Clear Channel Taxi Top Advertising Launches in Chicago

CHICAGO--June 1, 2006--Clear Channel Outdoor :

-- Advertisers Given 24/7 Exposure on Over 2,300 Taxis Across Chicago

-- City Offers First of its Kind Door Wrap Panel Advertising

-- Curbs Fare Hikes for Riders While Offering New Platforms for Advertisers

Clear Channel Taxi Media, a division of Clear Channel Outdoor , today announced the launch of taxi top advertising in the city of Chicago. Over 2,300 taxis in the Chicago area will be outfitted with taxi top advertising displays with the first displays hitting the streets of Chicago as of 12:01 a.m. CDT.

Clear Channel Taxi Media offers an alternative out-of-home platform that reaches the daily consumer on the go in the hard-to-reach core center city and airport corridors. Chicago is the latest market to join the growing taxi top advertising initiative which gives advertisers the advantage of having their message delivered to consumers 24 hours a day, 7 days week. Advertisers who have already signed on include All State, McDonald's, Washington Mutual, Chicago Job's and TCF Bank, among many others.

"More and more people are traveling in taxis on the freeways, through downtown areas and airports and Clear Channel Taxi is present in all of these areas," said Bill Kurr, President of Clear Channel Taxi Media. "We have developed a way for advertisers to get their message through to consumers and brought it to Chicago, one of the busiest markets in the country."

In addition to rooftop advertising displays, the city of Chicago also has permitted door panel wrap advertising, the first of its kind in the United States. Advertisers include WNUA-FM, a Chicago radio station, Shedd Aquarium and Union Whiskey.

Not only will taxi top advertising benefit advertisers, but riders will also be reaping the rewards. Cab companies' ability to sell advertising space allows for fewer rate increases and stabilizes lease rates.

Clear Channel Taxi Media operates in 25 markets throughout the United States including New York City, Los Angeles, Miami, Boston, Philadelphia and Washington, DC. With over 20,000 taxis under contract, Clear Channel Taxi Media is the largest taxi advertising operator in the United States.

About Clear Channel Outdoor

Clear Channel Outdoor is the world's largest outdoor advertising company with over 870,000 displays in more than 50 countries across 6 continents. In the United States, the company operates over 144,000 advertising displays and has a presence in 45 of the top 50 Designated Market Areas. It also operates airport, rail, taxi and mall advertising businesses worldwide. Its Spectacolor (U.S.) and DEFI (international) divisions are the global market leaders in spectacular sign displays, including in New York's Times Square. Adshel(TM) is the company's international street furniture division, which operates more than 3,500 municipal advertising contracts worldwide. More information may be found by visiting www.clearchanneloutdoor.com.