AMFM Names Gary Lee Vice President Media Partnerships & Initiaves.

DALLAS/CHICAGO--(BUSINESS WIRE)--Oct. 6, 1999--

AMFM Inc. (NYSE: AFM) today named 26-year broadcasting industry veteran, Gary Lee, 50, Vice President, Information Partnerships & New Media. Based in the AMFM corporate office in Chicago and reporting directly to Ken O'Keefe, AMFM Radio's Chief Operating Officer, Mr. Lee will develop partnerships and build upon existing relationships to create information-based content and promotional opportunities across the AMFM portfolio of radio stations. His appointment is effective immediately.

Mr. Lee brings to AMFM 26 years of broadcast industry experience. Prior to joining AMFM, He served as the Vice President of Development and Information Services for Metro Networks where he headed the Company's acquisition team in several U.S. cities including Dallas, Omaha and Birmingham. While at Metro Networks, he also developed non-broadcast information services and sponsor programs, including custom content for Motorola and its wireless carriers. From 1988 through 1996, Mr. Lee served as the Executive Vice President and a Principal of Shadow Traffic where he directed the opening of virtually all the Company's expansion markets including Los Angeles, San Francisco, San Diego, Houston and Washington D.C. Mr. Lee founded Lee Communications Traffic Network in 1980, and structured major sponsorships including one with Cellular One of Chicago which resulted in the first Traffic - Cellular partnership in the nation. He began his career in 1973 as a traffic and transportation reporter for CBS' WBBM News Radio.

James E. de Castro, Vice Chairman of AMFM and Chief Executive Officer of the Radio Group commented, "AMFM is committed to cultivating ancillary business opportunities that compliment our radio platform and provide new avenues for growth. For over a quarter century, Gary has been on the cutting-edge of the information-based services business and has pioneered the industry's ability to grow through partnerships. We look for Garry to become the "bridge" that connects these relationships with our expansive radio properties."

Mr. O'Keefe continued, "Gary's innovative broadcasting experience speaks for itself, and I am delighted to join the entire AMFM family in welcoming him aboard. Given his ability to recognize and develop unique partnership opportunities, adding Gary to our team gives AMFM an unmatched advantage."

Gary Lee added, "I am thrilled to join Jimmy, Kenny and the rest of the AMFM team. The Company's top rated radio assets provide numerous opportunities to expand current relationships or develop new partnership and distribution agreements and Gary is well suited to ensure the success of this effort."

AMFM Inc., the nation's largest radio broadcasting entity, consists of the AMFM Radio Group, including the AMFM Radio Networks and the Chancellor Marketing Group, and the AMFM New Media Group, including Katz Media and AMFM's Internet operations. Reflecting announced transactions, AMFM Radio Group with over 440 stations in 100 markets reaches a weekly listener base of 65 million people. The AMFM Radio Networks offers syndicated programming nationwide. Chancellor Marketing Group is a full-service sales promotion firm developing integrated marketing programs for Fortune 1000 companies. AMFM's Katz Media is the only full-service media representation firm in the United States serving multiple types of electronic media. AMFM's Internet operations focus on developing AMFM's E-commerce web sites, streaming online broadcasts of AMFM's on-air programming and other media, and promoting emerging Internet and new media concerns.