Clear Channel Communications, Inc. Announces It Has Received Requisite Consents To Amendments To Its Credit Facilities

Clear Channel Communications, Inc. Announces It Has Received Requisite Consents To Amendments To Its Credit Facilities
San Antonio, TX, October 22, 2012 - Clear Channel Communications, Inc. (“CCU”) announced today that it has obtained the requisite consent of lenders under its cash flow credit facilities to certain amendments to the agreement governing the cash flow credit facilities (the “Amendment”).
Upon effectiveness, the Amendment will, among other things: permit exchange offers of term loans for new debt securities in an aggregate principal amount of up to $5.0 billion; provide CCU with greater flexibility to prepay tranche A term loans; following the repayment or extension of all tranche A term loans, permit below par non-pro rata purchases of term loans pursuant to customary Dutch auction procedures whereby all lenders of the class of term loans offered to be purchased will be offered an opportunity to participate; following the repayment or extension of all tranche A term loans, permit the repurchase of junior debt maturing before January 2016 with cash on hand in an amount not to exceed $200 million; combine the term loan B, the delayed draw term loan 1 and the delayed draw term loan 2 under the cash flow credit facilities; preserve revolving credit facility capacity in the event CCU repays all amounts outstanding under the revolving credit facility; and eliminate certain restrictions on the ability of Clear Channel Outdoor Holdings, Inc. and its subsidiaries to incur debt.
The Amendment is expected to become effective concurrently with the closing of an offer to exchange a portion of the term loans under the cash flow credit facilities for new debt securities to be issued in a private placement by CCU. 
There can be no assurance that the Amendment will become effective, on the terms described above or otherwise.  This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation or an offer to buy any securities of CCU or any of its affiliates.
About Clear Channel Communications
Clear Channel Communications, Inc. is one of the leading global media and entertainment companies specializing in radio, digital, outdoor, mobile, live events and on-demand entertainment and information services for local communities and providing premier opportunities for advertisers.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on current CCU management expectations.  These forward-looking statements include all statements other than those made solely with respect to historical facts and include, but are not limited to, statements regarding the closing of the Amendment.  Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements.  These risks, uncertainties and other factors include, but are not limited to, the terms and timing of, and whether or not CCU will ultimately consummate, the Amendment and the related transactions.  Many of the factors that will determine the outcome of the subject matter of this press release are beyond CCU’s ability to control or predict.  CCU undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Contact
For further information, please contact:
   
Media
Wendy Goldberg
Senior Vice President – Communications
(212) 549-0965
Investors
Brian Coleman
Senior Vice President and Treasurer
(210) 822-2828
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Clear Channel Communications, Inc. Announces It Is Pursuing Amendments To Its Credit Facilities

Clear Channel Communications, Inc. Announces It Is Pursuing Amendments To Its Credit Facilities
San Antonio, TX, October 12, 2012 - Clear Channel Communications, Inc. (“CCU”) announced today that it is pursuing amendments to its cash flow credit facilities (the “Amendment”).
The Amendment would, among other things: permit exchange offers of term loans for new debt securities in an aggregate principal amount of up to $5.0 billion; provide CCU with greater flexibility to prepay tranche A term loans; following the repayment or extension of all tranche A term loans, permit below par non-pro rata purchases of term loans pursuant to customary Dutch auction procedures whereby all lenders of the class of term loans offered to be purchased will be offered an opportunity to participate; following the repayment or extension of all tranche A term loans, permit the repurchase of junior debt maturing before January 2016 with cash on hand in an amount not to exceed $200 million; combine the term loan B, the delayed draw term loan 1 and the delayed draw term loan 2 under the cash flow credit facilities; preserve revolving credit facility capacity in the event CCU repays all amounts outstanding under the revolving credit facility; and eliminate certain restrictions on the ability of Clear Channel Outdoor Holdings, Inc. and its subsidiaries to incur debt.
The Amendment requires the consent of a majority of the outstanding loans and commitments under the cash flow credit facilities and a majority of the outstanding loans of each class of term loans under the cash flow credit facilities to become effective.  Affiliates of Bain Capital, LLC and Thomas H. Lee Partners, L.P. (together, the “Sponsors”), which are affiliates of CCU, are existing holders of term loans under the cash flow credit facilities and have committed to consent to the Amendment.  In addition, CCU has obtained the commitment to consent to the Amendment of certain funds and accounts managed by each of Angelo Gordon & Co., Apollo Global Management, LLC, Canyon Capital Advisors LLC and Oaktree Capital Management LP.  These lenders and the Sponsors collectively represent approximately 46% of the outstanding loans and commitments under the cash flow credit facilities.  The lenders’ consent to the Amendment will be due by 12:00 noon, New York City time, on October 19, 2012.
 
There can be no assurance that the Amendment will become effective, on the terms described above or otherwise.  This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation or an offer to buy any securities of CCU or any of its affiliates.
 
Contact
For further information, please contact:
   
Media
Wendy Goldberg
Senior Vice President – Communications
(212) 549-0965
Investors
Brian Coleman
Senior Vice President and Treasurer
(210) 822-2828
 
About Clear Channel Communications
Clear Channel Communications, Inc. is one of the leading global media and entertainment companies specializing in radio, digital, outdoor, mobile, live events and on-demand entertainment and information services for local communities and providing premier opportunities for advertisers.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on current CCU management expectations.  These forward-looking statements include all statements other than those made solely with respect to historical facts and include, but are not limited to, statements regarding the proposed Amendment.  Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements.  These risks, uncertainties and other factors include, but are not limited to, the terms and timing of, and whether or not CCU will ultimately consummate, the Amendment and the related transactions.  Many of the factors that will determine the outcome of the subject matter of this press release are beyond CCU’s ability to control or predict.  CCU undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
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Clear Channel Communications, Inc. Announces Proposed Private Offer To Exchange Up To $2.0 Billion Aggregate Principal Amount Of Term Loans For A Like Principal Amount Of Newly Issued 9.0% Priority Guarantee Notes Due 2019

Clear Channel Communications, Inc. Announces Proposed Private Offer To Exchange Up To $2.0 Billion Aggregate Principal Amount Of Term Loans For A Like Principal Amount Of Newly Issued 9.0% Priority Guarantee Notes Due 2019
San Antonio, TX, October 12, 2012 - Clear Channel Communications, Inc. (“CCU”) announced today that it has commenced a private offer to exchange up to $2.0 billion aggregate principal amount of term loans under its cash flow credit facilities for a like principal amount of newly issued CCU 9.0% priority guarantee notes due 2019 (the “Notes”).  The exchange offer, which is only available to eligible lenders under CCU’s cash flow credit facilities, is being made pursuant to an Offering Circular dated October 12, 2012, and is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).
Concurrently with the exchange offer, CCU is pursuing amendments to certain provisions of the cash flow credit facilities (the “Amendment”).  Lenders must consent to the Amendment in order to validly submit their term loans for exchange in the exchange offer.
Eligible lenders of term loans under CCU’s cash flow credit facilities must submit a letter of participation on or prior to 12:00 noon, New York City time, on October 19, 2012, unless extended (the “Participation Deadline”), in order to be eligible to receive Notes in the exchange offer.  The amount of each lender’s term loans that will be accepted in exchange for Notes will be subject to reduction on a pro rata basis as described in the Offering Circular.
Letters of Participation may be validly withdrawn until the Participation Deadline, but not thereafter.  Letters of Participation that are properly submitted at any time prior to the Participation Deadline and not validly withdrawn prior to the Participation Deadline will be binding.
Consummation of the exchange offer is subject to the satisfaction or waiver of certain conditions, including the Amendment becoming effective.  CCU reserves the right, in its sole discretion, to waive or modify any one or more of the conditions to the exchange offer.
The Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior basis by CCU’s parent, Clear Channel Capital I, LLC, and all of CCU’s existing and future domestic wholly-owned restricted subsidiaries.  The Notes and the related guarantees will be secured by (1) a lien on (a) the capital stock of CCU and (b) certain property and related assets that do not constitute “principal property” (as defined in the indenture governing certain existing senior notes of CCU), in each case equal in priority to the liens securing the obligations under CCU’s cash flow credit facilities and existing priority guarantee notes and (2) a lien on the accounts receivable and related assets securing CCU’s receivables based credit facility junior in priority to the lien securing CCU’s obligations thereunder.  In addition to the collateral granted to secure the Notes, the collateral agent and the trustee for the Notes will enter into an agreement with the administrative agent for the lenders under the cash flow credit facilities to share in a certain percentage of any proceeds realized on collateral consisting of principal properties.
The Notes and related guarantees will be offered only in reliance on exemptions from registration under the Securities Act.  The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.
This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to buy the Notes or any other securities.  The offer to exchange is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful.  Any offers of the Notes will be made only by means of the Offering Circular.
 
Contact
For further information, please contact:
   
Media
Wendy Goldberg
Senior Vice President – Communications
(212) 549-0965
Investors
Brian Coleman
Senior Vice President and Treasurer
(210) 822-2828
 
About Clear Channel Communications
Clear Channel Communications, Inc. is one of the leading global media and entertainment companies specializing in radio, digital, outdoor, mobile, live events and on-demand entertainment and information services for local communities and providing premier opportunities for advertisers.
Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements based on current CCU management expectations.  These forward-looking statements include all statements other than those made solely with respect to historical facts and include, but are not limited to, statements regarding the proposed Amendment.  Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements.  These risks, uncertainties and other factors include, but are not limited to, the terms and timing of, and whether or not CCU will ultimately consummate, the Amendment and the related transactions.  Many of the factors that will determine the outcome of the subject matter of this press release are beyond CCU’s ability to control or predict.  CCU undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
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John Hogan Promoted to Chairman and CEO Of Clear Channel Media and Entertainment

John Hogan Promoted to Chairman and CEO Of Clear Channel Media and Entertainment

Award-Winning Radio Veteran Has Overseen Rebranding and Integration of Extensive Assets and Franchises, Like Iconic Brands KIIS FM, Z100, KFI And Others, Across Platforms Including Broadcast Radio, Satellite, HD, Online, and Mobile
Continues to Drive Innovations that are Listener-, Artist-, and Advertiser-Friendly

New York, NY – February 23, 2012 – CC Media Holdings, Inc. (OTCBB: CCMO), a leading global media, digital and entertainment company, today announced the promotion of John Hogan to Chairman and CEO of Clear Channel Media and Entertainment effective immediately. Mr. Hogan has served as President and CEO of Clear Channel Radio since 2002.

Hogan’s promotion follows the rebranding of Clear Channel Radio as Clear Channel Media and Entertainment, reflecting its continued efforts to deliver the best, most vital and engaging entertainment and content from leading franchises, including the iconic KIIS FM, Z100, KFI and many others, to diverse audiences across a range of platforms – broadcast radio; online via the iHeartRadio digital platform and radio stations’ websites; HD; satellite; and mobile.

Clear Channel Media and Entertainment, with its 238 million monthly listeners in the U.S., has the largest reach of any radio or television outlet in America. With more than 54 million downloads and more than 90 million listening hours in January, its iHeartRadio platform is the number one free broadcast radio app on the iPhone and Android.

Clear Channel Media and Entertainment also includes a number of media services that serve the radio, television, digital, mobile and music industries, including Premiere Networks, which syndicates 90 radio programs and services to more than 5,000 radio station affiliates; Total Traffic Network, a groundbreaking programming and technology service delivering real-time traffic data to vehicles via in-car and portable navigation systems, broadcast media, wireless and Internet-based services; The Katz Media Group, the leading media representation firm in the U.S. for radio and television stations; and RCS, which provides scheduling and broadcast software for radio, Internet and television stations in addition to research studies that aid the media and music businesses.

Hogan’s team recently spearheaded two major integrated marketing campaigns for key media partners: the hugely successful campaign for the debut of Madonna’s newest single, “Give Me All Your Luvin’” and album, MDNA; as part of the campaign, Clear Channel Media and Entertainment used extensive on-air and online promotions to drive listeners and Madonna fans to iTunes, where they could buy the new single and pre-order MDNA, scheduled to be released in March. The campaign helped make MDNA the biggest one-day pre-order in iTunes history. Clear Channel Media and Entertainment also partnered with NBC on unique promotional campaigns for its show The Voice and new series Smash; through content integration, promotional support, strategic media placement and social media integration across its powerful brands and platforms, Clear Channel helped propel The Voice to the No. 1 show of the evening and NBC’s highest-rating regular telecast in nearly five years, while Smash scored this season’s best ratings for any 10 p.m. drama across prime time networks.

The team also led the unprecedented “localized national” effort for American Express’s Small Business Saturday campaign, which had an enormous positive impact on small retailers nationwide; and the iHeartRadio Music Festival in Las Vegas, the biggest live music event in radio history.

“Under John’s strong leadership and vision, Clear Channel Media and Entertainment has integrated the company’s assets so that it is today the leading media and entertainment company in the U.S. with a greater reach than any other radio or television outlet. It provides a one-of-a-kind national platform for partners in addition to the powerful local activation market by market and demo by demo,” said Bob Pittman, CEO of Clear Channel. “He has built a deep creative and management team that is fulfilling the company’s commitment to offering the best entertainment, news, sports, and other experiences everywhere our listeners want us to be—on air, online, on mobile devices, and on a wide variety of emerging devices and platforms. We feel fortunate that Clear Channel Media and Entertainment has a leader like John in the driver’s seat at this transformational moment in its history.”

“I am pleased and honored to be named to this position, which is a clear endorsement of the soundness of our strategy, the value of our assets, and the depth of the incredible team we are building here,” said John Hogan. “I appreciate the energy and vision that Bob Pittman has brought to the organization and look forward to pursuing with Bob the vision we share as we continue to push the boundaries of the definition of entertainment, giving our audience what they want now and in the future.”

History of a Radio Industry Veteran

Named Clear Channel Radio’s President and CEO in August 2002, Hogan has led the company’s expansion beyond its broadcast radio roots into new businesses and new technologies. He has overseen the development of an infrastructure and culture that united Clear Channel’s 850 stations in 150 cities into a single integrated organization, transforming it into America’s only radio company that offers true local presence combined with national reach. With 238 million monthly listeners and 40 million monthly digital users, Clear Channel has a greater reach than any other radio or television outlet in the U.S. Clear Channel Radio was re-branded Clear Channel Media and Entertainment in January 2012.

Clear Channel Media and Entertainment has multiple distribution platforms, including AM/FM stations, HD radio channels, Sirius/XM satellite, iHeartRadio.com, the iHeartRadio mobile application on iPads and smartphones, the company’s individual radio station websites and navigation systems from TomTom, Garmin and others. Hogan also has driven the company’s strategy to support advertising partners, labels, and artists with creative, integrated marketing campaigns that reach target audiences across multiple platforms.

Hogan’s unwavering focus on talent has led directly to Clear Channel’s unmatched lineup of on-air personalities – from Ryan Seacrest to Rush Limbaugh, Steve Harvey and Elvis Duran. He also is responsible for the company’s leadership in programming, including innovative, one-of-a-kind services for Clear Channel’s best-in-the-industry programmers.

Hogan’s vision for the radio industry has been honed and cultivated over more than two decades of hands-on radio broadcasting experience, beginning in 1981 in Atlanta, Georgia, where he started his career as an account executive with Meredith Broadcasting. In 1989, Hogan was promoted to General Manager and became Market Manager of the Atlanta group in 1994. Two years later, he was appointed Senior Vice President for Radio at Jacor Communications, where he was instrumental in significantly expanding its radio holdings. In 1999, Clear Channel Communications acquired Jacor and expanded Hogan’s responsibilities to include urban hubs, such as Los Angeles, New York, Houston, and Dallas. After just two years with Clear Channel, Hogan was named Chief Operating Officer, becoming Chief Executive Officer the following year (2002).

As a pioneering leader in the radio industry, Hogan’s many accolades include recognition by Billboard in its 2012 “Power 100 List” and by Radio Ink as No. 1 in its “40 Most Powerful People in Radio” in 2009 and 2010 and No. 2 in 2011 (after Clear Channel CEO Bob Pittman).

Hogan has served on the boards of the National Association of Broadcasters (NAB), the Advertising Council, American Women In Radio and Television (AWRT), and the Emma L. Bowen Foundation for Minority Interest in Media. Hogan graduated from Lake Forest College in 1979.

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Clear Channel’s Worldwide Multi-Platform Promotion Of Madonna’s New Single “Give Me All Your Luvin’” Helps Propel MDNA Album To No. 1 On iTunes, Drives Record-Breaking Sales

Clear Channel’s Worldwide Multi-Platform Promotion Of Madonna’s New Single “Give Me All Your Luvin’” Helps Propel MDNA Album To No. 1 On iTunes, Drives Record-Breaking Sales

Day One Advance Album Sales Higher Than Any Other Artist Pre-order in iTunes History

New York, NY – February 9, 2012 – Clear Channel’s worldwide multi-platform promotion of Madonna’s new single “Give Me All Your Luvin'” helped to propel the iconic superstar’s album  MDNA to no. 1 on iTunes and drove record-breaking advance sales.

Last Friday, February 3, Clear Channel, a leading global media and entertainment company, world premiered Madonna’s highly anticipated new single and video, “Give Me All Your Luvin’,” across its full range of media platforms, including radio, outdoor, online and mobile.  As part of the campaign, Clear Channel used extensive on-air and online promotions to drive listeners and Madonna fans to iTunes, where they could buy the new single and pre-order MDNA, scheduled to be released in March.

Campaign Propels Album to No. 1 on iTunes, Drives Advance Sales

The campaign, which marked a first-of-its-kind worldwide promotion by Clear Channel, helped make MDNA the biggest one-day pre-order in iTunes history and by day three, MDNA ranked at No. 1 in iTunes stores in 50 countries.

“Clear Channel Media and Entertainment’s global reach on the Madonna launch was unprecedented, and we couldn’t be more excited about our partnership,” said Brenda Romano, President of Promotion Interscope Geffen and A&M.  “Their willingness to work with us on every element of the simultaneous, multi-platform campaign -- everywhere Madonna fans are -- exceeded our expectations and was instrumental in driving pre-sale of Madonna's new album MDNA.”

“You cannot overstate the impact that Clear Channel's Madonna campaign had on the Madonna pre-order on iTunes during Super Bowl Weekend, as we experienced the largest first day preorder ever for an Interscope artist,” said Gary Kelly, Vice President of Sales Interscope Geffen and A&M.

“We felt the amazing power of Clear Channel worldwide, they clearly have the muscle to create an event program,” said Guy Oseary, Madonna’s Manager.  “The results speak for themselves… we are very happy."

Clear Channel Media and Entertainment, with its 238 million monthly listeners in the U.S., has the largest reach of any radio or television outlet in America.  The new single aired simultaneously across more than 100 Clear Channel radio stations in major U.S. markets including Z100 and KTU in New York and KIIS FM in Los Angeles as well as Clear Channel stations in Australia and New Zealand and via Global Radio’s Capital FM Network in the UK.  At the same time, the full-length, four-minute music video of “Give Me All Your Luvin’” ran on Clear Channel spectacular digital billboards worldwide, including in iconic, high-visibility locations like New York City’s Times Square, Las Vegas, London’s Piccadilly Circus, La Defense in Paris, Oslo Central Station in Norway, and Helsinki, Finland.

The campaign was also displayed across more than 1,600 Clear Channel-owned digital billboards around the world, and a “Madonna Radio” online channel was available on the homepage of iHeartRadio.com and on the company's individual local radio station websites.

“We’re thrilled to help contribute to the success of Madonna’s new album MDNA,” said Tom Poleman, President of Clear Channel National Programming Platforms.  “Our goal was to use Clear Channel's multi-media platform to create a massive international pop culture event on a scale that's never been done before.  And we're excited to see how quickly and passionately our listeners responded.”

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Clear Channel and Madonna Partner to Launch Worldwide Multi-Platform Premiere of Her Latest Single “Give Me All Your Luvin’”

Clear Channel and Madonna Partner to Launch Worldwide Multi-Platform Premiere of Her Latest Single “Give Me All Your Luvin’”
Iconic Superstar’s Single, Megamix and First Full Viewing of Video Will Reach More Than 150 Million People Worldwide Through Clear Channel’s Full Range of Media — Radio, Outdoor, Online and Mobile
Extensive On-Air, Online and Outdoor Promotions Direct Madonna Fans to iTunes to Purchase New Single and Pre-Order Upcoming Album MDNA
 
New York, NY – February 3, 2012 – Clear Channel, a leading global media and entertainment company specializing in radio, digital, outdoor, mobile and on-demand entertainment and information, today announced it they have partnered with Madonna to launch a first-of-its-kind worldwide campaign of her latest single and video, “Give Me All Your Luvin’,” utilizing its extensive international media platform in a new and innovative way.
 
The campaign – which includes the new single airing on Clear Channel and partner radio stations and websites around the world, simultaneously with the full music video running on Clear Channel’s spectacular billboards; and more than 1,600 digital displays in the US, France, Spain, Sweden, Norway, Singapore, Belgium, Finland and the UK – will reach more than 150 million people around the world. The video and single will also be available on demand at iHeartRadio.com; on Clear Channel radio station websites in the US, Australia and New Zealand; and via Global Radio’s Capital FM Network in the UK. Clear Channel will also use extensive on-air and online promotions to drive listeners and Madonna fans to iTunes, where they can buy the new single and pre-order (with a special discount offer available only through the weekend) her new album MDNA, scheduled to be released in March 2012.
 

On-Air Premiere 

Clear Channel Media and Entertainment, with its 238 million monthly listeners in the U.S., has the largest reach of any radio or television outlet in America. Friday, February 3 at 9 a.m. ET, the “Give Me All Your Luvin’” single will air simultaneously across 95 Clear Channel Contemporary Hit Radio (CHR) and Rhythmic CHR stations as well as Clear Channel stations in Australia and New Zealand. The single will also run across stations throughout the United Kingdom through Clear Channel’s partnership with Global Radio’s Capital FM Network, the UK’s premier radio company. The premiere will feature a voice introduction by Madonna, and will be followed by an exclusive megamix of unreleased tracks from MDNA, her new album.
 
In addition to the premiere, from February 3rd through 5th, participating Clear Channel stations will play “Give Me All Your Luvin’” at the top of every hour and air the megamix throughout the weekend to bring listeners new music from one of pop culture’s greatest icons. Clear Channel New York City stations are also promoting Madonna’s halftime appearance. A contest will enable a winner and guest to attend this weekend’s big game to watch Madonna live during her performance at the halftime show. Participating stations will also direct people how to enter to win a trip for two to the kickoff of Madonna’s world tour overseas.
 
Outdoor Premiere
At the same time, the full-length Madonna music video of “Give Me All Your Luvin’” will run on Clear Channel Outdoor spectacular billboards in highly visible locations, including New York City; Fashion Island, Las Vegas; Piccadilly Circus in London; La Defense in Paris; Oslo Central Station in Norway; and Helsinki, Finland.
 
Additionally, more than 1,600 Clear Channel Outdoor digital billboards around the world will feature Madonna before, during and after the premiere, including in subways, malls, railway stations and bars. In advance of the premiere, a teaser campaign featuring a countdown clock was launched globally to build excitement surrounding the premier of the single and to tell fans where they can watch and listen to the new single this Friday.
 
Online Premiere
“Madonna Radio” will be featured on the homepage of iHeartRadio.com. The single will stream on demand on the home pages of 95 Clear Channel CHR and Rhythmic CHR websites, and promotion for the single will be posted on all Clear Channel CHR and Rhythmic CHR station Facebook pages, as well as the iHeartRadio Facebook and Twitter pages – enabling Clear Channel to reach millions of more listeners and social fans.
 
“This first of its kind multi-media premiere with Madonna demonstrates the unequalled scope and strength of the entire Clear Channel platform – a range and depth that enables us to work with the most talented and creative artists in the world to develop truly groundbreaking promotional opportunities,” said Bob Pittman, CEO of Clear Channel. “By combining the power of broadcast radio on several continents; online and mobile via iHeartRadio and our station websites; and our dynamic digital outdoor advertising network with Madonna’s extraordinary talent, creative drive and taste for innovation, we can reach millions of Madonna fans around the world and present audiences around the world with an unforgettable entertainment experience.”
 
About Clear Channel Media and Entertainment
With 238 million monthly listeners in the U.S., Clear Channel Media and Entertainment has the largest reach of any radio or television outlet in America. Clear Channel Media and Entertainment serves 150 cities through 850 owned radio stations. The company’s radio stations and content can be heard on AM/FM stations, HD digital radio channels, Sirius/XM satellite, on the Internet at iHeartRadio.com and on the company’s radio station websites, on the iHeartRadio mobile application on iPads and smartphones, and used via navigation systems from TomTom, Garmin and others.
 
The company’s operations include radio broadcasting, online and mobile services and products, live concerts and events, syndication, music research services and independent media representation.
 
About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is a global leader in the outdoor advertising industry providing clients with advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays. It is one of the world’s largest outdoor advertising companies, reaching over 141 million adults each month in the United States and an additional 374 million internationally, with over 600 thousand displays in over 40 countries across five continents, including 49 of the 50 largest markets in the United States. Clear Channel Outdoor Holdings, Inc. offers many types of displays across its global platform to meet the advertising needs of its customers. This includes a growing digital platform that now offers over 750 digital displays across 37 U.S. markets. Clear Channel International operates in 30 countries across Asia, Australia and Europe in a wide variety of formats and operates over 3,500 municipal advertising contracts worldwide.
 
Like us on Facebook at facebook.com/iHeartRadio
Follow us on Twitter at twitter.com/iHeartRadio
 
# # #
 
Press Contact
 
Clear Channel Media and Entertainment
Angel Aristone
212-377-7802
 
For Madonna
Liz Rosenberg Media
212-991-4290
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CC Media Holdings, Clear Channel Communications and Clear Channel Outdoor Holdings Set Date for Year-End/Fourth Quarter 2011 Earnings Teleconference

CC Media Holdings, Clear Channel Communications and Clear Channel Outdoor Holdings Set Date for Year-End/Fourth Quarter 2011 Earnings Teleconference
San Antonio, Texas  January 24, 2012 - 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), each confirmed today that it will host a teleconference to discuss results on Tuesday, February 21, 2012 at 9:00 a.m. Eastern Time. 
The conference call number is 800-707-9573 and the passcode is 234685.  The teleconference will also be available via a live audiocast on the investor section of the CC Media Holdings, Clear Channel Communications and Clear Channel Outdoor websites, located at:
 
A replay of the call will be available after the live conference call, beginning at 11:00 a.m. Eastern Time, for a period of thirty days.  The replay numbers are 800-475-6701 (U.S. callers) and 320-365-3844 (International callers) and the passcode is 234685.  The audiocast will also be archived on the websites and will be available beginning 24 hours after the call for a period of thirty days.
CC Media Holdings and Clear Channel Outdoor Holdings will release year-end/fourth quarter 2011 financial results, along with reconciliations of any non-GAAP financial measures to GAAP financial measures and any other applicable disclosures, before the market open on February 21st at approximately 8:00 a.m. Eastern Time.  The releases will be available at:
 
 
About Clear Channel Communications, Inc./CC Media Holdings, Inc.
Clear Channel Communications is one of the leading global media and entertainment companies specializing in radio, digital, out of home, mobile and on-demand entertainment and information services for local communities and providing premier opportunities for advertisers. CC Media Holdings is the parent company of Clear Channel Communications.
 
About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings is a global leader in the outdoor advertising industry providing clients with advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays.
For further information contact Wendy Goldberg, Senior Vice President, Communications, at (212) 549-0965, or Brian Coleman, Senior Vice President, Treasurer, at (210) 822-2828 or visit our websites at www.clearchannel.com, www.clearchanneloutdoor.com or www.ccmediaholdings.com.
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Music, Entertainment And Media Executive John Sykes Joins Clear Channel As President, Clear Channel Entertainment Enterprises

Music, Entertainment And Media Executive John Sykes Joins Clear Channel As President, Clear Channel Entertainment Enterprises
New Role Will Leverage Power of Clear Channel’s Brands and Reach to Create New Businesses and Build Assets to Serve Major Advertisers and Strategic Partners
 
New York, NY – January 17, 2012 – Clear Channel announced today that music, entertainment and media executive John Sykes will join the company in the newly created role of President, Clear Channel Entertainment Enterprises.  He will report to Clear Channel CEO Bob Pittman.
 
In his new position, Sykes will use the unparalleled assets of Clear Channel –  including its 238 million monthly broadcast radio listeners, the 141 million people it reaches with Outdoor in the United States and the 374 million internationally, as well as the more than 75 million monthly listening hours for its digital properties – to develop new businesses for the company across a range of media, including television and live events, as well as create value for Clear Channel advertisers and key partners.   Sykes’ new group will work closely with Clear Channel Media and Entertainment CEO John Hogan and his team as well as Clear Channel Outdoor, both in the United States and internationally.
Sykes has played leadership roles at a number of major brands across the music, entertainment and media spectrum, including President of VH1, President of Network Development for MTV Networks, CEO of Infinity Broadcasting (now CBS Radio), President of Champion Entertainment, President of Chrysalis Records and as an agent at the Creative Artists Agency (CAA).  He was also a core member of the original team that created MTV. 
 
"John's experience and relationships in so many sectors of the entertainment and media business make him the perfect choice to lead this new initiative,” said Clear Channel CEO Bob Pittman.  “He has one of the most diverse entertainment careers – from being on the original team that created MTV to re-launching VH1, managing major music artists, running a significant radio group and even being a Hollywood agent – as well as a track record of working with talent and entertainment properties in innovative new ways.  In this role, he’s perfectly positioned to create new assets and increased value for our advertisers and strategic partners, using both our unparalleled reach and the creativity of our people at the local, national and international levels.”
"Clear Channel has a unique relationship with our audiences, who have a deep loyalty to our brands and trust us to bring them innovative and creative media and entertainment experiences,” said Sykes. “I’m looking forward to working with the impressive teams across the company to tap Clear Channel’s unique marketing and promotional capabilities across a variety of media and platforms to serve our consumers, the music industry, advertisers and our key strategic partners in additional and meaningful ways,” said Sykes.
After spending a combined 21 years at MTV Networks and Viacom, Sykes has been affiliated with the Pilot Group, a private equity and venture firm, since 2008. During his tenure, Sykes worked on the restructuring of MGM studios as well as digital properties including Playlist.com and Shazam Mobile, where he serves as a board member. He joined Clear Channel in a consultant role in early 2011 and worked on a number of projects, including assisting the National Programming Platforms team that created the record-setting iHeartRadio Music Festival, the company's first-ever national live music event, featuring 21 industry-leading performers, streamed live to millions on the web and televised on VH1.
 
Sykes also serves on the boards of the Robin Hood Foundation, the Rock and Roll Hall of Fame, Project RED, VH1 Save the Music and Syracuse University's Newhouse School of Communications.
 
 
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Contact:
Clear Channel
Wendy Goldberg, 212-549-0965
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Bob Pittman Named CEO Of CC Media Holdings

Bob Pittman Named CEO Of CC Media Holdings
Appointment Underscores Clear Channel’s Evolution to a Fully Realized, Integrated Media, Digital and Entertainment Enterprise
Media Pioneer Will Oversee the Company’s Global Media Properties, including Broadcast, Digital and Mobile, Syndication, Media Representation and Outdoor
New York, NY – October 2, 2011 – CC Media Holdings, Inc. (OTCBB: CCMO), a leading global media, digital and entertainment company, announced today that Bob Pittman will become its Chief Executive Officer. Pittman joined Clear Channel in November 2010 as an investor and the company’s Chairman of Media and Entertainment Platforms. Pittman will join the Board of Directors of CC Media Holdings, Inc. and Clear Channel Communications, Inc.; in addition, he will join the Board of Directors of Clear Channel Outdoor Holdings, Inc., as its Executive Chairman. These appointments are effective immediately.
In his new role, Pittman will oversee the company’s businesses, which include:
Clear Channel Radio, which serves 150 cities through 850 owned radio stations and an additional 100 cities and 4,000 stations through its syndicated Premiere Radio Networks products. Clear Channel Radio also includes:
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;

Media Services for the radio, media, digital, mobile and music industries, including Total Traffic Network, a groundbreaking programming and technology service delivering real-time traffic data to vehicles via in-car and portable navigation systems, broadcast media, wireless and Internet-based services; 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.

 
Clear Channel Outdoor Holdings, which is one of the world’s largest outdoor advertising companies with close to one million displays in over 40 countries across five continents. Clear Channel Outdoor includes:
Americas Outdoor Advertising, which owns or operates nearly 190,000 displays across the United States, Canada and Latin America including operations in 49 of the 50 largest markets in the United States. The Americas business consist of various types of displays that include billboards; street furniture; transit displays; the Clear Channel Airports division, which is the premier innovator of contemporary display concepts and currently operates more than 260 airport programs across the globe; mall displays; wallscapes; and spectaculars including Spectacolor, a market leader in spectacular sign displays, with displays located in New York’s Times Square. The Company has been a leader in the development and operation of digital displays and networks across many of its U.S. markets.
International Outdoor Advertising operates across Asia, Australia and Europe with displays across nearly 30 countries. The International business consists of street furniture and transit displays, billboards, mall displays, wallscapes and spectaculars. Clear Channel International’s street furniture division operates over 3,500 municipal advertising contracts worldwide.
 
Pittman will also remain a member of Pilot Group, LLC, a New York-based private investment firm.
“On behalf of the Board of Directors, I want to express how delighted I am that Bob has accepted this position,” said Mark Mays, Chairman of Clear Channel Media Holdings. “He has been an invaluable contributor to Clear Channel Radio since last November, and he is the perfect person to take Clear Channel to the next level. I look forward to his leadership of our company.”
“Bob Pittman brings a long history as a brilliant innovator and brand builder – from his days as a very successful radio programmer, creator of MTV and CEO of MTV Networks to his work helping to drive the phenomenal growth of AOL and his successful investments in other digital, media and technology companies. He has already generated a renewed sense of confidence and direction not only at Clear Channel, but across the entire radio and media landscape,” said Scott Sperling, Co-President of THL Partners.
“I’m thrilled we were able recruit Bob into the CEO role at Clear Channel. He is the perfect fit to lead this incredibly powerful media platform. He embraces creativity, and has given employees the motivation and freedom to innovate, take risks and succeed,” said John Connaughton, Managing Director of Bain Capital. “He thinks big, is not afraid of change and is intensely focused on driving new businesses, expanding our creative talent and maximizing the full value of Clear Channel’s extraordinary assets, ideas and people.”
Pittman’s appointment comes on the heels of several industry-leading achievements by Clear Channel Radio this past year. In March, the company acquired digital music company Thumbplay for its state-of-the-art technologies as well as its technology and product teams. Last week, Clear Channel hosted the iHeartRadio Music Festival, the largest live concert event in radio history, which marked the official launch of the New iHeartRadio, which combines more than 850 of the nation’s most popular live broadcast and digital-only radio stations from 150 cities with user-created Custom Stations. iHeartRadio was one of the few highlighted new products at Facebook's f8 conference on September 22nd, where it was recognized for its technology and cutting-edge social integration.
Additionally, Clear Channel has demonstrated its unique national promotional capabilities through significant relationships with record labels and social media leaders, and forging relationships with partners like Microsoft, Facebook, Zynga, Toyota and HP that reach further and deeper than advertising.
“Over the past year, I’ve had the unique opportunity to look at the Clear Channel people and assets up close and have found myself increasingly drawn to the company, to the point where the chance to get even more deeply involved has just become irresistible,” said Pittman. “I know first-hand that we have great people and the assets that allow them to do great things. We are so much more than just transmitters and broadcast towers – we leverage our local brands, personalities, strategic relationships and programming expertise to create unique experiences that forge real connections with consumers across our multiple platforms.”
Pittman continued, “I look forward to continuing to work closely with John Hogan and the Clear Channel Radio team to grow our company as we strengthen relationships with our consumers, advertisers, artists, labels and partners, nationally and locally – and I’m excited by the opportunity to work with Ron Cooper and William Eccleshare to help them make the most of our outdoor advertising potential by tapping into Clear Channel’s assets as a whole. I believe we have the technologies, the physical infrastructure, the content and, most importantly, the people to market to consumers better than any other media company in the world.”
About Bob Pittman
Robert W. Pittman, a founding member of Pilot Group, LLC, a New York private investment firm, is a media innovator who has made a significant impact in a number of industries and companies. He was co-founder of the MTV network, helped bring America Online into the mainstream consumer market, and turned around stagnant brands likes Six Flags Theme Parks and Century 21 Real Estate.
He has been CEO of MTV Networks, AOL Networks, Six Flags Theme Parks, Quantum Media, Century 21 Real Estate, and Time Warner Enterprises. He was also COO of America Online, Inc. and AOL Time Warner. Pittman began his career at age 15 as a radio announcer in his native Mississippi and programmed his first radio station in Pittsburgh, which became the number one rock FM station in its market. He had similar successes as the programmer of the NBC-owned AM and FM stations in Chicago and, later, at WNBC in New York, NBC Radio's flagship station. He is the former chairman of the Robin Hood Foundation and the Public Theater of New York, and still serves on those boards in addition to New York City Ballet, Rock and Roll Hall of Fame, and Alliance for Lupus Research. Among many honors, Pittman has been inducted into the Broadcasting and Cable Hall of Fame and received the International Radio and Television Society's Gold Medal and a Council of Fashion Designers of America (CFDA) Award. He was recognized in Life's “Five Original Thinkers of the ’80s", Advertising Age's "50 Pioneers and Visionaries of TV" and "10 Marketers Who Changed American Culture."
About CC Media Holdings
Clear Channel Media Holdings (OTCBB: CCMO) is one of the leading global media and entertainment companies specializing in radio, digital, out of home, mobile and on-demand entertainment and information services for local communities and providing premier opportunities for advertisers.
The company's businesses include:
Clear Channel Radio, the leading media company in America with a greater reach in the U.S. than any radio or television company, which serves 150 cities through 850 owned radio stations and also includes 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 with user-created Custom Stations, and develops the companion digital products for each radio station brand; Premiere Radio Networks, which syndicates 90 radio programs and services to more than 5,000 radio station affiliates reaching over 190 million listeners a week; Total Traffic Network, a ground-breaking programming and technology service delivering real-time traffic data directly to vehicles and radio stations, in more than 100 metropolitan markets in four countries, including the United States, Canada, Mexico, and New Zealand; and Katz Media Group, which is the largest media representation firm in the U.S. representing more than 2,600 radio stations and 400 television stations.
Clear Channel Outdoor Holdings, one of the world’s largest outdoor advertising companies with close to one million displays in over 40 countries across five continents, including 49 of the 50 largest markets in the United States, offers many types of displays across its global platform to meet the advertising needs of its customers. This includes a growing digital platform that now offers over 700 digital displays across 37 U.S. markets. Clear Channel International operates in nearly 30 countries across Asia, Australia and Europe in a wide variety of formats and operates over 3,500 municipal advertising contracts worldwide.
 
For more information please visit www.ccmediaholdings.com.
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Contact:
Clear Channel
Wendy Goldberg, 212-549-0965
IHM Press Release Date
IHM Press Category
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