Clear Channel Broadens Hurricane Relief Efforts; Cross-Divisional Initiatives Raise $1.2 Million To Date.SAN ANTONIO -- Clear Channel (NYSE NYSE See: New York Stock Exchange :CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ) --Clear Channel Entertainment Donates Concert Proceeds, Sends Clothing and Merchandise to Local and International Victims --Clear Channel Outdoor Donates Billboard Materials to Repair Homes --Last Chance to Bid on Collectible Guitars at Clear Channel Radio's StormAid.com Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. , Inc. (NYSE:CCU) announced today that cross-divisional relief efforts in support of the communities affected by the recent hurricanes have topped $1.2 million so far. "Many of the individuals coordinating relief efforts are local Clear Channel employees, themselves affected by the storm," said interim CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mark Mays. "We are very proud of the role Clear Channel's local operations across all of our divisions have played in supporting relief efforts and our thoughts and prayers go out to the victims. We are continuing to do as much as we can to add to the relief efforts." Clear Channel Entertainment donated certain concert proceeds, merchandise, and clothing directly to the Red Cross and encouraging concert-goers to do the same by offering reduced Gloria Estefan ticket prices to Red Cross contributors. All proceeds from the Tim McGraw concert presented by Clear Channel Entertainment held on August 22 were donated to The Red Cross. Clear Channel Entertainment has sent merchandise and clothing valued at over $600,000 to local churches and to The Salvation Army for distribution to people in Florida as well as affected countries in the Caribbean. Clear Channel Outdoor has donated billboard materials to repair victims' homes and has provided free advertising space to publicize critical Federal Emergency Management Agency The Federal Emergency Management Agency (FEMA) is the federal agency responsible for coordinating emergency planning, preparedness, risk reduction, response, and recovery. The agency works closely with state and local governments by funding emergency programs and providing technical ("FEMA FEMA, n.pr See Federal Emergency Management Agency. ") information to local residents. Clear Channel Radio stations across the country have been working around the clock to assist and raise money for hurricane victims. Initiatives include organizing blood drives, food and clothing drop-offs as well as providing free promotional support for various local and national relief initiatives. Clear Channel's local radio stations have also raised more than $660,000 through local radiothons and fundraisers, which have gone directly to the families in need and the Red Cross. Clear Channel Radio is also auctioning off 43 celebrity-signed guitars on www.StormAid.com, one of the largest charity auctions in radio history. The auction has entered its final week, concluding at 3 PM ET on September 20, 2004. To offer support for hurricane victims, Clear Channel encourages you to call the American Red Cross American Red Cross: see Red Cross. at 202-303-5551 or visit www.redcross.org. About Clear Channel Communications Clear Channel Communications, Inc. (NYSE:CCU) is a global media and entertainment company specializing in "gone from home" entertainment and information services See Information Systems. for local communities and premiere opportunities for advertisers. Based in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , the company's businesses include radio, outdoor displays, live entertainment events and venues, and television stations. See us on the web at www.clearchannel.com. Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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