Clear Channel Worldwide Launches `Clear Channel Advantage;' Ultimate One-Stop Shopping for Advertisers.

Business Editors & Entertainment Writers

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

Clear Channel Worldwide (NYSE:CCU) President and COO Mark Mays today debuted "Clear Channel Advantage," the cross-platform advertising solution that super-serves advertisers with "single point of contact" ad packages that incorporate Clear Channel TV, outdoor, entertainment and radio assets.

Through one point of entry, advertisers may now easily tap the combined power of the Clear Channel Advantage.

According to Mays, "Clear Channel Advantage leverages the power of Clear Channel's unique national footprint with our unparalleled multi-platform advertising opportunities. The Clear Channel Advantage advertiser may now exploit any combination of radio, TV, outdoor and entertainment advertising or marketing opportunities across geographies as custom as a single market, a regional trading area, the entire country, or globally. Clear Channel Advantage is poised to reach into every division of Clear Channel and extract the right mix of advertising -- whatever the combination of platforms -- to maximize sales for our clients."

Clear Channel Advantage will report to John Hogan, President and COO of the radio division. Says Hogan, "We studied other cross-platform programs in the industry and talked with many advertisers before we developed this structure. The merging of Clear Channel group sales and the Clear Channel synergy team together into Clear Channel Advantage is a powerful combination. With Clear Channel Advantage we can now create and efficiently execute advertising programs that mix radio, entertainment, TV and outdoor to meet a customer's strategic marketing needs. Advantage is a unique platform that is unparalleled in the marketplace."

Hogan added that he expects to name the new Director of Clear Channel Advantage shortly. "The Clear Channel Advantage Director and his or her team will be empowered to represent all Clear Channel assets on cross-platform opportunities and pursue business that is beneficial and accretive to Clear Channel," Hogan continued. "We're looking both internally and externally for a senior level sales management executive that will quarterback the Clear Channel Advantage launch and build an elite team of super sellers."

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.