Chancellor Marketing Group Names National Events Director.

Business Editors

RICHMOND, Va.--(BUSINESS WIRE)--May 25, 2000

Cyndi Cawthorne to Guide Event Efforts for Sales Promotion Firm

National media-owned sales promotion agency, Chancellor Marketing Group, has tapped veteran promotion and event planner, Cyndi Cawthorne, as National Events Director.

In this role, Ms. Cawthorne will marshal the resources of AMFM-owned Chancellor Marketing Group to aid in planning and executing major events.

Ms. Cawthorne will work with Chancellor Marketing Group's 14 U.S. offices to locate events tailored to meet client needs. In addition, she is charged with facilitating sponsor integration and aiding in the coordination of event production.

Ms. Cawthorne will also be responsible for maintaining the national events database which Chancellor Marketing Group has compiled. This resource contains comprehensive profiles of events in the major markets with Chancellor Marketing Group offices. She will also coordinate the effort to identify events that maximize client opportunities in other large cities across the country.

With 18 years of experience in event planning and production, Ms. Cawthorne joined Chancellor Marketing Group in 1999 from Zapis Communications where she was Director, Big Bang Event Marketing. There she was responsible for the Cleveland Blues Festival and the Cleveland 500 Grand Prix Parades plus numerous other events. As Director of Marketing for C.K. Newcomb & Associates for nine years, Ms. Cawthorne oversaw major air shows in Miami, Detroit, Atlantic City, Cleveland and Dayton. She has also produced a highly successful expo for African American Women, "WZAK Sisters" and the weekend-long Crooked River Jazz, Blues & Arts Fest.

Chancellor Marketing Group is a full-service, 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 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 rapid growth since its acquisition by Chancellor Media (now AMFM Inc.) in 1998 and was listed as #13 in the 1999 Top 100 ranking by PROMO magazine, a leading promotional trade publication.

Accounts include American Express, General Motors, General Mills, DuPont, Chi-Chi's, Barnes & Noble, Procter & Gamble, Cotton, Inc., Malibu Rum, TV Guide, Microsoft 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. AMFM will subsequently become a wholly-owned subsidiary of Clear Channel. Although there can be no assurance, the merger with Clear Channel is expected to be consummated in the second half of 2000.