Clear Channel Spectacolor Launches The Times Square Sign(C)

First Iconic Sign of its Kind in New York City's Top Destination Will Become the World's Most Photographed Sign TimesSquareSign.com

Clear Channel Outdoor (NYSE: CCO):

              For all of its history, all the lights and entertainment, the
              crowds
              and the fanfare, one element is missing from Times Square's
WHAT:         eclectic landscape - an iconic sign to let the 500,000+ daily
              visitors know that they have "arrived." Clear Channel Spectacolor
              is changing all of that with the introduction of The Times Square
              Sign(C)!

WHEN:         Today!

              In the heart of Times Square at 47th Street and Broadway, the sign
WHERE:        stretches 150' tall x 12' wide and soars over 250 feet above the
              hustle and bustle of Broadway.

              Hollywood and Las Vegas have their own signs, but shockingly
WHY:          there has never been an iconic sign for Times Square, the greatest
              of all signage destinations.... until now!

              The classic double-sided "blade sign" has unparalleled viewing
              distances along Broadway from Herald Square to as far North as
              56th St. providing it with sightlines unlike any other sign
              location
BRAND         in Manhattan. The creative execution posted on the location today
SPONSORSHIP   is a teaser and serves as a placeholder. The company has a
OPPORTUNITY:  spectacular execution developed that involves incredible use of
              technology, which is being unveiled on an exclusive basis to
              advertisers interested in this flagship sponsorship opportunity to
              be
              associated with The Times Square Sign(C).

              Pedestrians and visitors in Times Square have an opportunity to
              submit a digital photo of themselves, friends or family in front
              of
AUDIENCE      the new sign to www.TimesSquareSign.com for a chance to win a
ENGAGEMENT    night out on Broadway for two! Two Grand prizes winners will be
OPPORTUNITY:  chosen and each will receive two tickets to a Broadway Show and
              dinner for two at The Hard Rock Cafe in Times Square. The first
              one hundred entrants will receive a complementary Times Square
              Sign T-Shirt. Entries will be judged on the basis of creativity,
              photographic quality, and use of The Times Square Sign(C).

              Clear Channel Spectacolor, the US market leader in spectacular
              sign displays and a division of the world's largest outdoor
              advertising company, Clear Channel Outdoor (NYSE: CCO).
              Offering innovative out-of-home marketing resources in major
              pedestrian destinations such as Times Square and The Las Vegas
              Strip, Spectacolor's inventory includes: spectacular billboards,
WHO:          time-based video screens, wallscapes, sky murals, unique ad panels
              and experiential marketing events. With locations that deliver
              significant national and international reach, Spectacolor's
              inventory covers the full range of available embellishments, as
              well as the latest technologies (LED, Bluetooth, WiFi, SMS, RSS).
              Spectacolor was established in 1976. For more information visit:
              www.clearchannelspectacolor.com.

    Source: Clear Channel Outdoor

Released May 21, 2009