NEWS RELEASE Joint announcement from Clear Channel Radio and American Federation of Television and Radio Artists (AFTRA): For Clear Channel Communications: Lisa Dollinger Clear Channel Communications (210) 822-2828 lisadollinger@clearchannel.com Kim Holt/Michele Clarke Brainerd Communicators, Inc. (212) 986-6667 holt@braincomm.com For AFTRA: Dick Moore/Helaine Feldman Dick Moore and Associates, Inc. (212) 719-9570 dmpubrel@aol.com Clear Channel Radio and AFTRA Reach Agreement Parties reach agreement on all outstanding issues New York, NY, April 22, 2003-Clear Channel Radio, a division of Clear Channel Communications (NYSE:CCU), and the New York Local of the American Federation of Television and Radio Artists (AFTRA) announced today that the two parties have reached an agreement concerning the on-air hosts at Clear Channel's New York stations, WLTW (106.7 FM), WKTU (103.5 FM), WAXQ (104.3 FM) and WWPR (105.1 FM). Details of the agreement were not released, however, both parties feel that the terms are in the best interest of AFTRA members, Clear Channel's New York stations and radio listeners in the market. "Clear Channel attributes the success of its New York stations to the talent and hard work of all its employees in the market," said John Hogan, president and CEO, Clear Channel Radio. "We are pleased with today’s agreement and remain committed to providing our listeners with the highest quality programming." "AFTRA and its members are pleased that we have reached an agreement with Clear Channel," said Peter Fuster, New York AFTRA Assistant Executive Director. "Today's announcement demonstrates our commitment to our members and to listeners of New York." About Clear Channel Communications Headquartered in San Antonio, Texas, Clear Channel Communications (NYSE: CCU) is a global leader in out-of-home advertising and entertainment. The company owns radio and television stations, outdoor advertising displays, produces live entertainment productions and owns venues in 65 countries, including throughout the US. Visit our website at www.clearchannel.com. About AFTRA The American Federation of Television and Radio Artists (AFL-CIO) is a diverse union representing 80,000 professionals nationwide who work in news and broadcasting and entertainment programming on television and radio, as well as the recording industry, commercials and industrial work, and new technologies such as interactive programming and CD ROMS. 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. Visit our Web site at www.clearchannel.com. http://www.keepnyradiolive.com/