Clear Channel Outdoor Holdings, Inc. Sells Interest in Adshel to Joint Venture Partner APN News & Media for AUS $268.4 Million

Clear Channel Outdoor Holdings, Inc. Sells Interest in Adshel to Joint Venture Partner APN News & Media for AUS $268.4 Million

San Antonio, April 15, 2016 — Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), a subsidiary of iHeartMedia, Inc. (PINK:IHRT), announced today that its Clear Channel Outdoor International segment will sell its interest in Australian out-of-home media company Adshel to joint venture partner APN News & Media (ASX, NZX:APN) for a purchase price of AUS$268.4 million. The transaction closed today, with APN owning 100% of Adshel.

“Following a successful Adshel partnership with APN of almost 20 years, this transaction presents a very compelling exit opportunity for Clear Channel Outdoor, allowing us to focus even more on our core markets – and APN remains a strong and valued partner to iHeartMedia through our partnership in iHeartRadio in Australia and New Zealand,” said Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holdings. “We will continue to evaluate our global portfolio and seek opportunities to position it for long-term success, always offering advertisers unmatched reach and effectiveness across a unique combination of multimedia assets and platforms.”

About iHeartMedia, Inc. / iHeartCommunications, Inc.

iHeartMedia, Inc(PINK: IHRT), the parent company of iHeartCommunications, Inc., is one of the leading global media and entertainment companies. The company specializes in radio, digital, outdoor, mobile, social, live events, on-demand entertainment and information services for local communities, and uses its unparalleled national reach to target both nationally and locally on behalf of its advertising partners. The company is dedicated to using the latest technology solutions to transform the company’s products and services for the benefit of its consumers, communities, partners and advertisers, and its outdoor business reaches over 31 countries across five continents, connecting people to brands using innovative new technology.

About Clear Channel Outdoor Holdings, Inc.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world’s largest outdoor advertising companies, with more than 650,000 displays in over 31 countries across five continents, including 43 of the 50 largest markets in the United States. Clear Channel Outdoor Holdings 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 1,050 digital billboards across 29 U.S.markets. Clear Channel Outdoor Holdings’ International segment operates in 22 countries across Asia, Australia and Europe in a wide variety of formats.