Clear Channel to Present at Fifteenth Annual Smith Barney Citigroup En

    Business Editors
    Smith Barney Citigroup Entertainment, Media & Telecom Conference

    SAN ANTONIO--(BUSINESS WIRE)--Jan. 5, 2005--Clear Channel Communications Inc. (NYSE:CCU) announced today that Randall Mays, Executive Vice President and Chief Financial Officer, is scheduled to present at the Smith Barney Citigroup Entertainment, Media and Telecommunications Conference which will be held at the Arizona Biltmore Resort in Phoenix, AZ. The presentation is scheduled for Monday, January 10, 2005 at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time).
    The presentation will be carried live via audio webcast and will be available on the investor relations portion of Clear Channel's website, located at www.clearchannel.com.

    About Clear Channel Communications

    Clear Channel Communications, headquartered in San Antonio, Texas, is a global leader in the out-of-home advertising industry with radio and television stations, outdoor displays, and entertainment venues in 65 countries around the world.
    For further information, contact Randy Palmer, Vice President of Investor Relations, at 210-822-2828 or visit our website at www.clearchannel.com.

    Certain statements in this release could 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. Other key risks are described in the Clear Channel Communications' reports filed with the U.S. Securities and Exchange Commission. Except as otherwise stated in this news announcement, Clear Channel Communications does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

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CONTACT: Clear Channel Communications Inc., San Antonio Randy Palmer, 210-822-2828 www.clearchannel.com

KEYWORD: ARIZONA TEXAS TRACK INDUSTRY KEYWORD: ADVERTISING/MARKETING ENTERTAINMENT TELEVISION/RADIO CABLE MUSIC TRADESHOW CONFERENCE CALLS SOURCE: Clear Channel Communications Inc.

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