Filed by Clear Channel Communications, Inc.
Pursuant to Rule 425 under the Securities Act of 1933, as amended
and deemed filed pursuant to Rule 14a-6
under the Securities Exchange Act of 1934, as amended
Subject Company: Clear Channel Communications, Inc.
Commission File No.: 333-143349
On September 20, 2007, CC Media Holdings, Inc. (formerly known as BT Triple Crown Capital
Holdings III, Inc.) filed a supplement to the joint proxy statement/prospectus dated August 21,
2007, relating to the previously announced merger agreement with a private equity group co-led by
Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. Shareholders of Clear Channel
Communications, Inc. are advised to read the supplement carefully because it contains important
information relating to the proposed Agreement and Plan of Merger, dated as of November 16, 2006,
by and among BT Triple Crown Merger Co., Inc., B Triple Crown Finco, LLC, T Triple Crown Finco,
LLC, CC Media Holdings, Inc. and Clear Channel Communications, Inc., as amended by Amendment No. 1,
dated April 18, 2007, and Amendment No. 2, dated as of May 17, 2007. Shareholders of Clear Channel
Communications, Inc. may obtain a copy of the supplement for free at the Securities and Exchange
Commission website at www.sec.gov.
Important Additional Information Regarding the Merger and Where to Find It:
In connection with the proposed merger, CC Media Holdings, Inc. (formerly known as BT Triple Crown
Capital Holdings III, Inc.) has filed with the Securities and Exchange Commission (the “SEC”) a
registration statement on Form S-4, as amended, that contains a joint proxy statement/prospectus
and other documents regarding the proposed transaction. Before making any voting or investment
decisions, security holders of Clear Channel are urged to read the joint proxy statement/prospectus
and all other documents regarding the merger, carefully in their entirety, because they contain
important information about the proposed transaction. Shareholders of Clear Channel may obtain
free copies of the joint proxy statement/prospectus and other documents filed with, or furnished
to, the SEC at the SEC’s website at htpp://www.sec.gov. In addition, a shareholder who wishes to
receive a copy of these materials, without charge, should submit this request to Clear Channel’s
proxy solicitor, Innisfree M&A Incorporated, at 501 Madison Avenue, 20th Floor, New
York, New York, 10022 or by calling Innisfree toll-free at (877) 456-3427.