Program Provides Telecommunications Companies Access to Clear Channel TV and Radio Antennas.Business Editors and Entertainment Writers SAN ANTONIO--(BUSINESS WIRE)--Jan. 10, 2002 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. Inc. (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 ) today announced it has signed a national marketing agreement with Tower America to market space on Clear Channel's more than 1,250 radio and television antennas in the United States to the telecommunications industry. The arrangement supplements an agreement the companies announced in May of this year for Tower America to market space for telecommunications antennas positioned on Clear Channel's U.S. outdoor properties, according to William Suffa, Senior Vice President, Capital Management for Clear Channel. The move comes as consumer demand for digital, wireless and emerging 3G technologies presses telecommunications companies to expand their coverage footprint and to establish an even broader network of antennas. Clear Channel's radio, television and outdoor properties in the U.S. are strategically located throughout most major and secondary markets. "Telecommunications companies now require a much denser infrastructure of antennas to best serve their customers," explained Rick Edwards, president of Tower America. "The ability to piggyback onto Clear Channel's substantial network of broadcast towers, along with the billboard structures, gives these companies immediate access to sites they need at a substantially lower cost." "The agreement with Tower America enhances Clear Channel's value by maximizing the return we derive from our assets," adds Suffa. "This can represent a tremendous new revenue stream for the Company that we can develop at minimal cost. Our existing U.S. properties are perfectly situated throughout most markets and will provide a significant and immediate benefit to the telecommunications industry." The agreement is effective immediately. About Tower America Tower America is the largest provider of wireless communications sites in the United States. Headquartered in Coral Springs, Fla., with offices around the U.S., Tower America is a primary provider of outsourced engineering, legal and management services offering innovative solutions to the telecommunications and broadcast industries. Tower America manages an extensive infrastructure of properties in most major and secondary markets offering services to leading wireless communications providers and broadcasters such as Radio Unica, Triad Communications, Charles River Broadcasting Charles River Broadcasting was the owner of three classical music stations, one classic rock station, and one CNN Headline News relay in Massachusetts and Rhode Island. History The company started in 1948 when WCRB first signed on at 1330 AM. , ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. , AT&T Wireless, CBS (Cell Broadcast Service) See cell broadcast. , Cingular, CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. , FOX, Metro PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , Nextel, Paxson Communications, Sprint PCS, Verizon Wireless, Voicestream and others. The company also provides consulting services to the NFL, municipal agencies, Democratic and Republican Parties and U.S. Olympics. For more information on Tower America, visit: www.TowerAmerica.com . About Clear Channel Worldwide Clear Channel Worldwide (Clear Channel Communications Inc.) (NYSE:CCU), 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. , is a global leader in the out-of-home advertising industry with radio and television stations, outdoor displays, and entertainment venues in 66 countries around the world. Including announced transactions, Clear Channel operates approximately 1,225 radio and 37 television stations in the United States and has equity interests in over 240 radio stations internationally. Clear Channel also operates approximately 776,000 outdoor advertising displays, including billboards, street furniture and transit panels around the world. Clear Channel Entertainment is a leading promoter, producer and marketer of live entertainment events and owns leading athlete management and marketing companies. 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 |
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