Clear Channel Outdoor Wins Bus Advertising Contract for the City of Phoenix

Clear Channel Outdoor, Inc. (NYSE:CCO) today announcedthat it has been awarded the franchise for advertising in and on busesby the City of Phoenix, AZ. Under the contract, Clear Channel Outdoorwill market and sell interior and exterior advertising space on 482buses covering more than 512 square miles and a population of 1.4million. The award has been made following a competitive RFP processthat will allow Clear Channel Outdoor to further strengthen itsposition in the growing transit advertising segment. Transitadvertising has become more valuable in recent years and continues togrow as public transit ridership increases and transit agencies invitecreativity and innovation to market advertising space.

John Jacobs, President of Clear Channel Outdoor's ArizonaDivision, said, "The Phoenix bus franchise covers an area that notonly includes Phoenix but also reaches into Scottsdale, Tempe,Paradise Valley, Mesa, Glendale and the ever growing West Valley. Allof these areas have severely limited or no traditional outdoorproducts. When combined with our excellent bulletin plant it trulyallows us to deliver total market coverage and unmatched reach andfrequency to our advertisers. The franchise compares in geographicsize with the city of Los Angeles and Phoenix is one of the top growthmarkets in the country. Products include Full Wraps, King KongDisplays, Full Wrapped Backs, Kings, Queens, Tails and HeadlightDisplays. This addition to our portfolio in Phoenix will allowadvertisers one stop shopping for the best outdoor programs in themetro Phoenix area."

Debbie Cotton, director of the Phoenix Public Transit Department,said, "We've raised our advertising profile by partnering with ClearChannel Outdoor. The revenue generated by these sales will complementother transit funding and will allow us to do more for our passengersand community. We look forward to a great working relationship withthem."

Phoenix, the fifth largest city in the country, is now a $50billion marketplace driven by technology. Clear Channel Outdoor'sglobal headquarters are in Phoenix.

About Clear Channel Outdoor

Clear Channel Outdoor is the world's largest outdoor advertisingcompany with over 881,000 displays in more than 60 countries across 6continents. In the United States, the company operates over 155,000advertising displays and has a presence in 45 of the top 50 DesignatedMarket Areas. It also operates airport, rail, transit, taxi and malladvertising businesses worldwide. Its Spectacolor (U.S.) and DEFI(international) divisions are the global market leaders in spectacularsign displays, including in New York's Times Square. Clear ChannelAdshel is the company's international street furniture division, whichoperates over 3,500 municipal advertising contracts worldwide. Moreinformation may be found by visiting www.clearchanneloutdoor.com