Clear Channel Entertainment and Televisa U.S. Joint Venture Announces a Strategic Alliance with Unipro Group.

Entertainment Editors/Business Editors

MIAMI--(BUSINESS WIRE)--March 17, 2004

Corporate Alliance to Maximize Entertainment, Event Marketing and

Promotional Efforts in the Top U.S. Hispanic Markets

Vivelo, the U.S. Joint Venture between Clear Channel Entertainment and Mexico City-based Televisa, will form a strategic alliance with Miami-based Unipro Group. The companies are focused on delivering; quality Latin entertainment, event marketing, and promotional programs to top worldwide advertisers in key U.S. Hispanic markets.

"We are excited to offer corporate America the quality services that are available with Unipro and Vivelo. The national presence of Clear Channel and Televisa assets, combined with the strong execution and creative services of Unipro will insure that we are delivering the highest quality programs to our clients, and to our Hispanic audiences coast-to-coast," said Gregory Hagglund, Executive Vice President/CEO of Vivelo.

This is a concerted effort to extend the reach of nationwide tours of Spanish-speaking musical artists and other live events targeting U.S. Hispanics. The exciting combination of Unipro Group, Televisa and Clear Channel Entertainment will maximize marketing, promotional & sponsorship efforts by creating multi-market events & tours, cross-selling opportunities, client programs, and development of co-promotional efforts.

"This new relationship will offer our mutual clients, both at the consumer and sponsor level, more opportunities within the entertainment and events world," said Unipro Group CEO, Tomas Johansen. "We are excited to become part of an alliance with two great entertainment giants to better serve U.S. Hispanics."

Some of the current programs the firms will be working on include; the exclusive U.S. tour of Chayanne, and tours with Alejandro Sanz, Enrique Iglesias, as well as the exclusive representation in the United States of the premiere Mexican Soccer team, Club America.

About Vivelo!

Vivelo!, a Clear Channel Entertainment/Televisa Company, is the premier dedicated Hispanic entertainment and production company in the United States with direct presence through its regional offices in New York (NY), California (Los Angeles), Texas (Houston), Florida (Miami) and Illinois (Chicago). Its activities include concerts, targeted marketing, special corporate events and sports. Vivelo's events reach several million Hispanics every year in key Latino markets.

About Unipro Group, Inc.

With headquarters in Miami, FL, Unipro Group, Inc. is a national entertainment, event marketing and promotional company serving U.S. Hispanics. Recognized as an industry leader, its mission is to continuously deliver innovative event properties and integrated promotional programs targeting the U.S. Hispanic market. Unipro Group is responsible for developing together with the Latin Recording Academy the Latin GRAMMY(R) Street Parties, a series of grass roots concerts throughout high-density Hispanic neighborhoods in the top U.S. Hispanic markets. Unipro Group also owns the following event properties: America's Birthday Bash, House of Terror Amusement Park, a Halloween themed attraction; and Downtown's Holiday Village, South Florida's premier holiday theme park.

About Clear Channel Entertainment

Clear Channel Entertainment, a leading producer and marketer of live entertainment events is a subsidiary of Clear Channel Worldwide (NYSE:CCU), a global leader in the away-from-home advertising industry. Clear Channel Entertainment currently owns, operates and/or exclusively books approximately 130 live entertainment venues, including more than 100 in North America and 30 in Europe. In 2002, more than 65 million people attended approximately 29,000 events promoted and/or produced by the company, including: Live music events; Broadway, West End and touring theatrical shows; family entertainment shows, and specialized sports and motor sports events. The company, which operates throughout North America, Europe, South America and Australia, also owns independently operated athlete representation businesses, which provide management, marketing and financial consulting services to many of the world's top professional athletes. More information may be found by visiting http://www.cc.com and http://www.clearchannel.com.

About Grupo Televisa S.A.

Grupo Televisa S.A., is the largest media company in the Spanish-speaking world, and a major player in the international entertainment business. It has interests in television production and broadcasting, programming for pay television, international distribution of television programming, direct-to-home satellite services, publishing and publishing distribution, cable television, radio production and broadcasting, professional sports and show business promotions, paging services, feature film production and distribution, dubbing, and the operation of a horizontal Internet portal. Grupo Televisa also has an unconsolidated equity stake in Univision, the leading Spanish-language television company in the United States.

This press release contains forward-looking statements regarding the Company's results and prospects. Actual results could differ materially from these statements. The forward-looking statements in this press release should be read in conjunction with the factors described in "Item 1. Description of Business - Cautionary Statement" in the Company's Annual Report on Form 20-F, which, among others, could cause actual results to differ materially for those contained in forward-looking statements made in this press release and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.