Suzanne Grimes Named President and Chief Operating Officer of Clear Channel Outdoor Americas

  Suzanne Grimes Named President and Chief Operating Officer of Clear Channel
  Outdoor Americas

 Appointment of Highly-Regarded Media Executive Supports Company’s Aggressive
           Transformation Into LeadingGlobal Advertising Business

Business Wire

NEW YORK -- December 07, 2012

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), one of the world’s largest
outdoor advertising companies, today announced the hiring of Suzanne Grimes as
President and Chief Operating Officer of Clear Channel Outdoor Americas
(CCOA),effective January 1, 2013. In this role she will be responsible for
all of CCO’s business in the U.S. and Canada, and will report to William
Eccleshare, CEO of CCO.

Grimes, a highly-regarded executive with a 25-year history in the media
business, will head the CCOA Executive Committee, which guides CCOA’s overall
corporate strategy in North America, and she will lead the CCOA team of sales,
marketing, creative, real estate and operations professionals to showcase how
out-of-home marketing is one of the most affordable and effective solutions
for advertisers. Grimes also will sit on CCO's Global Leadership Group, which
directs the worldwide strategic direction of the parent company, collaborating
with Eccleshare and his team to advance a global program to accelerate growth.

Grimes’ appointment aligns with CCO’s aggressive moves to transform the
company into a leading global advertising business, with investment in new
digital technology and out-of-home storytelling that provides local, national,
and global advertisers with unique opportunities to cut through the saturated
media environment.

Grimes previously served as President of the U.S. Lifestyle Communities group
at Reader’s Digest Association, transforming a multi-platform portfolio of
assets including allrecipes.com,Every Day with Rachael Rayandthe Taste of
Home family of brands, and driving revenue growth and significant margin
improvement. She also led the Reader’s Digest business units in Canada and
India, and served on the Reader’s Digest Association Executive Committee.

Prior to Reader’s Digest, Grimes spent a decade at Condé Nast, where she led
the corporate sales team responsible for advertising sales across a portfolio
of 30 powerful consumer magazine brands and related digital businesses.
Earlier at Condé Nast, she served as vice president and publisher of Women’s
Sports & Fitness, Allure and Glamour magazines.

Before Condé Nast, Grimes served at News Corp as senior vice president and
publisher of TV Guide, expanding their local advertising proposition to
attract sophisticated national advertising partners. She also sat on the
Executive Committee that transformed TV Guide magazine into a multi-platform
resource for consumers.

“Suzanne is a star in the media and advertising industries, and we are
delighted that she will bring her abilities and energy to Clear Channel
Outdoor to support our drive to be a leading global advertising business,”
said Mr. Eccleshare. “Her decision to join our dynamic team highlights outdoor
advertising’s immense potential to connect consumers to brands in a very real
way, clearly impacting their perceptions of advertisers’ brands and products.
Her depth of experience and leadership skills will be invaluable to Clear
Channel Outdoor.”

“It’s a dynamic time in the media industry, with massive changes rippling
through the industry. But the out-of-home business stands out with its unique
promise and potential,” said Grimes. “I’m thrilled to join William and the
high caliber leadership team at Clear Channel to help shape and realize their
strategic vision for the future. CCO’s scale, immediacy and efficiency, its
global footprint, and its extraordinary advances in digital technology can be
a game changer for major marketers. I’m incredibly excited to lead the
talented CCOA team and drive that change.”

About Clear Channel Outdoor Holdings

Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) is one of the world’s
largest outdoor advertising companies, with more than 750,000 displays in over
40 countries across five continents, including 48 of the 50 largest markets in
the United States. Clear Channel Outdoor Holdings offers many types of
displays across its global platform to meet the advertising needs of its
customers. This includes a growing digital platform that now offers over 1000
digital billboards across 37 U.S. markets. Clear Channel Outdoor Holdings’
International segment operates in nearly 30 countries across Asia, Australia,
Europe, and Latin America in a wide variety of formats.

About CC Media Holdings, Inc./Clear Channel Communications, Inc.

CC Media Holdings, Inc. (OTCBB: CCMO), the parent company of Clear Channel
Communications and its publicly traded subsidiary Clear Channel Outdoor
Holdings, Inc., is one of the leading global media and entertainment companies
specializing in radio, digital, outdoor, mobile, live events, and on-demand
entertainment and information services for local communities and providing
premier opportunities for advertisers.

Contact:

Clear Channel
Wendy Goldberg, 212-549-0965
wendygoldberg@clearchannel.com