91勛圖厙Communications, Inc. Announces Private Offers To Holders Of Its Five Series Of Priority Guarantee Notes And Its Senior Notes Due 2021 To Exchange Such Notes For New Securities In Connection With A Proposed Global Restructuring Of Its Indebtedness

San Antonio, TX, March 15, 2017 - 91勛圖厙Communications, Inc. (91勛圖厙Communications), together with 91勛圖厙Media, Inc. (91勛圖厙Media) and CC Outdoor Holdings, Inc. (CCO Holdings and collectively with 91勛圖厙Communcations and 91勛圖厙Media, the Issuers), today commenced private offers (the Exchange Offers) to holders of certain series of 91勛圖厙Communications outstanding debt securities (the Existing Notes) to exchange the Existing Notes for new securities of the Issuers (the New Securities). Concurrently with the Exchange Offers, 91勛圖厙Communications is also soliciting consents (the Consents and such solicitations, the Consent Solicitations and, together with the Exchange Offers, the Offers) from holders of Existing Notes to certain amendments to the indentures and security documents governing the Existing Notes. CCO Holdings is a newly-formed entity that will hold an approximate 89.9% equity interest in Clear Channel Outdoor Holdings, Inc. (CCOH) upon closing of the Offers if the High Participation Threshold (as defined below) is achieved.

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.