Clear Channel Outdoor Launches Third Installment of Its Digital Billboard Network in Albuquerque.

ALBUQUERQUE, N.M. -- Clear Channel Outdoor (NYSE:CCO):

--Messages to be Displayed 1,250 Times Per Day Reaching Over 280,000 Consumers

Clear Channel Outdoor (NYSE:CCO) today announced the launch of a new network of digital LED outdoor displays in Albuquerque. The digital boards are the third installment of the company's digital billboard network, which also operates in Cleveland and Las Vegas.

The Albuquerque digital billboard network will display eight advertising spots, each eight seconds in length, over a 24-hour rotation, guaranteeing exposure 1,250 times for each client.

The ten 12 x 24 boards are strategically placed throughout the Albuquerque market, providing maximum visibility. Each unit is located in an area that experiences heavy daily traffic. The total network reach over the course of the day will exceed 280,000 Adults 18+.

"As our first poster-size digital network, Albuquerque will be an important step in furthering our knowledge of how best to deploy our digital networks," said Paul Meyer, Global President of Clear Channel Outdoor. "We are convinced that this new technology will enable our advertisers to reach their customers with dynamic displays that have unprecedented flexibility to change messages."

The Albuquerque digital billboard network is set to launch on August 30. Clear Channel Outdoor is on target to launch fully networked digital signage products in a total of four to six markets before the end of 2006.

About Clear Channel Outdoor

Clear Channel Outdoor, based in Phoenix, Arizona, is the world's largest outdoor advertising company with over 881,000 displays in more than 60 countries across six continents. In the United States, the company operates over 155,000 advertising displays and has a presence in 45 of the top 50 Designated Market Areas. It also operates airport, rail, taxi and mall advertising businesses worldwide. Its Spectacolor (U.S.) and DEFI (international) divisions are the global market leaders in spectacular sign displays, including in New York's Times Square. Adshel(TM) is the company's international street furniture division, which operates more than 3,500 municipal advertising contracts worldwide. More information may be found by visiting www.clearchanneloutdoor.com.

Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act 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.