Clear Channel Radio today announced that it has named Mitchell P. Goldstein, 48, as Chief Financial and Administrative Officer, effective immediately. Goldstein will oversee financial, administrative and strategic change activities and will work closely with John Hogan, President and CEO, and other senior executives at the Company.

“Mitch brings world-class talent and extensive financial expertise that broadens and strengthens our management team at this important time,” said John Hogan, President and CEO of Clear Channel Radio. “Mitch’s broad industry experience also complements our in-house knowledge and he will immediately become a strategic and operational asset to Clear Channel Radio.”

Goldstein’s considerable executive management expertise spans finance, legal and information technology (IT). He has served in executive positions at A&P, Vlasic Foods, and Campbell Soup Company, among others. Goldstein holds a B.S. in economics, magna cum laude, from the Wharton School of the University of Pennsylvania, and an MBA, with distinction, from Harvard Business School. He serves on the Boards of Rutgers Business School and The Elisabeth Morrow School.

“Clear Channel Radio is an outstanding business facing an unprecedented situation,” said Goldstein. “Every so often, great challenges are accompanied by great opportunity for success. I’m looking forward to working with John and his team to help achieve that success for Clear Channel Radio.”

Most recently, Goldstein spent two years as Executive Vice President and Chief Financial Officer of baby and healthcare products company Nice-Pak Products, overseeing finance and IT. He previously served as an operating executive with Prentice Capital Management, where he guided First Look Studios. He oversaw finance, legal and operational initiatives and was a member of the Executive Committee as Executive Vice President and Chief Financial Officer of The Great Atlantic & Pacific Tea Company, Inc. (A&P). He also held senior management and planning positions at Vlasic Foods International Inc., Campbell Soup Company, and Mercer Management Consulting.

About Clear Channel Radio

Clear Channel Radio is a leading radio company focused on serving local communities across the U.S. with more than 110 million listeners choosing Clear Channel Radio programming each week. The company's content can be heard on AM/FM stations, HD digital radio channels, on the Internet, via iPods and cell phones and used via navigation systems from BMW, Volvo, TomTom, Garmin and others. The company's operations include radio broadcasting, syndication and independent media representation. Clear Channel Radio is a division of Clear Channel Communications, Inc. (OTCBB:CCMO), a leading global media and entertainment company. More information on the company can be found at www.clearchannel.com.