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CC Media Holdings and Clear Channel Outdoor Holdings Set Date for Year-End/Fourth Quarter 2010 Earnings Release


WEBWIRE

San Antonio, Texas - CC Media Holdings, Inc. (OTCBB: CCMO) and its publicly traded subsidiary, Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), each confirmed today that it will release year-end/fourth quarter 2010 financial results after the market closes on Monday, February 7, 2011 at approximately 4:00 p.m. Eastern Time.

The Companies will also host a teleconference to discuss results on February 7th at 5:00 p.m. Eastern Time. The conference call number is 800-260-0718 and the pass code is 191725. The teleconference will also be available via a live audio cast on the investor section of the CC Media Holdings and Clear Channel Outdoor websites, located at ccmediaholdings.com or clearchanneloutdoor.com/corporate/investor-relations. A replay of the call will be available after the live conference call, beginning at 7:00 p.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 pass code is 191725. The audio cast will also be archived on the website and will be available beginning 24 hours after the call for a period of thirty days.

The releases disclosing the year-end/fourth quarter 2010 financial results along with reconciliations of any non-GAAP financial measures to GAAP financial measures and any other applicable disclosures will be available at approximately 4:00 p.m. Eastern Time on February 7th at ccmediaholdings.com or clearchanneloutdoor.com/corporate/investor-relations.

About CC Media Holdings, Inc.

CC Media Holdings, the parent company of Clear Channel Communications, is a global media and entertainment company specializing in mobile and on-demand entertainment and information services for local communities and premier opportunities for advertisers. The company’s businesses include radio and outdoor displays.

About Clear Channel Outdoor

Clear Channel Outdoor 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 Randy Palmer, Director of Investor Relations, at (210) 822-2828 or visit our web sites at www.clearchannel.com, www.clearchanneloutdoor.com or www.ccmediaholdings.com.

About Clear Channel Communications

Clear Channel Communications, Inc. (OTCBB:CCMO) is a global media and entertainment company specializing in mobile and on-demand entertainment and information services for local communities and premiere opportunities for advertisers. Based in San Antonio, Texas, the company’s businesses include radio and outdoor displays. More information is available at www.clearchannel.com.

Certain statements in this release could constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Other key risks are described in the Clear Channel Communications’ reports filed with the U.S. Securities and Exchange Commission. Except as otherwise stated in this news announcement, Clear Channel Communications does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.



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