SAN ANTONIO – January 24, 2011 – Clear Channel Radio today announced the promotion of Amit Aggarwal to Senior Vice President of Revenue Management, effective immediately. In his new position, Aggarwal will be responsible for leading a team of over 30 Revenue Management professionals, as well as providing strategic direction, analytical insights and tools to further advance the Company’s overall revenue management efforts.

“Amit’s analytical and technical depth, coupled with his strategic and operational expertise make him the ideal candidate to lead our Revenue Management Team,” said John Kaufman, Executive Vice President of Business Operations at Clear Channel Radio.

“It’s gratifying to elevate an individual who has been so closely involved in driving positive change for our company over the past couple of years. We look forward to Amit’s continued contributions as a central player in our ongoing evolution,” added John Hogan, President and CEO of Clear Channel Radio.

Aggarwal joined Clear Channel Radio in June 2009 as Vice President of Revenue Strategy and Analytics. In this role, he fundamentally enhanced the Company’s revenue management capabilities by successfully leading the effort to implement a new, fully dynamic revenue management optimization system. He also managed the Company’s Regional Market Directors of Revenue Management.

Prior to joining Clear Channel Radio, Aggarwal spent seven years at Starwood Hotels and Resorts, most recently as Senior Director of Revenue Management Strategy and Analytics. He also held prior positions in Starwood’s technology group, and on its Customer Relationship Management team, where he played a critical role in that company’s creation of its technical and marketing-related CRM capabilities. Before Starwood, Amit spent several years at Priceline.com. Aggarwal is a graduate of Grinnell College and resides in New York City.

Contacts:

Lisa Dollinger

Clear Channel Communications

(210) 832-3348

lisadollinger@clearchannel.com

Anthony Herrling / Joe LoBello

Brainerd Communicators, Inc.

(212) 986-6667

herrling@braincomm.com

lobello@braincomm.com