KATZ MEDIA GROUP NAMES MICHAEL DENSON
VICE PRESIDENT OF NETWORK CREDIT & COLLECTIONS

New York, November 17, 2008 - Katz Media Group, Inc. today named Michael Denson as Vice President of Network Credit & Collections, responsible for overseeing credit operations and developing efficient financial relationships with the advertising community. His appointment is effective immediately.

"Michael's extensive knowledge of the media industry will allow him to work effectively with our clients and increase the company's participation and visibility in the credit community," said Robert Damon, Chief Financial Officer, Katz Media Group. "I'm confident that Michael will be a tremendous resource for our clients and our organization."

Denson joins Katz Media from Petry Media Corporation, where he served as Vice President of Credit & Collections. He spent almost 15 years with the company. Overall, Denson has 39 years of experience in the credit collection field, with 22 years dedicated to the media industry. Denson is also spearheading an industrywide project to implement electronic credit applications.

"I'm excited to join the Katz Media team and use my experience to oversee the administration of credit policy and contribute to the success of Katz and its clients," Denson said. "I have long admired the company's history of maintaining quality client relationships and I hope to continue Katz's commitment to providing outstanding client service."

Denson, a graduate of Pace University, resides in Floral Park, NY. He is the editor of the Broadcast Cable Credit Association Credit & Collection Handbook, a member of the Board of Directors for the Media Financial Management Association and serves as Chairman of the New York Media Credit Group. Denson's published articles, focusing on the credit collection and financial industries have appeared in The Financial Manager magazine, where he serves on the magazine's Editorial Advisory Committee. In addition, Denson has organized several New York Credit and Collection conferences.

About Katz Media Group, Inc.
Katz Media Group., Inc., a subsidiary of Clear Channel Communications, is the only full-service media sales and marketing firm in the United States serving multiple types of electronic media, with leading market shares in the representation of radio and television stations. Additional information about the company is available at www.katz-media.com.

Media Contact
Tiffany Winbush
Katz Media Group
(212) 424-6481
tiffany.winbush@katz-media.com

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