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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950134-08-022743.txt : 20081224
<SEC-HEADER>0000950134-08-022743.hdr.sgml : 20081224
<ACCEPTANCE-DATETIME>20081224091513
ACCESSION NUMBER:		0000950134-08-022743
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081223
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081224
DATE AS OF CHANGE:		20081224

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:		081269016

	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>d65682e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<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;23, 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 <BR>
Incorporation or Organization)
</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<BR>
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 align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
</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>





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<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>


<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;On December&nbsp;23, 2008, Clear Channel Communications, Inc. (&#147;Clear Channel&#148;), a subsidiary of CC
Media Holdings, Inc., issued a press release announcing that (a)&nbsp;Clear Channel&#146;s tender offer for
its outstanding 7.65% Senior Notes due 2010 (the &#147;7.65% Notes&#148;) was completed and (b)&nbsp;the tender
offers by Clear Channel&#146;s indirect wholly-owned subsidiary, CC Finco, LLC (&#147;CC Finco&#148;), for (i)
Clear Channel&#146;s outstanding 6.25% Senior Notes due 2011 (the &#147;6.25% Notes&#148;) and outstanding 4.40%
Senior Notes due 2011(the &#147;4.40% Notes&#148; and, together with the 6.25% Notes, the &#147;2011 Notes&#148;) and
(ii)&nbsp;Clear Channel&#146;s outstanding 5.00% Senior Notes due 2012 (the &#147;5.00% Notes&#148;) and outstanding
5.75% Senior Notes due 2013 (the &#147;5.75% Notes&#148; and, together with the 5.00% Notes, the &#147;2012/2013
Notes&#148;), were also completed. The 7.65% Notes, the 2011 Notes and the 2012/2013 Notes are referred
to herein collectively as the &#147;Notes&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clear Channel received tenders of $252,403,000 aggregate principal amount of the 7.65% Notes
(approximately 65.38% of the total outstanding principal amount of such Notes). CC Finco received
tenders of $27,059,000 aggregate principal amount of the 6.25% Notes (approximately 3.61% of the
total outstanding principal amount of such Notes), $26,721,000 aggregate principal amount of the
4.40% Notes (approximately 10.69% of the total outstanding principal amount of such Notes),
$24,200,000 aggregate principal amount of the 5.00% Notes (approximately 8.07% of the total
outstanding principal amount of such Notes) and $24,261,000 aggregate principal amount of the 5.75%
Notes (approximately 4.85% of the total outstanding principal amount of such Notes). Clear Channel
and CC Finco have accepted for purchase all of the Notes validly tendered (and not validly
withdrawn) in the tender offers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A copy of the press release is attached hereto as Exhibit&nbsp;99.1 and is incorporated by
reference herein.
</DIV>

<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 align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release of Clear Channel Communications, Inc. issued December&nbsp;23, 2008.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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<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="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>CC MEDIA HOLDINGS, INC.</B>



&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top" align="left">Date: December&nbsp;24, 2008<BR><BR></TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<TR>
    <TD align="left">&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">Senior Vice President, Chief
Accounting Officer and Assistant Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INDEX TO EXHIBITS</B>
</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="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release of Clear Channel Communications, Inc. issued December&nbsp;23, 2008.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



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



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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d65682exv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
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<TITLE>exv99w1</TITLE>
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<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 AND CC FINCO ANNOUNCE EXPIRATION AND FINAL<BR>
RESULTS OF THE PREVIOUSLY ANNOUNCED TENDER OFFERS FOR CLEAR<BR>
CHANNEL&#146;S SENIOR NOTES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>San Antonio, TX</B>, <B>December&nbsp;23, 2008 </B>&#151; Clear Channel Communications, Inc. (&#147;Clear Channel&#148;)
announced today the expiration and final results of its previously announced cash tender offer (the
&#147;2010 Notes Tender Offer&#148;) to purchase any and all of its outstanding 7.65% Senior Notes due 2010
(CUSIP No.&nbsp;184502AK8) (the &#147;7.65% Notes&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Clear Channel also announced the expiration and final results of the previously announced cash
tender offers by its indirect wholly-owned subsidiary, CC Finco, LLC (&#147;CC Finco&#148;), for (1)&nbsp;Clear
Channel&#146;s outstanding 6.25% Senior Notes due 2011 (CUSIP No.&nbsp;184502AY8) (the &#147;6.25% Notes&#148;) and
Clear Channel&#146;s outstanding 4.40% Senior Notes due 2011 (CUSIP No.&nbsp;184502AR3) (the &#147;4.40% Notes&#148;
and, together with the 6.25% Notes, the &#147;2011 Notes&#148;) (the &#147;2011 Notes Tender Offer&#148;), and (2)&nbsp;for
Clear Channel&#146;s outstanding 5.00% Senior Notes due 2012 (CUSIP No.&nbsp;184502AU6) (the &#147;5.00% Notes&#148;)
and Clear Channel&#146;s outstanding 5.75% Senior Notes due 2013 (CUSIP No.&nbsp;184502AP7) (the &#147;5.75%
Notes&#148; and, together with the 5.00% Notes, the &#147;2012/2013 Notes&#148;) (the &#147;2012/2013 Notes Tender
Offer&#148; and, collectively with the 2010 Notes Tender Offer and the 2011 Notes Tender Offer, the
&#147;Tender Offers&#148;). The 7.65% Notes, the 2011 Notes and the 2012/2013 Notes are referred to herein
collectively as the &#147;Notes.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The tender offer and early participation date for each Tender Offer expired at 8:00 a.m., New York
City time, on December&nbsp;23, 2008<B>.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Clear Channel has accepted for purchase all of the 7.65% Notes validly tendered (and not validly
withdrawn) in the 2010 Notes Tender Offer. The aggregate principal amount of the 7.65% Notes
validly tendered (and not validly withdrawn) pursuant to the 2010 Notes Tender Offer was
$252,403,000, representing approximately 65.38% of outstanding 7.65% Notes. After the settlement
of the 2010 Notes Tender Offer, $133,681,000 aggregate principal amount of the 7.65% Notes will
remain outstanding. The total consideration payable per $1,000 principal amount of 7.65% Notes is
$650 (plus accrued and unpaid interest as described below). Clear Channel intends to fund payment
for the 7.65% Notes purchased in the 2010 Notes Tender 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 7.65% Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CC Finco has accepted for purchase all of the 2011 Notes validly tendered (and not validly
withdrawn) in the 2011 Notes Tender Offer. The aggregate principal amount of the 6.25% Notes
validly tendered (and not validly withdrawn) pursuant to the 2011 Notes Tender Offer was
$27,059,000, representing approximately 3.61% of outstanding 6.25% Notes. The total consideration
payable per $1,000 principal amount of 6.25% Notes is $320 (plus accrued and unpaid interest as
described below). The aggregate principal amount of the 4.40% Notes validly tendered (and not
validly withdrawn) pursuant to the 2011 Notes Tender Offer was $26,721,000, representing
approximately 10.69% of outstanding 4.40% Notes. The total consideration
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">payable per $1,000 principal amount of 4.40% Notes is $250 (plus accrued interest as described
below).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CC Finco has accepted for purchase all of the 2012/2013 Notes validly tendered (and not validly
withdrawn) in the 2012/2013 Notes Tender Offer. The aggregate principal amount of the 5.00% Notes
validly tendered (and not validly withdrawn) pursuant to the 2012/2013 Notes Tender Offer was
$24,200,000, representing approximately 8.07% of outstanding 5.00% Notes. The total consideration
payable per $1,000 principal amount of 5.00% Notes is $200 (plus accrued and unpaid interest as
described below). The aggregate principal amount of the 5.75% Notes validly tendered (and not
validly withdrawn) pursuant to the 2012/2013 Notes Tender Offer was $24,261,000, representing
approximately 4.85% of outstanding 5.75% Notes. The total consideration payable per $1,000
principal amount of 5.75% Notes is $175 (plus accrued and unpaid interest as described below).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Clear Channel and CC Finco, as applicable, will pay to The Depository Trust Company the total
consideration payable to holders in the Tender Offers, and Global Bondholder Services Corporation,
the depositary for the Tender Offers, will irrevocably instruct The Depository Trust Company to pay
to the validly tendering holders the total tender offer consideration, including accrued and unpaid
interest on the accepted Notes from the last applicable interest payment date to, but not
including, the actual date of settlement.
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Citi acted as the dealer manager for the Tender Offers. Global Bondholder Services Corporation is
the Information Agent and Depositary for 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). This announcement is for
informational purposes only. This announcement is not an offer to purchase or a solicitation of an
offer to purchase with respect to any Notes. The Tender Offers were made solely pursuant to the
applicable Offer to Purchase and related documents. The Tender Offers were not 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 required the Tender Offers to be made by a licensed broker or
dealer, the Tender Offers were deemed to be made on behalf of Clear Channel or CC Finco, as the
case may be, 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. CC Finco, LLC, headquartered in San Antonio, Texas, is a newly-formed, indirect
wholly-owned subsidiary of Clear Channel.
</DIV>


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<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
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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