Chancellor Media Names Clancy Woods Phoenix Market Manager.

PHOENIX and DALLAS--(BUSINESS WIRE)--Jan. 25, 1999--Chancellor Media Corporation (Nasdaq: AMFM) named 19-year industry veteran Clancy Woods as Market Manager for its Phoenix stations, it was announced today by John Madison, Senior Vice President, Regional Operations. Chancellor owns and or operates six FM and two AM stations in Phoenix including: KMLE-FM, KOOL-FM, KKFR-FM, KFYI-FM, KYOT-FM, KZON-FM, KOY-AM and KISO-AM.

Mr. Woods brings to Phoenix a distinguished broadcast management career in the nation's top radio markets. He was most recently President of the Radio Marketing Group, having previously served as Vice President of Radio for Nationwide Communications which owned stations in 12 of the top 25 markets. His station management experience includes General Manager positions at WHTZ-FM 'Z100' in New York, which became one of the most successful contemporary hit radio stations in the nation during his tenure, WFOX-FM in Atlanta and KHMX-FM in Houston.

John Madison commented, "Phoenix is one of the nation's fastest growing radio markets, and there is no better candidate to help Chancellor further tap into this growth than Clancy Woods. While we own some of Phoenix radio's most popular and successful stations, there is plenty of room for growth throughout the eight-station portfolio, and with Clancy's leadership we intend to make the most of our opportunities."

Clancy Woods added, "Chancellor is one of the industry's premier broadcast groups because it invests in ideas with enthusiasm and resources. We are all trying to invent the future of this industry, and I look forward to making a significant contribution to that effort in Phoenix."

Chancellor Media Corporation is a diversified media company consisting of the Chancellor Radio Group, Chancellor Outdoor Group, Katz Media (a leading media representation firm), Chancellor Marketing Group, and the planned Chancellor Television Group. Reflecting announced transactions, Chancellor Radio Group will be the nation's largest radio broadcasting entity with over 465 stations in approximately 105 markets reaching a weekly listener base of over 65 million people. Through the AMFM Radio Network, Chancellor offers syndicated programming nationwide. Internationally, Chancellor has acquired Primedia Broadcast Group, Inc. which owns and operates eight FM radio stations in Puerto Rico. Chancellor Outdoor Group is the nation's fifth largest outdoor advertising company operating over 36,000 display faces in 37 states. Chancellor's Katz Media is the only full-service media representation firm in the United States serving multiple types of electronic media. Chancellor Marketing Group is a full service, sales promotion firm developing and integrating marketing programs for Fortune 1000 companies.

Upon consummation of announced transactions, in addition to radio, outdoor advertising, media representation and marketing operations, Chancellor will have significant television operations. Chancellor Television Group, through ownership and local marketing agreements, will operate 13 network-affiliated television stations in 8 markets.