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CC Media Holdings and Clear Channel Outdoor Set Date for Year-End/Fourth Quarter 2008 Earnings Release

CC Media Holdings, Inc. (OTCBB: CCMO) and Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) confirmed today that both companies will release year-end/fourth quarter 2008 financial results before the market opens on Monday, March 2, 2009 at approximately 7:00 a.m. Eastern Time. The companies will not be hosting a conference call or webcast.

About CC Media Holdings, Inc.

CC Media Holdings, the parent company of Clear Channel Communications, is a global media and entertainment company specializing in mobile and on-demand entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio and outdoor displays.

About Clear Channel Outdoor

Clear Channel Outdoor, headquartered in San Antonio, Texas, is a global leader in the outdoor advertising industry providing clients with advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays.

For further information contact Randy Palmer, Senior Vice President of Investor Relations, at 210-822-2828 or visit our web sites at www.clearchannel.com and www.clearchanneloutdoor.com.

Contacts:

CC Media Holdings, Inc., San Antonio
Randy Palmer, 210-822-2828
Senior Vice President of Investor Relations

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