Clear Channel Radio Is Rebranded As Clear Channel Media and Entertainment

Clear Channel Radio Is Rebranded As Clear Channel Media and Entertainment

New Brand Reflects Company’s Focus on Delivering the Best Entertainment and Most Important Content to Diverse Audiences across Multiple Platforms, Including Broadcast, Satellite, Online and Mobile

Company Has Unmatched Capabilities and Assets To Deliver Innovative, Effective Marketing Campaigns for Advertisers, Strategic Partners, Music Labels and Artists

January 13, 2012, [New York, NY] – Clear Channel Radio, the leading media company in America with a greater reach in the U.S. than any other radio or television outlet, today announced it has changed its name to Clear Channel Media and Entertainment to better reflect the evolution of its business.

The core of Clear Channel’s business will remain its more than 85O radio stations, but the new brand more clearly signals its successful expansion into new areas. Clear Channel Media and Entertainment delivers music, news, talk, sports and other content to diverse audiences across multiple platforms, including: broadcast stations; online, via iHeartRadio and on its stations’ hundreds of websites; HD digital radio channels; satellite; smartphones; iPads and other tablets; in-vehicle entertainment and navigation systems; and via live events.

“Over the last few years, I’ve watched as Clear Channel Radio has pushed beyond the traditional boundaries of radio to reach more Americans every month than any other media company through an unmatched combination of broadcast, satellite, online and mobile assets,” said Bob Pittman, CEO of Clear Channel. “Under John Hogan’s continued strong leadership, the new Clear Channel Media and Entertainment brand underscores that we are taking our brands and content wherever our listeners expect to find it. And, in the future, as new places emerge where people want to access our powerful brands and content, we’ll be there, too.”

“Radio is both our history and the foundation upon which we will grow our company moving forward. That will not change,” said John Hogan, CEO of Clear Channel Media and Entertainment. “Clear Channel Media and Entertainment represents our evolution as we prove our relationship with our listeners is so much more than just our transmitters and towers. We will continue to serve our increasingly diverse audiences and local communities with the best content – music, news, emergency information, and public service -- wherever they expect it, while supporting advertisers, strategic partners, music labels and artists with creative, multi-platform marketing opportunities that reach, activate and engage target audiences like no one else.”

Clear Channel Media and Entertainment also leverages its multi-platform assets – as well as its vast infrastructure and relationships – to create special events, one-of-a-kind national and local promotions and new, innovative technologies and products.

In September, the company drew upon all its resources to host the biggest live concert event in radio history – the two-day iHeartRadio Music Festival. The promotion of the Festival alone reached over 100 million people using Clear Channel Media and Entertainment’s platform. The concert celebrated the launch of the New iHeartRadio, which reinvented the digital radio experience by offering access to more than 800 of the nation’s most popular live broadcast and digital-only radio stations, plus user-created Custom Stations, with unprecedented social media integration.
The new Clear Channel Media and Entertainment brand also signals the wide range of services that it provides to the radio, media, online, mobile and music industries through its other divisions, including:

Premiere Radio Networks, the content creation and distribution company serving close to 5,000 stations with top-rated programming like Ryan Seacrest, Rush Limbaugh, Delilah and more than 70 other brands and products
Total Traffic Network, the groundbreaking programming and technology service that delivers the highest quality broadcast traffic reports and real-time traffic data to vehicles via in-car and portable navigation systems, broadcast media, wireless and Internet-based services to thousands of Clear Channel and non-Clear Channel radio and television stations across America;
The Katz Media Group, the leading media sales representation firm in the U.S. for radio and television stations; and
RCS, which provides scheduling and broadcast software for radio, Internet and television station in addition to research that aids the media and music businesses.

About iHeartMedia, Inc.

iHeartMedia (NASDAQ: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups.

With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company’s live and virtual events business. It also includes Premiere Networks, the industry’s largest Networks business, with its Total Traffic and Weather Network (TTWN); and BIN: Black Information Network, the first and only 24/7 national and local all news audio service for the Black community. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio suite of data targeting and attribution products using data from its massive consumer base.

The iHeartMedia Digital Audio Group includes the company’s fast-growing podcasting business -- iHeartMedia is the number one podcast publisher in downloads, unique listeners, revenue and earnings -- as well as its industry-leading iHeartRadio digital service, available across more than 250 platforms and 2,000 devices; the company’s digital sites, newsletters, digital services and programs; its digital advertising technology companies; and its audio industry-leading social media footprint.

The company’s Audio & Media Services reportable segment includes Katz Media Group, the nation’s largest media representation company, and RCS, the world's leading provider of broadcast and webcast software.

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