EXHIBIT 99.1

EXHIBIT 99.1

Clear Channel Outdoor Reports Fourth Quarter and Full Year 2006 Results

SAN ANTONIO, Texas--(BUSINESS WIRE)--Feb. 23, 2007--Clear Channel
Outdoor Holdings, Inc. (NYSE:CCO) today reported results for its
fourth quarter and year ended December 31, 2006.

Fourth Quarter 2006 Results

The Company reported revenues of $830.7 million in the fourth
quarter of 2006, a 13% increase over the $734.6 million reported for
the fourth quarter of 2005. Included in the Company's revenue is a
$32.4 million increase due to movements in foreign exchange; strictly
excluding the effects of these movements in foreign exchange, revenue
growth would have been 9%. See reconciliation of revenue excluding
effects of foreign exchange to revenue at the end of this press
release.

Clear Channel Outdoor's expenses increased 13% to $546.4 million
during the fourth quarter of 2006 compared to 2005. Included in the
Company's expenses is a $27.7 million increase due to movements in
foreign exchange; strictly excluding the effects of these movements in
foreign exchange, expense growth would have been 7%. Also included in
the Company's 2006 expenses is approximately $1.5 million of non-cash
compensation expense and a $9.8 million reduction as a result of the
favorable settlement of a legal proceeding.

Clear Channel Outdoor's net income and diluted earnings per share
were $65.1 million and $0.18, respectively, during the fourth quarter
of 2006. This compares to net income of $40.4 million or $0.12 per
diluted share in the fourth quarter of 2005.

The Company's OIBDAN (defined as Operating Income before
Depreciation & amortization, Non-cash compensation expense and Gain
(loss) on disposition of assets - net) was $264.1 million in the
fourth quarter of 2006, a 16% increase from the fourth quarter of
2005. See reconciliation of OIBDAN to net income at the end of this
press release.

Full Year 2006 Results

For the full year, Clear Channel Outdoor reported revenues of $2.9
billion, an increase of 9% when compared to revenues of $2.7 billion
for the same period in 2005. The Company's expenses increased 6% to
$2.0 billion during the year compared to 2005. Included in the
Company's expenses is approximately $6.0 million of non-cash
compensation expense. During 2005, the Company restructured its
business in France and recorded approximately $26.6 million in
restructuring charges.

The Company's net income was $153.1 million or $0.43 per diluted
share for 2006. This compares to net income of $61.6 million or $0.19
per diluted share in 2005. The Company's 2006 net income included
approximately $13.2 million of pre-tax gains, $0.02 per diluted share
after-tax, on the swap of certain assets. Excluding these gains, Clear
Channel Outdoor's 2006 net income would have been $145.4 million or
$0.41 per diluted share. See reconciliation of net income and diluted
earnings per share at the end of this press release.

Revenue, Direct Operating and SG&A Expenses, and OIBDAN by
Division



(In thousands) Three Months Ended % Year Ended %
December 31, Change December 31, Change
------------------ ----------------------
2006 2005 2006 2005
------------------ ----------------------
Revenue
- -----------------
Americas $375,623 $329,733 14%$1,341,356 $1,216,382 10%
International 455,072 404,874 12% 1,556,365 1,449,696 7%
------------------ ----------------------
Consolidated
revenue $830,695 $734,607 13%$2,897,721 $2,666,078 9%
================== ======================

Direct Operating and SG&A Expenses
by Division
- ------------------------------------
Americas $208,444 $181,086 $ 741,691 $ 677,268
Less: Non-cash
compensation
expense (1,139) (293) (4,699) (693)
------------------ ----------------------
207,305 180,793 15% 736,992 676,575 9%

International 337,946 304,492 1,260,145 1,206,833
Less: Non-cash
compensation
expense (318) (41) (1,312) (153)
------------------ ----------------------
337,628 304,451 11% 1,258,833 1,206,680 4%

Plus: Non-cash
compensation
expense 1,457 334 6,011 846
------------------ ----------------------
Consolidated
divisional
operating
expenses $546,390 $485,578 13%$2,001,836 $1,884,101 6%
================== ======================


The Company's 2006 revenue and direct operating and SG&A expenses
increased approximately $32.4 million and $27.7 million, respectively,
from foreign exchange movements during the fourth quarter and $17.4
million and $14.6 million, respectively, from foreign exchange
movements during the year as compared to the same periods of 2005.



OIBDAN
- ----------------------
Americas $ 168,318 $148,940 13% $604,364 $539,807 12%
International 117,444 100,423 17% 297,532 243,016 22%
Corporate (21,691) (21,699) (65,454) (61,096)
----------------------- -------------------
Consolidated OIBDAN $ 264,071 $227,664 16% $836,442 $721,727 16%
======================= ===================


See reconciliation of OIBDAN to net income at the end of this
press release.

Americas

The Company's Americas revenue increased $125.0 million or 10%
during 2006 as compared to 2005 from revenue growth across the
Company's inventory. The Americas segment experienced rate increases
on most of its inventory while occupancy remained essentially
unchanged during 2006 as compared to 2005. Airport revenue increased
in 2006 as compared to 2005 primarily related to $30.2 million from
the acquisition of Interspace Airport Advertising ("Interspace") in
July 2006. Revenue growth occurred across both large and small markets
such as Miami, San Antonio, Sacramento, Albuquerque and Des Moines.

Direct operating and SG&A expenses increased $64.4 million in 2006
as compared to 2005 primarily from an increase in site lease expenses
of approximately $30.2 million as well as $4.7 million related to the
adoption of FAS 123R. Interspace contributed $19.2 million to direct
operating and SG&A expenses in 2006. In addition, bonus and commission
expenses increased $7.6 million related to the increase in revenue.

International

The Company's International revenue increased $106.7 million or 7%
in 2006 as compared to 2005. The increase includes approximately $44.9
million during the first six months of 2006 related to Clear Media,
which the Company began consolidating in July 2005. Also contributing
to the increase was approximately $25.9 million from growth in street
furniture revenues and $11.9 million related to movements in foreign
exchange, partially offset by a decline in billboard revenues for 2006
as compared to 2005.

Direct operating and SG&A expenses increased $53.3 million during
2006 as compared to 2005. The increase was primarily attributable to
$27.5 million during the first six months of 2006 related to the
consolidation of Clear Media as well as an increase in site lease
expenses of approximately $37.7 million and approximately $10.6
million related to movements in foreign exchange. Also included in the
increase was $1.3 million related to the adoption of FAS 123R.
Partially offsetting the increase was a $9.8 million reduction
recorded in 2006 as the result of a favorable settlement of a legal
proceeding. As well, $26.6 million related to restructuring the
Company's businesses in France was recorded in the third quarter of
2005.

Digital Conversion

During 2006 the Company installed 43 new digital displays in six
markets. The Company is currently planning to deploy over 100 digital
displays in approximately twenty markets in 2007.

FAS No. 123 R: Share-Based Payment ("FAS 123R")

The Company adopted FAS 123R on January 1, 2006 under the
modified-prospective approach which requires it to recognize employee
compensation cost related to its stock option grants in the 2006
financial statements for all options granted after the date of
adoption as well as for any options that were granted prior to
adoption but not vested. Under the modified-prospective approach, no
stock option expense is reflected in the financial statements for 2005
attributable to these options. Non-cash compensation expense
recognized in the financial statements during 2005 relate to the
expense associated with restricted stock awards. The following table
details non-cash compensation expense for the 2006 and 2005:



(In thousands) Three Months Year Ended
Ended December 31,
December 31,
----------------- -----------------
2006 2005(a) 2006 2005(a)
----------------- -----------------
Direct operating expense $1,049 $ 334 $4,328 $ 846
SG&A 408 -- 1,683 --
Corporate 21 -- 88 --
----------------- -----------------
Total non-cash compensation $1,478 $ 334 $6,099 $ 846
================= =================


(a) Actual non-cash compensation expense recognized in the 2005
financial statements.

The Company will not be hosting a Conference Call or Webcast

As a result of the Clear Channel Communications, Inc. proposed
merger transaction that was announced on November 16, 2006, the
Company will not be hosting a teleconference or webcast to discuss
results.

First Quarter and 2007 Outlook

Due to the proposed merger transaction of Clear Channel
Communications, Inc. and the Company not hosting a teleconference to
discuss financial and operating results, the Company is providing the
following information regarding its expectations and current
information related to 2007 operating results.

Pacing information presented below reflects revenues booked at a
specific date versus the comparable date in the prior period and may
or may not reflect the actual revenue growth at the end of the period.
The Company's revenue pacing information includes an adjustment to
prior periods to include all acquisitions and exclude all divestitures
in both periods presented for comparative purposes. All pacing metrics
exclude the effects of foreign exchange movements. The Company's
operating expense forecasts are on a reportable basis excluding
non-cash compensation expense, i.e. there is not an adjustment for
acquisitions, divestitures or the effects of foreign exchange
movements.

As of February 22, 2007, the Company's revenues are pacing up 5.8%
with the Americas above and International below the 5.8% pacing for
the first quarter 2007 as compared to the first quarter of 2006. For
the full year 2007 versus the full year 2006, the Company's revenues
are pacing up 6.6% with the Americas above and International below the
full-year pacing of 6.6%.

For the full year 2007 as compared to the full year 2006, current
Company forecasts show high single-digit to low double-digit growth in
total operating expenses for the Company. Excluding the effects of
movements in foreign exchange, which management currently forecasts at
a $60 to $65 million increase for the full year 2007 and excluding
management's forecast of Interspace's (acquired by the Company on July
1, 2006) operating expenses of $18 to $20 million for the first six
months of 2007, operating expense growth is currently forecasted to be
in the mid single-digits for 2007 as compared to 2006.

For the consolidated company, current management forecasts show
corporate expenses of $60 to $65 million for the full year 2007.
Non-cash compensation expense (i.e. FAS No. 123 R: share-based
payments) are currently projected to be in the range of $5 million to
$8 million for the full year of 2007.

The Company currently forecasts overall capital expenditures for
2007 of $225 to $250 million, excluding any capital expenditures
associated with any new contract wins the Company may have during
2007.

Income tax expense as a percent of 'Income before income taxes and
minority interest' is currently projected to be approximately 41%.
Current income tax expense as a percent of 'Income before income taxes
and minority interest' is currently expected to be 30% to 35%.

TABLE 1 - Financial Highlights of Clear Channel Outdoor Holdings,
Inc. and Subsidiaries - Unaudited



(In thousands, Three Months Ended Year Ended
except per December 31, December 31,
share data) % %
------------------- ----------------------
2006 2005 Change 2006 2005 Change
------------------------------------------------------
Revenue $830,695 $734,607 13% $2,897,721 $2,666,078 9%
Direct operating
expenses 399,257 353,859 1,453,100 1,342,307
Selling, general
and
administrative
expenses 147,133 131,719 548,736 541,794
Corporate
expenses 21,712 21,699 65,542 61,096
Depreciation and
amortization 108,460 110,406 407,730 400,639
Gain (loss) on
disposition of
assets - net 1,239 574 22,846 3,488
--------- --------- ----------- ----------
Operating Income 155,372 117,498 32% 445,459 323,730 38%

Interest expense 37,238 55,387 162,583 198,354
Equity in
earnings of
nonconsolidated
affiliates 1,838 (64) 7,460 9,844
Other income
(expense) - net (1,336) (2,572) 331 (12,291)
--------- --------- ----------- ----------
Income before
income taxes
and minority
interest 118,636 59,475 290,667 122,929
Income tax
benefit
(expense):
Current (53,975) (13,406) (82,553) (51,173)
Deferred 8,448 (334) (39,527) 5,689
--------- --------- ----------- ----------
Income tax
benefit
(expense) (45,527) (13,740) (122,080) (45,484)
Minority
interest income
(expense), net
of tax (8,050) (5,324) (15,515) (15,872)
--------- --------- ----------- ----------

Net income $ 65,059 $ 40,411 $ 153,072 $ 61,573
========= ========= =========== ==========

Diluted net
earnings per
share (a) $ .18 $ .12 50% $ .43 $ .18 139%
========= ========= =========== ==========

Weighted average
shares
outstanding -
Diluted (a) 354,715 350,081 352,262 350,081


(a) Diluted per share amount for 2005 is calculated on a pro forma
basis assuming the initial public offering of 10% of the Company's
stock occurred on January 1, 2005. Diluted net earnings per share for
2005 based on actual weighted average shares outstanding of 319,921,
was $0.19 per diluted share.

TABLE 2 - Selected Balance Sheet Information - Unaudited

Selected balance sheet information for 2006 and 2005 was:



(In millions) December 31, December 31,
2006 2005
------------ ------------

Cash $ 105.4 $ 108.6
Due from Clear Channel Communications $ -- $ 0.1
Total Current Assets $1,189.9 $1,050.2
Net Property, Plant and Equipment $2,191.8 $2,153.4
Total Assets $5,421.9 $4,918.3

Due to Clear Channel Communications $ 4.2 $ --
Current Liabilities (excluding current
portion of long-term debt) $ 755.2 $ 653.0
Long-Term Debt (including current portion of
long-term debt) $ 184.2 $ 227.8
Debt with Clear Channel Communications $2,500.0 $2,500.0
Shareholders' Equity $1,586.4 $1,209.4


TABLE 3 - Capital Expenditures - Unaudited

Capital expenditures for the full year of 2006 and 2005 were:



(In millions) December 31, December 31,
2006 2005
------------ ------------

Non-revenue producing $ 80.0 $ 78.1
Revenue producing 153.9 130.1
------------ ------------
Total capital expenditures $ 233.9 $208.2
============ ============


The Company defines non-revenue producing capital expenditures as
those expenditures that are required on a recurring basis. Revenue
producing capital expenditures are discretionary capital investments
for new revenue streams, similar to an acquisition.

TABLE 4 - Total Debt - Unaudited

At December 31, 2006, Clear Channel Outdoor had total debt of:



(In millions) December 31, 2006
------------------

Bank Credit Facility $ 23.5
Debt with Clear Channel Communications 2,500.0
Other Debt 160.7
Due to Clear Channel Communications 4.2
------------------
Total 2,688.4
Cash 105.4
------------------
Net Debt $2,583.0
==================


Liquidity and Financial Position

For the year ended December 31, 2006, cash flow from operating
activities was $538.5 million, cash flow used by investing activities
was $489.0 million, cash flow used by financing activities was $53.2
million, and the effect of exchange rate changes on cash was $0.4
million for a net decrease in cash of $3.3 million.

Leverage, defined as total debt including the payable to Clear
Channel Communications, net of cash, divided by the trailing 12-month
OIBDAN, was 3.1x at December 31, 2006.

Supplemental Disclosure Regarding Non-GAAP Financial Information

Operating Income before Depreciation and Amortization (D&A),
Non-cash Compensation Expense and Gain (Loss) on Disposition of Assets
- - Net (OIBDAN)

The following tables set forth Clear Channel Outdoor's OIBDAN for
the three months and years ended December 31, 2006 and 2005. The
Company defines OIBDAN as net income adjusted to exclude non-cash
compensation expense and the following line items presented in its
Statement of Operations: Minority interest, net of tax; Income tax
benefit (expense); Other income (expense) - net; Equity in earnings of
nonconsolidated affiliates; Interest expense; Gain (loss) on
disposition of assets - net; and, D&A.

The Company uses OIBDAN, among other things, to evaluate the
Company's operating performance. This measure is among the primary
measures used by management for planning and forecasting of future
periods, as well as for measuring performance for compensation of
executives and other members of management. This measure is an
important indicator of the Company's operational strength and
performance of its business because it provides a link between
profitability and cash flows from operating activities. It is also a
primary measure used by management in evaluating companies as
potential acquisition targets.

The Company believes the presentation of this measure is relevant
and useful for investors because it allows investors to view
performance in a manner similar to the method used by the Company's
management. It helps improve investors' ability to understand the
Company's operating performance and makes it easier to compare the
Company's results with other companies that have different capital
structures, stock option structures or tax rates. In addition, this
measure is also among the primary measures used externally by the
Company's investors, analysts and peers in its industry for purposes
of valuation and comparing the operating performance of the Company to
other companies in its industry.

Since OIBDAN is not a measure calculated in accordance with GAAP,
it should not be considered in isolation of, or as a substitute for,
net income as an indicator of operating performance and may not be
comparable to similarly titled measures employed by other companies.
OIBDAN is not necessarily a measure of the Company's ability to fund
its cash needs. As it excludes certain financial information compared
with operating income and net income (loss), the most directly
comparable GAAP financial measures, users of this financial
information should consider the types of events and transactions,
which are excluded.

In addition, because a significant portion of the Company's
advertising operations are conducted in foreign markets, principally
France and the United Kingdom, management reviews the operating
results from its foreign operations on a constant dollar basis. A
constant dollar basis (i.e. a foreign currency adjustment is made to
the 2006 actual foreign revenues and expenses at average 2005 foreign
exchange rates) allows for comparison of operations independent of
foreign exchange movements.

As required by the SEC, the Company provides reconciliations below
of, including (i) OIBDAN for each segment to consolidated operating
income; (ii) Revenue excluding foreign exchange effects to revenue;
(iii) Expense excluding foreign exchange effects to expense; (vi)
OIBDAN to net income, the most directly comparable amounts reported
under GAAP and (v) Net income and diluted earnings per share excluding
certain items discussed earlier.



Gain (loss)
Non- on
Operating cash Depreciation disposition
(In income compensation and of assets -
thousands) (loss) expense amortization net OIBDAN
--------------------------------------------------------

Three Months Ended December 31, 2006
- ------------------------------------
Americas $117,591 $ 1,139 $ 49,588 $ -- $168,318
International 58,254 318 58,872 -- 117,444
Corporate (21,712) 21 -- -- (21,691)
Gain (loss)
on
disposition
of assets -
net 1,239 -- -- (1,239) --
--------------------------------------------------------
Consolidated $155,372 $ 1,478 $ 108,460 $ (1,239)$264,071
========================================================

Three Months Ended December 31, 2005
- ------------------------------------
Americas $ 95,107 $ 293 $ 53,540 $ -- $148,940
International 43,516 41 56,866 -- 100,423
Corporate (21,699) -- -- -- (21,699)
Gain (loss)
on
disposition
of assets -
net 574 -- -- (574) --
--------------------------------------------------------
Consolidated $117,498 $ 334 $ 110,406 $ (574)$227,664
===================================------------=========

Year Ended December 31, 2006
- ------------------------------------
Americas $420,695 $ 4,699 $ 178,970 $ -- $604,364
International 67,460 1,312 228,760 -- 297,532
Corporate (65,542) 88 -- -- (65,454)
Gain (loss)
on
disposition
of assets -
net 22,846 -- -- (22,846) --
--------------------------------------------------------
Consolidated $445,459 $ 6,099 $ 407,730 $ (22,846)$836,442
========================================================

Year Ended December 31, 2005
- ------------------------------------
Americas $358,555 $ 693 $ 180,559 $ -- $539,807
International 22,783 153 220,080 -- 243,016
Corporate (61,096) -- -- -- (61,096)
Gain (loss)
on
disposition
of assets -
net 3,488 -- -- (3,488) --
--------------------------------------------------------
Consolidated $323,730 $ 846 $ 400,639 $ (3,488)$721,727
===================================------------=========


Reconciliation of Revenue excluding Foreign Exchange Effects to
Revenue



(In thousands)Three Months Ended % Year Ended %
December 31, Change December 31, Change
------------------ -----------------------
2006 2005 2006 2005
--------- -------- ------------ ----------

Revenue $830,695 $734,607 13% $2,897,721 $2,666,078 9%
Less: Foreign
exchange
increase (32,365) -- (17,423) --
--------- -------- ------------ ----------
Revenue
excluding
effects of
foreign
exchange $798,330 $734,607 9% $2,880,298 $2,666,078 8%
========= ======== ============ ==========

International
revenue $455,072 $404,874 12% $1,556,365 $1,449,696 7%
Less: Foreign
exchange
increase (30,560) -- (11,902) --
--------- -------- ------------ ----------
International
revenue
excluding
effects of
foreign
exchange $424,512 $404,874 5% $1,544,463 $1,449,696 7%
========= ======== ============ ==========


Reconciliation of Expense excluding Foreign Exchange Effects to
Expense



(In thousands)Three Months Ended % Year Ended %
December 31, Change December 31, Change
------------------ -----------------------
2006 2005 2006 2005
--------- -------- ------------ ----------

Expense $546,390 $485,578 13% $2,001,836 $1,884,101 6%
Less: Foreign
exchange
increase (27,729) -- (14,559) --
--------- -------- -----------------------
Expense
excluding
effects of
foreign
exchange $518,661 $485,578 7% $1,987,277 $1,884,101 5%
========= ======== =======================

International
expense $337,946 $304,492 11% $1,260,145 $1,206,833 4%
Less: Foreign
exchange
increase (26,362) -- (10,551) --
--------- -------- -----------------------
International
expense
excluding
effects of
foreign
exchange $311,584 $304,492 2% $1,249,594 $1,206,833 4%
========= ======== =======================


Outdoor OIBDAN excluding Foreign Exchange Effects to OIBDAN



(In thousands) Three Months Ended % Year Ended %
December 31, Change December 31, Change
------------------ -------------------
2006 2005 2006 2005
--------- -------- ---------- --------

OIBDAN $264,071 $227,664 16% $836,442 $721,727 16%
Less: Foreign
exchange increase (4,636) -- (2,864) --
--------- -------- ---------- --------
OIBDAN excluding
effects of
foreign exchange $259,435 $227,664 14% $833,578 $721,727 15%
========= ======== ========== ========


Reconciliation of OIBDAN to Net income



(In thousands) Three Months Ended % Year Ended %
December 31, Change December 31, Change
------------------ --------------------
2006 2005 2006 2005
--------- -------- ----------- --------

OIBDAN $264,071 $227,664 16% $ 836,442 $721,727 16%
Non-cash
compensation
expense 1,478 334 6,099 846
Depreciation &
amortization 108,460 110,406 407,730 400,639
Gain on
disposition of
assets - net 1,239 574 22,846 3,488
--------- -------- ----------- --------
Operating Income 155,372 117,498 32% 445,459 323,730 38%

Interest expense 37,238 55,387 162,583 198,354
Equity in earnings
of
nonconsolidated
affiliates 1,838 (64) 7,460 9,844
Other income
(expense) - net (1,336) (2,572) 331 (12,291)
--------- -------- ----------- --------
Income before
income taxes,
minority interest
and cumulative
effect of a
change in
accounting
principle 118,636 59,475 290,667 122,929
Income tax
(expense)
benefit:
Current (53,975) (13,406) (82,553) (51,173)
Deferred 8,448 (334) (39,527) 5,689
--------- -------- ----------- --------
Income tax
(expense) benefit (45,527) (13,740) (122,080) (45,484)
Minority interest
income (expense) (8,050) (5,324) (15,515) (15,872)
--------- -------- ----------- --------

Net income $ 65,059 $ 40,411 $ 153,072 $ 61,573
========= ======== =========== ========


Reconciliation of Net Income and Diluted Earnings per Share
("EPS")



(In millions, except Year Ended Year Ended
per share data) December 31, 2006 December 31, 2005
---------------------- -------------------------
Net EPS Net Income EPS
Income
------- -------------- ----------------- -------
Reported Amounts $153.1 $ 0.43 $ 61.6 $ 0.19
Less: Pro forma share
effects of IPO - - - (0.01)
Less: Gain on
disposition of asset (13.2) (0.04) - -
Current and deferred
tax effects 5.5 0.02 - -
------- -------------- ----------------- -------
Amounts excluding
certain items $145.4 $ 0.41 $ 61.6 $ 0.18
======= ============== ================= =======


About Clear Channel Outdoor Holdings

Clear Channel Outdoor, headquartered in San Antonio, Texas, is a
global leader in the outdoor advertising industry providing clients
with advertising opportunities through billboards, street furniture
displays, transit displays, and other out-of-home advertising
displays.

Certain statements in this document 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 Clear Channel Outdoor
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
The words or phrases "guidance," "believe," "expect," "anticipate,"
"estimates" and "forecast" and similar words or expressions are
intended to identify such forward-looking statements. In addition, any
statements that refer to expectations or other characterizations of
future events or circumstances are forward-looking statements.

Various risks that could cause future results to differ from those
expressed by the forward-looking statements included in this document
include, but are not limited to: changes in business, political and
economic conditions in the U.S. and in other countries in which Clear
Channel Outdoor currently does business (both general and relative to
the advertising industry); fluctuations in interest rates; changes in
operating performance; shifts in population and other demographics;
changes in the level of competition for advertising dollars;
fluctuations in operating costs; technological changes and
innovations; changes in labor conditions; changes in governmental
regulations and policies and actions of regulatory bodies;
fluctuations in exchange rates and currency values; changes in tax
rates; and changes in capital expenditure requirements and access to
capital markets. Other unknown or unpredictable factors also could
have material adverse effects on Clear Channel Outdoor's future
results, performance or achievements. In light of these risks,
uncertainties, assumptions and factors, the forward-looking events
discussed in this document may not occur. You are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date stated, or if no date is stated, as of the date of
this document. Other key risks are described in Clear Channel
Outdoor's reports and other documents filed with the U.S. Securities
and Exchange Commission, including in the section entitled "Item 1A.
Risk Factors" of the Company's Annual Report filed on Form 10-K for
the year ended December 31, 2005. Except as otherwise stated in this
document, Clear Channel Outdoor does not undertake any obligation to
publicly update or revise any forward-looking statements because of
new information, future events or otherwise.

CONTACT: Clear Channel Outdoor Holdings, Inc.
Investors
Randy Palmer, 210-832-3315
Senior Vice President of Investor Relations
or
Media
Lisa Dollinger, 210-832-3474
Chief Communications Officer
www.clearchanneloutdoor.com.