  Prior to this position, Troberman spent 16 years at Microsoft as Chief Creative Officer where she was responsible for the company’s portfolio of brands and global advertising campaign across consumer and b to b products including Windows, Office, Bing, and XBOX.  She was also an early internet innovator, creating the industry’s first branded entertainment division at MSN, where she developed many of first online video series and pioneered the premise that with the Internet, brands, agencies and media companies could collaborate in entirely new ways, breaking down the barriers between marketers, creators, engineers and consumers. Troberman joined Microsoft from Manning Selvage and Lee, where she served as Vice President, Consumer Marketing and focused on applying consumer public relations principles to a broad range of technology brands and products before they developed paid media and advertising strategies.
 
“We’re delighted that Gayle is joining us at such a pivotal moment for iHeartMedia – just as we renamed our company to take full advantage of our position as a one-of-a-kind, multi-platform media company with unparalleled reach and impact,” said Pittman.  “As EVP and Chief Marketing Officer for our entire company, Gayle will help us connect even more deeply to the hundreds of millions of consumers monthly who rely on us for the best music, personalities, entertainment, news, events, information and more, everywhere they want to find it -- and as importantly, she will be able to reach across all of our companies and brands to provide fresh, out-of-the box thinking to our teams and our clients that will help them co-create and innovate together in new ways to garner the biggest possible ROI from radio, digital, outdoor and events.”
 
“iHeartMedia is the ultimate, live creative playground,” said Troberman.  “No other company can match iHeartMedia’s incredible reach and range of live platforms, talent and content.  It’s a media company, it’s an entertainment company and it’s the biggest creator of live content across speakers, screens and stages.  At iHeartMedia, there’s so much opportunity to create entirely new brand experiences that excite, engage, and humanize marketing -- and that’s what excites me about joining forces with this incredible team.”

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.'