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& & & & & NEW YORK --(Business Wire)--

& Clear Channel (News - Alert) today announced that Steven Cutler has been named Senior & Vice President of Business Development and Corporate Strategy, a new & position. Cutler will report to Bob Pittman, CEO of Clear Channel. & Cutler's appointment is effective immediately.&

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& Cutler, based in New York City, joins Clear Channel from Pilot Group, a & New York-based private investment firm. He will remain a member of Pilot & Group.&

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& In his new role, Cutler will work with all parts of the company to & execute key initiatives and strategies as determined by the CEO and & operating division leadership. Cutler will also play a lead role in & major strategic agreements for the company as well as its divisions as & needed.&

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& "Steven has a strong background in both business development and & strategy across a number of industries. I'm confident that his broad & background and relevant experience will be of great value as we take & Clear Channel into stronger partner relationships and new areas of & growth," said Bob Pittman, CEO of Clear Channel.&

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& Prior to his six years at Pilot Group, Cutler was an investment banker & at Bank of America Merrill Lynch, where he worked on mergers and & acquisitions and capital markets transactions for media and & consumer/retail companies. He was also an analyst at Jupiter Media & Metrix Research, focusing on helping client companies build the digital & aspects of their businesses online and on mobile patforms.&

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& Cutler received his M.B.A. from Columbia Business School and his B.A. & degree from Brown University.&

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& About CC Media Holdings, Inc.&

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& CC Media Holdings, Inc. (OTCBB: CCMO) is one of the leading global media & and entertainment companies specializing in radio, digital, out of home, & mobile and on-demand entertainment and information services for local & communities and providing premier opportunities for advertisers.&

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& Clear Channel Radio, the leading media business in America with a & greater reach in the U.S. than any radio or television company, which & serves 150 cities through 850 owned radio stations. It also includes & Clear Channel Digital, which develops and operates iHeartRadio, the & free, industry-leading digital radio product that combines access to all & of the company's live broadcast and digital-only radio stations with & user-created Custom Stations, and develops the companion digital & products for each radio station brand; Premiere Radio Networks, which & syndicates 90 radio programs and services to more than 5,000 radio & station affiliates reaching over 190 million listeners a week; Total & Traffic Network, a ground-breaking programming and technology service & delivering real-time traffic data directly to vehicles and radio & stations, in more than 100 metropolitan markets in four countries, & including the United States, Canada, Mexico, and New Zealand; and Katz & Media Group, which is the largest media representation firm in the U.S. & representing more than 2,600 radio stations and 400 television stations.&

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& Clear Channel Outdoor Holdings, Inc., one of the world's largest & outdoor advertising companies with close to one million displays in over & 40 countries across five continents, including 49 of the 50 largest & markets in the United States, offers many types of displays across its & global platform to meet the advertising needs of its customers. This & includes a growing digital platform that now offers over 750 digital & displays across 37 U.S. markets. Clear Channel International operates in & nearly 30 countries across Asia, Australia and Europe in a wide variety & of formats and operates over 3,500 municipal advertising contracts & worldwide.&

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& For more information please visit www.ccmediaholdings.com & or www.clearchannel.com.&

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