Clear Channel Radio Now Leading Provider of Local Traffic Information, Sending Real-Time Data Directly to Vehicles.

LAS VEGAS -- Clear Channel (NYSE:CCU)

--New Offering Expands Existing Local Traffic Programming and Broadens Digital Radio Services

--Clear Channel Radio is First U.S. Broadcaster to Adopt RDS-TMC Real-Time Standard for Transmitting Highly-Demanded Data

Clear Channel Radio today announced a ground-breaking programming and technology advance for U.S. broadcasters -- delivering real-time local traffic data directly to vehicles. Beginning immediately, traffic data authored by Clear Channel Radio's network of reporters, traffic cameras, helicopters and airplanes will be offered via an annual subscription to owners of vehicles equipped with Audiovox Radio Data System Traffic Message Channel (RDS-TMC) equipment. The announcement was made here at the Winter Consumer Electronics Show.

Working with leading automotive and home-audio and video entertainment equipment maker Audiovox Electronics Corporation and Siemens VDO, Clear Channel Radio is now the first broadcaster to deliver the RDS-TMC real-time broadcast technology in the United States. In-car Navigation systems, available from Audiovox Electronics Corporation, are immediately available as an after-market installation to U.S. vehicles, creating high-quality digital transmission of traffic information that will be fully integrated into the vehicle's navigation system, allowing the subscriber to view a real time traffic information overlay on a moving map display.

The data network will provide live, local traffic in 48 of the top 50 U.S. markets, and will be available 24 hours a day, 365 days a year. Clear Channel Radio currently provides local traffic reports to radio stations in 105 U.S. markets.

"As the only broadcaster in the U.S. providing real-time, digital transmission of traffic information over this proven, global standard, Clear Channel Radio is teaming with Audiovox to let consumers detect accidents and slow traffic conditions, enabling them to adjust their routes immediately," said Jeff Littlejohn, Executive Senior Vice President of Distribution Development for Clear Channel Radio. "This offering is an extension of our aggressive and continued commitment to the broad roll out of digital radio services."

RDS-TMC traffic data are already being broadcast in over 10 European countries. RDS-TMC information is broadcast via a silent FM data channel that is carried along with the stations audio programming. Messages arrive continuously and are displayed immediately, in an easy to use graphical format, eliminating the wait for scheduled traffic news bulletins. More information on RDS-TMC is available at http://www.tmcforum.com/.

Terms of Clear Channel Radio's relationship with Siemens VDO and Audiovox were not disclosed.

-- Consumers Overwhelmingly Favor Traffic Data

Nearly two-thirds of consumers express significant interest in receiving real-time traffic information within their vehicle, according to the just-released 2004 U.S. Automotive Emerging Technologies Study(SM) from J.D. Power & Associates.

The study also found that consumer interest in a navigation system increases by approximately 75 percent if traffic messaging is bundled. The number of new vehicles sold with navigation systems has increased by some 55% in the past 12 months, according to a separate study from J.D. Power and Associates on navigation usage and satisfaction.

"The availability of real-time traffic to millions of drivers is the first step to broad U.S. adoption of this important technology," said Tom Malone, Senior Vice President of Marketing, Audiovox Electronics Corp. "Clear Channel provides our customers with an unmatched service... providing not only the highest quality traffic data, but also the means to distribute that data over their powerful network of FM radio stations... one stop shopping!"

The solutions will be on display at the Consumer Electronics Show, January 6-9, 2005 in Booth # 11006.

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 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.

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.