Date: December 15, 2004

CCE CFO RESIGNS

Ed Stacey has resigned his position as chief financial officer for Clear Channel Entertainment, a position he has held for the past five years. Kathy Willard, who has served as senior vice president and chief accounting officer for the past six years will succeed Stacey as CFO. Prior to joining Clear Channel Entertainment, Willard worked at Arthur Andersen LLP, served as vice president of Finance at the Dean A. McGee Eye Institute in Oklaho...

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