Clear Channel Entertainment's Television Division and Phil Ramone's RLR Productions Create "Music Music Entertainment" To Co-Develop Music-Based TV Properties.

Business/Entertainment Editors

NEW YORK--(BUSINESS WIRE)--March 4, 2002

"50th Anniversary of Rock and Roll" Television Special

Inaugurates Venture

Clear Channel Entertainment's Television division and RLR Productions, the television company headed by award-winning record producer Phil Ramone, music industry veteran Chip Rachlin and acclaimed television writer/producer David Leaf, have announced the creation of "Music Music Entertainment (M2E(TM))," a joint venture to develop music-based television properties.

The two-year agreement marries two of the entertainment industry's most respected and prolific producers of music and television programming. The first effort between the companies is a 50th Anniversary of Rock and Roll special.

"With Phil Ramone's remarkable, award-winning track record as perhaps the most successful and versatile record producer of the past 30 years, Chip Rachlin's broad-based history at the top of the concert and music business and David Leaf's accomplishments in writing and television production, RLR Productions offers vast experience in all aspects of the television and music business and we are extremely excited to be working together," said Mike Trager, Chairman of Clear Channel Entertainment's Television division.

Joel Feld, President of Clear Channel Entertainment's Television division added, "We each bring to the venture complementary creative and production skills and we share a passion for quality television programming."

"We're really looking forward to working with Mike, Joel and their team," said Phil Ramone. "This is a great arrangement, combining the content and resources of a company like Clear Channel Entertainment with our knowledge and track record producing music TV specials for all audiences."

Phil Ramone, Chip Rachlin and David Leaf's first production was An All-Star Tribute to Brian Wilson, which aired on TNT in 2001 and was recently released on DVD by Image Entertainment. Other productions include The Score, the upcoming series that Ramone created about music and the movies, which debuts in March on Trio. Leaf has produced such recent specials as The Bee Gees: This is Where I Came In, and Billy Joel: In His Own Words.

Clear Channel Entertainment's Television division produces network and cable television programming for most of the major broadcast and cable networks including, HBO, CBS, NBC, ESPN, WB, A&E and the History Channel. The division has also produced major motion pictures for Paramount and Warner Brothers. Clear Channel Entertainment's Television division also leverages the intellectual properties of Clear Channel Entertainment, which produces over 26,000 concerts, theatrical and family entertainment shows and sporting events each year. Its Tollin/Robbins Productions unit is responsible for the WB Network's new hit Smallville, HBO's Arli$$ and the motion picture Hardball, which was #1 at the box office for two weeks last fall. Its Black Canyon Productions division, headed up by Emmy and Peabody Award winning producers George Roy and Steven Stern, has produced numerous award-winning documentaries for HBO, including the baseball-themed When It Was a Game trilogy, and created two specials for CBS last year, including The Bear: The Legend of Coach Paul Bryant. This fall, Black Canyon is producing a two-hour film on the life of legendary concert promoter Bill Graham for A&E.

About Clear Channel Entertainment

Clear Channel Entertainment, a subsidiary of Clear Channel Worldwide (NYSE: CCU), is the world's largest producer and marketer of live entertainment events. Clear Channel Entertainment currently owns, operates and/or exclusively books 135 live entertainment venues, including 44 amphitheaters in the U.S and 28 in Europe. Each year, more than 62 million people attend approximately 26,000 events promoted and/or produced by Clear Channel Entertainment, including: Live music events; Broadway, West End and touring theatrical shows; family entertainment shows; and specialized sports and motor sports shows. Clear Channel Entertainment also provides strategic sports marketing sales and consulting services to professional and college teams, leagues, venues and properties. Clear Channel Entertainment is headquartered in New York City.

About RLR Productions

Rachlin, Leaf and Ramone first came together in the mid-1990s with the goal of combining their diverse backgrounds to develop projects that needed "special handling" due to their important content, determined to make programs that mattered. That ambition was first realized in 2001, when they joined forces with Radio City Entertainment to produce An All-Star Tribute To Brian Wilson, the acclaimed TNT special starring Elton John, Billy Joel, Paul Simon, Carly Simon, Vince Gill, David Crosby, Ricky Martin and many others that premiered last year.

With a slate of historically and socially relevant entertainment specials in development, Rachlin-Leaf-Ramone is poised to become a key provider of major music and event television programming.