Clear Channel Radio and AFTRA Reach Agreement; Parties Reach Agreement on All Outstanding Issues.Entertainment Editors/Business Editors NEW YORK--(BUSINESS WIRE)--April 22, 2003 Joint announcement from Clear Channel Radio and American Federation of Television and Radio Artists The American Federation of Television and Radio Artists (AFTRA) is a performers' union that represents a wide variety of talent, including actors in radio and television, as well as radio and television announcers and newspersons, singers and recording artists (both royalty (AFTRA) Clear Channel Radio, a division of Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. (NYSE NYSE See: New York Stock Exchange :CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ), and the New York Local of the American Federation of Television and Radio Artists (AFTRA) announced today that the two parties have reached an agreement concerning the on-air hosts at Clear Channel's New York stations, WLTW (106.7 FM), WKTU (103.5 FM), WAXQ (104.3 FM) and WWPR (105.1 FM). Details of the agreement were not released, however, both parties feel that the terms are in the best interest of AFTRA members, Clear Channel's New York stations and radio listeners in the market. "Clear Channel attributes the success of its New York stations to the talent and hard work of all its employees in the market," said John Hogan, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Clear Channel Radio. "We are pleased with today's agreement and remain committed to providing our listeners with the highest quality programming." "AFTRA and its members are pleased that we have reached an agreement with Clear Channel," said Peter Fuster, New York AFTRA Assistant Executive Director. "Today's announcement demonstrates our commitment to our members and to listeners of New York." About Clear Channel Communications Headquartered in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , Clear Channel Communications (NYSE:CCU) is a global leader in out-of-home advertising and entertainment. The company owns radio and television stations, outdoor advertising displays, produces live entertainment productions and owns venues in 65 countries, including throughout the US. Visit our Web site at www.clearchannel.com. About AFTRA The American Federation of Television and Radio Artists (AFL-CIO AFL-CIO: see American Federation of Labor and Congress of Industrial Organizations. AFL-CIO in full American Federation of Labor-Congress of Industrial Organizations U.S. ) is a diverse union representing 80,000 professionals nationwide who work in news and broadcasting and entertainment programming on television and radio, as well as the recording industry, commercials and industrial work, and new technologies such as interactive programming and CD ROMS. Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. Visit our Web site at www.clearchannel.com. |
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