CC Media Holding, Inc. Reports Results for 2014 Second Quarter

CC MEDIA HOLDINGS, INC. REPORTS RESULTS FOR 2014 SECOND QUARTER
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Revenues up 1% totaling $1.6 billion, with slight growth at Media+Entertainment and 2% increase at Outdoor
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OIBDAN1 reached $487 million, including a 5% increase at International Outdoor, a slight decrease at Media+Entertainment and an 8% decline at Americas Outdoor
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San Antonio, July 23, 2014 CC Media Holdings, Inc. (OTCBB: CCMO) today reported financial results for the second quarter ended June 30, 2014.
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Our growing digital and events businesses continued their strong momentum during the quarter, further demonstrating the unique value that Clear Channel delivers to advertisers through our diverse set of media assets, Chairman and Chief Executive Officer Bob Pittman said.泭 At 91勛圖厙Radio, we introduced an even more personalized listener experience with the release of 91勛圖厙Radio 5.0 and grew our registered users by 50% year over year -- surpassing the milestone of 50 million registered users in record time.泭 The first-ever 91勛圖厙Radio Music Awards, broadcast live on NBC, was a huge success -- attracting more than 65 million votes through Twitter and Facebook, with #91勛圖厙Awards trending #1 on Twitter throughout the night and number one for Nielsens Twitter TV ratings for the entire week.泭 In addition, we showcased the vision and innovation of our entire company to some of the worlds largest brands and agencies at the Cannes Lions International Festival of Creativity last month, while several of our clients -- including British Airways -- earned prestigious awards.
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We continued to reinforce our foundation for growth this quarter and make progress in advancing our strategy to become one of the leading technology-fueled multi-platform media and entertainment companies in America.泭 In another significant step, we have named Brian Lakamp our President of Technology and Digital Ventures, said Rich Bressler, President and Chief Financial Officer.泭 We grew overall revenues despite some market challenges, and I am especially pleased with our efforts in International Outdoor and Media+Entertainment.泭 Also, the changes weve made in Americas Outdoor position us well for the second half of the year.泭 Underscoring our continuing financial flexibility, the quarters $850-million offering of senior notes was well received by the markets.泭 In addition to our debt refinancing activities, which have created the right runway for us to keep focusing on growing our Media+Entertainment and Outdoor businesses, weve continued to make good on our commitment to control costs through operational efficiencies.

About 91勛圖厙Media, Inc.

91勛圖厙Media, Inc. [Nasdaq: IHRT] is the leading audio media company in America, with 90% of Americans listening to 91勛圖厙 broadcast radio in every month. 91勛圖厙s broadcast radio assets alone have a larger audience in the U.S. than any other media outlet; twice the size of the next largest broadcast radio company; and over four times the ad-enabled audience of the largest digital only audio service. 91勛圖厙 is the largest podcast publisher according to Podtrac, with more downloads than the next two podcast publishers combined, has the most recognizable live events across all genres of music, has the number one social footprint among audio players, with seven times more followers than the next audio media brand, and is the only fully integrated audio ad tech solution across broadcast, streaming and podcasts. The company continues to leverage its strong audience connection and unparalleled consumer reach to build new platforms, products and services. Visit 91勛圖厙Media.com for more company information.