Clear Channel Radio Expands Its Range of Advertising Solutions.

Celebrity Interview Concept Results in Impressive ROI for Resorts Operator

Company strengthens commitment to spots of any length

SAN ANTONIO -- Clear Channel Radio (NYSE:CCU) today announced the expansion of a unique advertising campaign it created with Consolidated Media, a Las Vegas-based vacation resorts operator. The campaign, which consists of entertainment spots featuring celebrity interviews with DJs, will now be offered to Clear Channel Radio stations all over the country. The spots have been airing in radio markets on the West Coast.

These two-minute spots give celebrities an opportunity to talk about their current projects, segueing into opportunities for listeners to win vacations at Consolidated Media's various properties. With the expansion of this campaign, Consolidated Media is expecting an increase in call volume of six times, to 600 calls per spot.

"Clear Channel Radio is committed to offering advertisers all types of effective advertising solutions, from very short spots to long-form ads. We're not locked into any one solution," said Greg Ashlock, Regional Vice President for Clear Channel Radio. "Radio has always been a medium that offers a broad range of creative, promotional opportunities and we're interested in taking advantage of all of them for our partners."

"Clear Channel Radio's local station managers have given us exceptional, out-of-the-box concepts to help us market our resorts and we're thrilled to work with them to launch our campaign nationwide," Lance O'Brien, Vice President of Consolidated Media.

"We wanted a unique advertising solution to get our message across in a clutter-free environment and these segments offered us exactly what we needed," said Michael Kaplan, Chairman of Consolidated Reports, Inc. and Consolidated Media. "We first went to Clear Channel Radio with a $1,500 advertising budget and the success of these spots has helped us grow our budget to tens of millions of dollars."

About Clear Channel Radio

Clear Channel Radio is a leading radio company focused on serving local communities across the U.S. with more than 110 million listeners choosing Clear Channel Radio programming each week. The company's content can be heard on AM/FM stations, HD digital radio channels, on the Internet, via iPods, through Motorola's iRadio cell-phone service, and via mobile-navigation devices from Cobra, Garmin, Kenwood, and others. The company's operations include radio broadcasting, syndication, and independent media representation. Clear Channel Radio is a division of Clear Channel Communications, Inc. (NYSE:CCU), a leading global media and entertainment company. More information on the company can be found at www.clearchannel.com.

About Consolidated Media

Consolidated Media is a wholly owned subsidiary of Consolidated Resorts, Inc., one of the largest developers in the vacation ownership industry with resorts throughout Hawaii, Las Vegas and Florida.