Clear Channel Spectacolor Rolls Out the Red Carpet for TNT and TBS

17^th Annual Screen Actors Guild Awards(R) Pre-Show Webcast to Run in Times Square on SpectacolorHD Digital Billboard for First Time Ever

NEW YORK--(BUSINESS WIRE)-- Clear Channel Spectacolor:

        Clear Channel Spectacolor, the U.S. market leader in spectacular sign
WHO:    displays and a division of the world's largest outdoor advertising
        company, Clear Channel Outdoor (NYSE: CCO) and Turner Broadcasting
        System Inc.'s TNT and TBS.

WHAT:   Before the Actor(R) statuettes are awarded and before the acceptance
        speeches are uttered, there is the red carpet pre-show.

        TNT, TBSand PEOPLE Magazineare teaming up to present a special live,
        pre-show webcast that will put viewers in the middle of the red carpet
        glitz and glamour of the 17thAnnual Screen Actors Guild Awards(R). The
        pre-show will include the announcement of who will receive this year's
        Screen Actors Guild Honors for Outstanding Performances by Film and
        Television Stunt Ensembles by SAG Awards Committee Chair JoBeth Williams
        ("Private Practice") and Screen Actors Guild President Ken Howard. The
        pre-show will stream live on tnt.tv and tbs.com and, for the first time,
        will also run live on Clear Channel's SpectacolorHD digital billboard,
        located in the heart of Times Square.

        Clear Channel Spectacolor's powerful out-of-home (OOH) platform is sure
WHY:    to enthral and entertain the more than 500,000 people daily who have
        access to the Company's billboard.

        Clear Channel Spectacolor is one of the leading OOH players in the Times
        Square corridor. Its most innovative property is its SpectacolorHD
        board, with its unrivalled image quality and interactive capabilities.
        The billboard carries a news, sports and weather crawl in the bottom
        third of the space from CNN, the world's most respected and trusted
        sources for news and information. CNN is a TNT and TBS sister network.

WHEN:   Sunday, January 30th, between 6 p.m. and 8 p.m. (ET)

        Set in the "Crossroads of the World," the SpectacolorHD board is
WHERE:  situated at 47th Street and Broadway, across from Father Duffy Square
        and the striking TKTS Booth with its ruby-red glass staircase.

    Source: Clear Channel Outdoor

Released January 29, 2011