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Ryan Seacrest and Clear Channel Enter into Expanded Multi-Year Partnership

^{Published on 2010-11-30 04:36:00 - Market Wire}
 

SAN ANTONIO & LOS ANGELES--([ BUSINESS WIRE ])--CC Media Holdings, Inc. (OTCBB: CCMO) and the Clear Channel Radio division of its wholly-owned subsidiary, Clear Channel Communications, Inc., and Ryan Seacrest Enterprises today announced they have entered into a new and expanded multi-year partnership agreement under which Ryan Seacrest will continue in his current role as producer and host of three top-rated radio programs broadcast in Los Angeles and New York, which are also syndicated for national and international distribution. Additionally, Seacrest will create and deliver new content for distribution through Clear Channela™s traditional and digital radio platforms on both a local market and national basis, as well as serve as a spokesperson for Clear Channel. Under the new agreement, Seacrest and Clear Channel will also create joint ventures to develop and promote new musical artists and other multi-platform media projects.

"Outstanding Host for a Reality or Reality-Competition Program"

The three-year agreement builds on and vastly expands the relationship first established between Seacrest and Clear Channel in 2004 when Seacrest assumed hosting duties for American Top 40, syndicated by Clear Channela™s Premiere Radio Networks, and also began morning hosting duties for Clear Channela™s KIIS-FM morning show in Los Angeles. Taken together, and supported by Seacresta™s extraordinary popularity and Clear Channela™s strong national and local market radio brands, the new agreement creates a dynamic media and entertainment platform with unparalleled reach and penetration capabilities across a wide range of demographics and media outlets. Financial terms of the agreement were not disclosed.

aEveryone at Clear Channel is thrilled to renew and expand our partnership with Ryan, who is not only a top radio and television personality but also a true visionary who has firmly established himself as Americaa™s leading curator of popular culture,a said Robert W. Pittman, Clear Channela™s Chairman of Media and Entertainment Platforms. aRyan is a singular talent and brings incredible assets to his partnership with Clear Channel. His likability and broad appeal are a key reason why his shows have such phenomenal reach and penetration. What we have already achieved together with Ryana™s radio programs in Los Angeles, New York and across the nation, and which we will now take further under our new agreement, underscores our uniquely powerful ability to reach a national audience while executing locally in both traditional and digital radio.a

aRyan exemplifies the level of talent and programming we are committed to bringing our listeners across a variety of platforms,a said John Hogan, President and Chief Executive Officer of Clear Channel Radio. aHis experience and track record as a host and a producer and his extensive industry relationships make Ryan an ideal partner for the development of new vehicles as we drive growth opportunities across all of our radio platforms, on air, online and on-site. We look forward to continuing to work with him to promote his current shows through Premiere Radio Networks and collaborating with him to create and bring trend-setting new content ideas to fruition.a

"I believe Clear Channela™s programming is only beginning to scratch the surface of what we can achieve together to connect with audiences and create innovative and compelling opportunities for listeners and advertisers. Ia™m excited to work closely with Clear Channela™s radio leadership to develop new concepts and content that brings the untapped potential of radio to life across a range of delivery platforms. Ia™m particularly looking forward to exploring and capitalizing on the exciting possibilities the digital era holds for radio,a said Ryan Seacrest.

The terms of the new agreement call for Seacrest to continue as host of On Air with Ryan Seacrest, his top-rated daily radio program which airs from 5:00 - 10:00 a.m. PT on Clear Channel Radioa™s 102.7 KIIS-FM in Los Angeles, which is also tailored for the New York market on Z100. In addition, the nationally syndicated mid-day version of On Air with Ryan Seacrest will be expanded to four hours and also extends Ryana™s services on the nationally and internationally distributed American Top 40, which is syndicated by Premiere Radio Networks.

American Top 40 continues to be the number one countdown show in the U.S. and can be heard on nearly 500 radio stations worldwide including markets such as New York, Los Angeles, Chicago, Washington, D.C., Singapore, Toronto, Vancouver, Montreal, Tokyo, Kuala Lumpur, Dubai, Beijing and many others. For the past five years, Seacresta™s local radio show on KIIS-FM/Los Angeles has been the most-listened-to program in Southern California (Source: Arbitron, FA'04 to JAN'10, MSA & PPM, Cume, MF 6-10, P 12+) and consistently wins every female demo from 12-17 to 25-34 (Arbitron, FAa™04 to JANa™10, MSA & PPM, AQH, MF 6-10A).

Further, the agreement calls for Seacrest to commit time as a spokesperson and advocate for Clear Channel, and his endorsements of Clear Channel products and services will include appearances at Clear Channel-sponsored events such as Jingle Ball and Wango Tango. Seacrest will also work closely with Clear Channel leadership to develop exclusive new radio content for national and international syndication via both traditional and digital media.

A third element of the agreement creates a joint venture between Seacrest and Clear Channel aimed at developing and producing various entertainment concepts such as a record label and music publishing, a live concert series and content for television.

About Ryan Seacrest

With his thriving broadcasting career and multiple ventures, Ryan Seacrest is at the forefront of the media and entertainment industry. While hosting and producing multiple television and radio programs, building his Ryan Seacrest Productions banner (RSP) into a leading television production company, and managing myriad brand ventures, Seacrest is redefining what it means to be a successful Hollywood entrepreneur. Seacrest holds preeminent positions in broadcast television, nationally syndicated radio, local radio and cable as both a producer and on-air host. He is celebrated internationally as host of the top-rated primetime talent showcase aAmerican Idol,a and hosts and produces E! News and its red carpet awards show coverage. He also executive produces and co-hosts aDick Clarka™s New Yeara™s Rockina™ Eve with Ryan Seacrest.a Seacrest has been nominated for an Emmy® award in the aOutstanding Host for a Reality or Reality-Competition Programa category for his work on aAmerican Idol,a and has also hosted the live network broadcast of the Emmy® awards show. On radio, Seacrest is host of aOn Air with Ryan Seacrest,a his market-topping #1 nationally syndicated LA morning drive-time radio show for Clear Channela™s 102.7 KIIS-FM, as well as the nationally-syndicated programs aAmerican Top 40a and aOn Air with Ryan Seacrest.a

RSP recently produced the ABC hit show aJamie Olivera™s Food Revolution,a and also produces the highest-rated show on the E!, aKeeping Up with the Kardashians,a as well as aKourtney and Khloe Take Miami,a which debuted on E! in 2009. Seacresta™s ever growing brand spans beyond media with his many entrepreneurial endeavors. He has extensive deals with brand heavyweights Proctor & Gamble, Coca-Cola and Microsoft, and recently announced a strategic marketing and technology alliance with Eventful, Inc.

Originally from Atlanta, GA, Seacresta™s professional career in broadcasting began at the age of 16 when he applied for an internship at one of Atlantaa™s top radio stations, WSTR-STAR 94. While working at STAR 94 he finished high school and went on to attend the University of Georgia where he majored in Journalism. Seacrest currently resides in Los Angeles, CA.

About CC Media Holdings, Inc.

CC Media Holdings, Inc. (OTCBB:CCMO), the parent company of Clear Channel Communications, Inc., is a global media and entertainment company specializing in mobile and on-demand entertainment and information services for local communities and premiere opportunities for advertisers. Based in San Antonio, Texas, the company's businesses include radio and outdoor displays. More information is available at [ www.clearchannel.com ].

About Clear Channel Radio

Clear Channel Radio is a leading radio company focused on serving local communities across the U.S. with an audience of more than 110 million listeners choosing Clear Channel Radio programming each week. The company's content can be heard on AM/FM stations, HD digital radio channels, on the Internet, at iheartradio.com and on the iheartradio mobile application on iPods and smart phones, and used via navigation systems from TomTom, Garmin and others. The company's operations include radio broadcasting, syndication and independent media representation. Clear Channel Radio is a division of Clear Channel Communications, Inc. (OTCBB:CCMO), a leading global media and entertainment company. More information on the company can be found at [ www.clearchannel.com ].

Forward Looking Statements

Certain statements in this release constitute aforward-looking statementsa 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 our actual results, performance or achievements 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 our reports filed with the Securities and Exchange Commission. We do not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.