Clear Channel Radio and Clear Channel Entertainment Merge Local and Regional Sales Teams; Integration Provides Unprecedented Access to Full Range of Clear Channel Assets.

Business Editors & Entertainment Writers

SAN ANTONIO--(BUSINESS WIRE)--May 21, 2002

Clear Channel Worldwide (NYSE:CCU) President and COO Mark Mays today announced the merger of the local and regional sales teams of the company's U.S.-based Radio division with the local and regional Music Group sales teams of the company's Entertainment division, effectively immediately.

In making the organization change Mays commented, "The combined sales team will provide unprecedented access for our advertisers to the unique opportunities of our radio and live music advertising platforms."

Mays added that the move also "offers the Company's sales executives the opportunity to continue their professional development, as they gain integrated sales experience while learning other sides of the business."

The merged sales force will report to Clear Channel Radio President and COO John Hogan who said, "The combined sales effort will be a formidable force in the marketplace. Merging the skills and experience of our local and regional sales groups means we no longer have radio sellers and live music and venue sellers, but rather full-service salespeople whose only interest is in finding the right combination of Clear Channel assets to build a client's business."

Clear Channel Entertainment Chairman and CEO Brian Becker added, "There's a natural synergy among radio, live music and music venue advertising opportunities. We have come a long way as an organization in cross-promoting our live events on our radio stations, and our radio stations at our live events. It is now time to begin packaging those assets for advertisers in a manner that is transparent."

Becker noted that Clear Channel Entertainment will maintain a National Sales and Marketing group to sell and service advertisers for its national concert, theatrical and family tours and motor sports events, and its national marketing relationships associated with the division's live entertainment venues.

About Clear Channel Communications Inc.

Clear Channel Worldwide, headquartered in San Antonio, Texas, is a global leader in the out-of home advertising and entertainment industries with radio and television stations, outdoor advertising displays, and live entertainment productions and venues throughout the U.S. and in 65 countries around the world.

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. Visit our Web site at www.clearchannel.com.