Chancellor Marketing Group Names Managing Director in Philadelphia.

Business Editors

RICHMOND, Va.--(BUSINESS WIRE)--March 17, 2000

- Wade Lott to Head Philadelphia Office -

Sales promotion agency, Chancellor Marketing Group, has named promotion executive, Wade H. Lott, as Managing Director for its Philadelphia office.

In his new position, Mr. Lott will direct the operations and chart growth strategy for the Philadelphia regional office. Mr. Lott previously held the same position with Chancellor Marketing Group in Orlando, one of the most dynamic promotional areas in the country.

During his twenty year tenure with Philip Morris USA, Mr. Lott held senior sales management positions in Florida, Georgia and Texas. While National Account Manager, based in New York, he was charged with using promotion and merchandising techniques to improve Philip Morris' presence in national accounts. His other sales and marketing positions at Philip Morris included Manager, Wholesale Grocer Accounts and Region Merchandising Manager for the Midwest Region. Prior to joining Chancellor Marketing Group, Mr. Lott served as Vice President, Sales and Marketing, for one of Houston's top special events and catering companies, Melange Catering, where he lead the firm to a 34% increase in revenues from mid-1997 to 1998.

When asked to comment on his role, Lott said, "The vision of Chancellor Marketing Group is to develop and execute uniquely high caliber national and localized promotions. This is what my career has been about and I look forward to using my experience to direct the sales effort as we create highly successful promotions for our clients."

Chancellor Marketing Group is a media-owned sales promotion agency that develops and executes integrated sales promotions for national and regional companies. Chancellor Marketing Group specializes in sales promotion, event marketing, account-specific marketing, ethnic, sports and cause marketing. The firm has 14 offices in major cities around the country and is a division of AMFM Inc. (NYSE: AFM), the country's largest radio broadcaster.

Chancellor Marketing Group has experienced tremendous growth since its acquisition by Chancellor Media (now AMFM Inc.) in 1998 and was listed as no.13 in the 1999 Top 100 ranking by PROMO magazine, a leading promotional trade publication.

Accounts include Microsoft, American Express, General Motors, General Mills, DuPont, Chi-Chi's, Barnes & Noble, Procter & Gamble, Cotton, Inc., Malibu Rum, TV Guide and others.

AMFM Inc. consists of the AMFM Radio Group, including the AMFM Radio Networks and the Chancellor Marketing Group, Broadcast Architecture, Inc. 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 approximately 64 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. Broadcast Architecture is a wholly-owned subsidiary of AMFM and provides research, consulting and programming services domestically and internationally. 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. AMFM has entered into a merger agreement with Clear Channel Communications, Inc. The merger with Clear Channel is expected to be consummated in the second half of 2000.