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<SEC-DOCUMENT>0000950134-08-021930.txt : 20081210
<SEC-HEADER>0000950134-08-021930.hdr.sgml : 20081210
<ACCEPTANCE-DATETIME>20081210161613
ACCESSION NUMBER:		0000950134-08-021930
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20081209
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081210
DATE AS OF CHANGE:		20081210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			C C Media Holdings Inc
		CENTRAL INDEX KEY:			0001400891
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53354
		FILM NUMBER:		081241270

	BUSINESS ADDRESS:	
		STREET 1:		100 FEDERAL STREET
		STREET 2:		C/O THOMAS H. LEE PARTNERS, L.P.
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		617-227-1050

	MAIL ADDRESS:	
		STREET 1:		100 FEDERAL STREET
		STREET 2:		C/O THOMAS H. LEE PARTNERS, L.P.
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BT Triple Crown Capital Holdings III, Inc.
		DATE OF NAME CHANGE:	20070524
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d65527e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>Form&nbsp;8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Current Report<BR>
Pursuant to Section&nbsp;13 or 15(d) of the<BR>
Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (Date of Earliest Event Reported): December&nbsp;9, 2008</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CC MEDIA HOLDINGS, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in its Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>000-53354</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>26-0241222</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction of
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">Incorporation or Organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>200 East Basse Road<BR>
San Antonio, TX 78209</B><BR>
(Address of Principal Executive Offices, Including Zip Code)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>(210)&nbsp;822-2828</B><BR>
(Registrant&#146;s Telephone Number, Including Area Code)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ITEMS TO BE INCLUDED IN THIS REPORT</B>
</DIV>


<!--TOC-->
<!--/TOC-->




<!-- link1 "Item&nbsp;8.01 Other Events" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8.01 Other Events.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;On December&nbsp;9, 2008, Clear Channel Communications, Inc. (&#147;Clear Channel&#148;), a subsidiary
of CC Media Holdings, Inc., issued a press release announcing that it had received tenders of
$239,902,000 aggregate principal amount of its outstanding 7.65% Senior Notes due 2010 (the
&#147;Notes&#148;) pursuant to Clear Channel&#146;s previously announced tender offer for the Notes (the &#147;2010
Notes Offer&#148;). Clear Channel also announced that it amended the 2010 Notes Offer so that Clear
Channel is now offering to purchase any and all outstanding Notes for total consideration of $650
per $1,000 principal amount of such Notes accepted for purchase, plus accrued and unpaid interest
on such Notes. The 2010 Notes Offer originally contemplated the purchase of up to $200,000,000
aggregate principal amount of Notes, and the total consideration was to be determined pursuant to a
modified &#147;Dutch auction,&#148; to be set at an amount not less than $500 nor greater than $650 per
$1,000 principal amount.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clear Channel&#146;s announcement extended the early participation date for the 2010 Notes Offer
from 5:00 p.m., New York City time, on December&nbsp;8, 2008 to 8:00 a.m., New York City time, on
December&nbsp;23, 2008 (the &#147;Early Participation Date&#148;). Holders of the Notes who validly tender their
Notes at or prior to the Early Participation Date will be eligible to receive the tender offer
consideration of $640 per $1,000 principal amount of Notes plus the early participation payment of
$10 per $1,000 principal amount of Notes, in addition to accrued and unpaid interest on such Notes.
The 2010 Notes Offer will expire at 8:00 a.m., New York City time, on December&nbsp;23, 2008, unless
terminated or extended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;On December&nbsp;9, 2008, Clear Channel issued a press release announcing that its indirect
wholly-owned subsidiary, CC Finco, LLC (&#147;CC Finco&#148;), extended the early participation date for each
of CC Finco&#146;s previously announced tender offers from 5:00 p.m., New York City time, on December&nbsp;8,
2008 to 8:00 a.m., New York City time, on December&nbsp;23, 2008 (the &#147;CC Finco Early Participation
Date&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On November&nbsp;24, 2008, CC Finco commenced (i)&nbsp;a cash tender offer for Clear Channel&#146;s
outstanding 6.25% Senior Notes due 2011 (CUSIP No.&nbsp;184502AY8) and Clear Channel&#146;s outstanding 4.40%
Senior Notes due 2011 (CUSIP No.&nbsp;184502AR3), and (ii)&nbsp;a cash tender offer for Clear Channel&#146;s
outstanding 5.00% Senior Notes due 2012 (CUSIP No.&nbsp;184502AU6) and Clear Channel&#146;s outstanding 5.75%
Senior Notes due 2013 (CUSIP No.&nbsp;184502AP7) (collectively, the &#147;Tender Offers&#148;). The notes subject
to the Tender Offers are referred to herein collectively as the &#147;2011/2012/2013 Notes.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holders of the 2011/2012/2013 Notes who validly tender their 2011/2012/2013 Notes at or prior
to the CC Finco Early Participation Date will be eligible to receive the tender offer consideration
applicable to such 2011/2012/2013 Notes plus the early participation payment of $10 per $1,000
principal amount of 2011/2012/2013 Notes, in addition to accrued and unpaid interest on such
2011/2012/2013 Notes. Each of the Tender Offers will expire at 8:00 a.m., New York City time, on
December&nbsp;23, 2008, unless terminated or extended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the tender offers described above is subject to the offer to purchase and letter of
transmittal applicable to each such tender offer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copies of the press releases referred to in clauses (a)&nbsp;and (b)&nbsp;above are attached hereto as
Exhibit&nbsp;99.1 and Exhibit&nbsp;99.2, respectively, and are incorporated by reference herein.
</DIV>
<!-- link1 "Item&nbsp;9.01 Financial Statements and Exhibits" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Exhibits
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">99.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Press Release of Clear Channel Communications, Inc. issued December&nbsp;9, 2008.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">99.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Press Release of Clear Channel Communications, Inc. issued December&nbsp;9, 2008.</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<!-- link1 "SIGNATURE" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="50%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><BR>

<B>CC MEDIA HOLDINGS, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: December 10, 2008&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Herbert W. Hill, Jr.
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Herbert W. Hill, Jr.&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" nowrap>Senior Vice President, Chief
Accounting Officer <BR>
and Assistant Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>
<!-- link1 "INDEX TO EXHIBITS" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INDEX TO EXHIBITS</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">99.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Press Release of Clear Channel Communications, Inc. issued December&nbsp;9, 2008.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">99.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Press Release of Clear Channel Communications, Inc. issued December&nbsp;9, 2008.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d65527exv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Clear Channel Announces Preliminary Results of and Amendment to its Tender Offer for<BR>
7.65% Senior Notes due 2010</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>San Antonio, TX, December&nbsp;9, 2008</B>. Clear Channel Communications, Inc. (&#147;Clear Channel&#148;) announced
today that it has received tenders of $239,902,000 aggregate principal amount of 7.65% Senior Notes
due 2010 (CUSIP No.&nbsp;184502AK8) (the &#147;Notes&#148;) pursuant to Clear Channel&#146;s previously announced
tender offer for the Notes (the &#147;2010 Notes Offer&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Clear Channel also announced today that it is amending the 2010 Notes Offer so that Clear Channel
is now offering to purchase any and all outstanding Notes for total consideration of $650 per
$1,000 principal amount of such Notes accepted for purchase, plus accrued and unpaid interest on
such Notes up to, but not including, the settlement date. The 2010 Notes Offer originally
contemplated the purchase of up to $200,000,000 aggregate principal amount of Notes, and the total
consideration was to be determined pursuant to a modified &#147;Dutch auction,&#148; to be set at an amount
not less than $500 nor greater than $650 per $1,000 principal amount.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Clear Channel also announced that it has extended the early participation date for the Notes from
5:00 p.m., New York City time, on December&nbsp;8, 2008 to 8:00 a.m., New York City time, on December
23, 2008 (the &#147;Early Participation Date&#148;). Holders of the Notes who validly tender their Notes at
or prior to the Early Participation Date will be eligible to receive the tender offer consideration
of $640 per $1,000 principal amount of Notes plus the consent payment of $10 per $1,000 principal
amount of Notes, in addition to accrued and unpaid interest on such Notes up to, but not including,
the settlement date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The withdrawal date relating to the 2010 Notes Offer occurred at 5:00 p.m., New York City time, on
December&nbsp;8, 2008. Notes previously tendered and Notes that are tendered after the date hereof may
not be withdrawn, except in certain limited circumstances where additional withdrawal rights are
required by law (as determined by Clear Channel). The 2010 Notes Offer will expire at 8:00 a.m.,
New York City time, on December&nbsp;23, 2008, unless terminated or extended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Clear Channel intends to fund payment for the Notes purchased in the 2010 Notes Offer with the
second of three borrowings permitted to be drawn under its existing delayed draw term loan facility
to purchase, redeem or repay the Notes. The 2010 Notes Offer is conditioned on the satisfaction of
certain customary conditions. The 2010 Notes Offer is not conditioned on financing. Subject to
applicable law, Clear Channel may also terminate the 2010 Notes Offer at any time before the
expiration date in its sole discretion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Clear Channel has retained Citi to act as the dealer manager for the 2010 Notes Offer. Global
Bondholder Services Corporation is the information agent and depositary for the 2010 Notes Offer.
Questions regarding the 2010 Notes Offer should be directed to Citi at (800)&nbsp;558-3745 (toll-free)
or (212)&nbsp;723-6106 (collect). Requests for documentation should be directed to Global Bondholder
Services Corporation at (212)&nbsp;430-3774 (for banks and brokers only) or (866)&nbsp;873-7700 (for all
others toll-free).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This announcement is not an offer to purchase or a solicitation of an offer to purchase with
respect to the Notes. The 2010 Notes Offer is being made solely pursuant to the applicable offer
to purchase and related documents. The 2010 Notes Offer is not being made to holders of Notes in
any jurisdiction in which the making or acceptance thereof would not be in compliance with
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the
securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the
securities laws or blue sky laws require the 2010 Notes Offer to be made by a licensed broker or
dealer, the 2010 Notes Offer will be deemed to be made on behalf of Clear Channel by the dealer
manager, or one or more registered brokers or dealers that are licensed under the laws of such
jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Clear Channel Communications, Inc., headquartered in San Antonio, Texas, is a global leader in the
out-of-home advertising industry with radio stations and outdoor displays in various countries
around the world.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Cautionary Note Regarding Forward-Looking Statements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This press release contains forward-looking statements based on current Clear Channel management
expectations. Those forward-looking statements include all statements other than those made solely
with respect to historical fact. Numerous risks, uncertainties and other factors may cause actual
results to differ materially from those expressed in any forward-looking statements. Many of the
factors that will determine the outcome of the subject matter of this press release are beyond
Clear Channel&#146;s ability to control or predict. Clear Channel does not undertake any obligation to
revise or update any forward-looking statements, or to make any other forward-looking statements,
whether as a result of new information, future events or
otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Contact</B><BR>
Clear Channel Communications, Inc.<BR>
Investor Relations Department, 210-822-2828

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>d65527exv99w2.htm
<DESCRIPTION>EX-99.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.2</B>
</DIV>




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Clear Channel Announces Extension of the Early Participation Dates in its Subsidiary&#146;s<BR>
Tender Offers for Senior Notes</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>San Antonio, TX, December&nbsp;9, 2008</B>. Clear Channel Communications, Inc. announced today that its
indirect wholly-owned subsidiary, CC Finco, LLC (&#147;CC Finco&#148;), has extended the early participation
date for each of CC Finco&#146;s previously announced Tender Offers (as defined below) from 5:00 p.m.,
New York City time, on December&nbsp;8, 2008 to 8:00 a.m., New York City time, on December&nbsp;23, 2008 (the
&#147;Early Participation Date&#148;). On November&nbsp;24, 2008, CC Finco commenced (i)&nbsp;a cash tender offer for
Clear Channel&#146;s outstanding 6.25% Senior Notes due 2011 (CUSIP No.&nbsp;184502AY8) and Clear Channel&#146;s
outstanding 4.40% Senior Notes due 2011 (CUSIP No.&nbsp;184502AR3), and (ii)&nbsp;a cash tender offer for
Clear Channel&#146;s outstanding 5.00% Senior Notes due 2012 (CUSIP No.&nbsp;184502AU6) and Clear Channel&#146;s
outstanding 5.75% Senior Notes due 2013 (CUSIP No.&nbsp;184502AP7) (collectively, the &#147;Tender Offers&#148;).
The notes subject to the Tender Offers are referred to herein collectively as the &#147;Notes.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Holders of the Notes who validly tender their Notes at or prior to the Early Participation Date
will be eligible to receive the tender offer consideration applicable to such Notes plus the early
participation payment of $10 per $1,000 principal amount of Notes, in addition to accrued and
unpaid interest on such Notes up to, but not including, the settlement date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The withdrawal date relating to each of the Tender Offers occurred at 5:00 p.m., New York City
time, on December&nbsp;8, 2008. Notes previously tendered and Notes that are tendered after the date
hereof may not be withdrawn, except in certain limited circumstances where additional withdrawal
rights are required by law (as determined by CC Finco). Each of the Tender Offers will expire at
8:00 a.m., New York City time, on December&nbsp;23, 2008, unless terminated or extended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CC Finco has retained Citi to act as the dealer manager for each of the Tender Offers. Global
Bondholder Services Corporation is the information agent and depositary for each of the Tender
Offers. Questions regarding the Tender Offers should be directed to Citi at (800)&nbsp;558-3745
(toll-free) or (212)&nbsp;723-6106 (collect). Requests for documentation should be directed to Global
Bondholder Services Corporation at (212)&nbsp;430-3774 (for banks and brokers only) or (866)&nbsp;873-7700
(for all others toll-free).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This announcement is not an offer to purchase or a solicitation of an offer to purchase with
respect to the Notes. The Tender Offers are being made solely pursuant to the applicable offer to
purchase and related documents. The Tender Offers are not being made to holders of Notes in any
jurisdiction in which the making or acceptance thereof would not be in compliance with the
securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the
securities laws or blue sky laws require the Tender Offers to be made by a licensed broker or
dealer, the Tender Offers will be deemed to be made on behalf of CC Finco by the dealer manager, or
one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Clear Channel Communications, Inc., headquartered in San Antonio, Texas, is a global leader in the
out-of-home advertising industry with radio stations and outdoor displays in various countries
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">around the world. CC Finco, LLC, headquartered in San Antonio, Texas, is a newly-formed, indirect
wholly-owned subsidiary of Clear Channel.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Cautionary Note Regarding Forward-Looking Statements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This press release contains forward-looking statements based on current Clear Channel and CC Finco
management expectations. Those forward-looking statements include all statements other than those
made solely with respect to historical fact. Numerous risks, uncertainties and other factors may
cause actual results to differ materially from those expressed in any forward-looking statements.
Many of the factors that will determine the outcome of the subject matter of this press release are
beyond Clear Channel&#146;s or CC Finco&#146;s ability to control or predict. Neither Clear Channel nor CC
Finco undertakes any obligation to revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new information, future events or<BR>
otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Contact</B><BR>
Clear Channel Communications, Inc.<BR>
Investor Relations Department, 210-822-2828

</DIV>


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