2008-08-01 23:09:03 -

www.clearchannel.com - CC Media Holdings, Inc. (OTCBB: CCMOV) and Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) confirmed today that both companies will release second quarter 2008 financial results before the market open on Monday, August 11, 2008 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 new 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. More information is available at www.clearchannel.com.

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 site at www.clearchannel.com.

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