Clear Channel and Howard Stern Agree to Withdraw Lawsuits

    Business Editors/Entertainment Editors

    SAN ANTONIO--(BUSINESS WIRE)--Feb. 23, 2005--Clear Channel (NYSE:CCU) announced today that the company and Howard Stern have agreed to withdraw their lawsuits and respective claims for money damages relating to the company's decision to remove his program from its radio stations.
    Clear Channel stopped airing the Stern Show in February 2004 as a result of repeated federal indecency violations.
    "We are pleased to resolve this contractual dispute with Howard Stern without further legal expense and delay. Today, Clear Channel stations are entertaining listeners without being indecent, and we intend to keep it that way," said Andrew Levin, Clear Channel's Executive Vice President and Chief Legal Officer.
    At the same time, Levin noted that Clear Channel remains concerned about growing disparity in federal government regulations concerning media content as it is delivered over competing platforms.
    "Congress and the FCC should be troubled that the current law unwittingly creates a safe haven for indecent programming on other media platforms, including satellite radio," said Levin. "Unfortunately these outlets are fast becoming the wild west for sexually explicit programming. The law needs to catch up to technology or our children will be the ultimate victims."

    About Clear Channel Communications

    Clear Channel Communications Inc. (NYSE:CCU) is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. Based in San Antonio, Texas, the company's businesses include radio, outdoor displays, live entertainment events and venues, and television stations. See us on the web at www.clearchannel.com.

    Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

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CONTACT: Clear Channel Communications Inc., San Antonio Lisa Dollinger, 210-832-3600 LisaDollinger@clearchannel.com or Brainerd Communicators Jennifer Gery, 212-986-6667 Gery@braincomm.com

KEYWORD: TEXAS NEW YORK INDUSTRY KEYWORD: LEGAL/LAW GOVERNMENT ENTERTAINMENT TELEVISION/RADIO CABLE CLASS ACTION LAWSUITS SOURCE: Clear Channel Communications Inc.

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