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Clear Channel Radio and BLACK ENTERPRISE Magazine Announce On-Air Partnership

Posted on: Tuesday, 12 July 2005, 06:00 CDT

Clear Channel Communications, Inc. (NYSE:CCU)

-- Companies to Produce and Air Personal Finance/Lifestyle Report on Clear Channel Radio Stations Beginning August 15, 2005

Clear Channel Radio and Earl G. Graves, Ltd., parent company of BLACK ENTERPRISE, today announced a strategic relationship to produce financial and lifestyle content serving the African-American business and lifestyle audience.

On August 15, BLACK ENTERPRISE magazine's "Keys to a Better Life" is expected to launch on 29 Clear Channel stations across the country -- including New York City's Power 105.1. The twice-daily report will be introduced by stars from the worlds of music, television, film and sports -- including Alicia Keys, Cedric the Entertainer and Keith Sweat -- and will provide news and information on finance, health, and home buying. Segment content will be produced and voiced by the award-winning editorial team at BLACK ENTERPRISE and by expert guests. The report is primarily targeted at urban and urban adult contemporary formats.

"For 35 Years BLACK ENTERPRISE magazine has provided a roadmap to serve the financial needs of the African-American community," said Founder and Chairman Earl G. Graves Sr. "Clear Channel Radio, being a national leader in the development of quality urban programming, serves as the perfect broadcast partner to distribute our message of financial empowerment, health, and prosperity to audiences across the country."

"Clear Channel Radio is committed to providing the highest-quality content to our listeners and Web viewers -- this relationship significantly enhances our service to the African-American community," said John Hogan, president and CEO of Clear Channel Radio.

BLACK ENTERPRISE magazine's "Keys to a Better Life" report will air Monday through Saturday during the morning and evening commutes. Log on to www.blackenterprise.com for updates on stations carrying the report.

About BLACK ENTERPRISE

BLACK ENTERPRISE magazine, your ultimate guide to financial empowerment, is the premier business and investment resource for African Americans. Since 1970, BLACK ENTERPRISE magazine has provided essential business information and advice to professionals, corporate executives, entrepreneurs and decision makers. Monthly, the publication provides 3.8 million readers with information on entrepreneurship, careers, and financial management. As the definitive source of information for and about African-American business markets and its leaders, BLACK ENTERPRISE is the authority for business news and trends. The magazine is owned by Earl G. Graves, Ltd.

About Clear Channel Radio

Clear Channel Radio is a leading radio company focused on serving local communities across the U.S. with more than 110 million listeners choosing Clear Channel Radio programming each week. The company's operations include radio broadcasting, syndication and independent media representation. Clear Channel Radio is a division of Clear Channel Communications, Inc. (NYSE:CCU), a leading global media and entertainment company. More information on the company can be found at www.clearchannel.com.

Certain statements in this release 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 the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.


Source: Business Wire

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