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AMERICAN MEDIA SERVICES,LLc CHARLESTON 'I f BROKERAGE &DEVELOPlv1E..'H c~~~~ : ;~~ , ,., 843.972,2200 SAN LUIS OBISPO, CA From' Today-'s News
September 26, 2006 'We Rave 1'0 Do A. Lot Of1'hings Differently' Clear Channel CEO Mark Mays said Wednesday features that the radio industry must embrace new methods Publishers' Notes of reaching listeners and populating new fonns of media with its content if it hopes to compete in the Subscribe widening world of consumer media. Subscribe To Daily Headlines "For radio to propsper, we will have to do a lot Streamline Press things differently." he said during the Dickstein Shapiro Broadcast Financing 2006 session at the Industry a&A NAB Radio show. "We need to be taking content. Radio Revenue repurposing it, and giving it to people in a format Market Profile that they want We have to be constantly evolving and changing what we're doing. and asking Calendar of Events ourselves what changes can we continue to make to Reader Feedback mak.e radio viable." The Camer CaDler' .. Mays continued, "We have two customer bases; Mo: Classilleds our advertising customers and our listening customers. We need to do a betterjob of looking at Pt Radio Ink liSIS .. how to reach those two customer bases, because SlASll So IllduslrV lillks .. there is more competition today. for listeners. We're just trying to gain entertainment space in people's minds. We need to create very TIME I Comllanv News .. innovative environments in the future." AN BOOS Business News .. Fellow panelist and Greater Media CEO Peter Smyth shared Mays' sentiments. "As evolutionary Columnists things happen, people want to get on bandwagon," he said "People in the industry needl0 tak.e chances, and not be afraid to fail. We are on the way to great renaissance in American radio." AboUt Us .. Contact Us Aside from embracing technological change, Mays says that radio must also further consolidate over the next ten years if its wants to stand toe-to-toe with other, more consolidated industries Advertise that are using their scale to gain stronger footholds.
"Look at radio versus other mediums," Mays said, noting that the cable, newspaper and television industries have all consolidated. "We are going to have to be broader." Mays even joked with Emmis Communications CEO Jeff Smulyan, another panelist, that he would have left Emmis' KZLA Los Angeles as a Country station - Emmis recently flipped the station to Rhythmic AC as "Movin' 93.9 - insisting that the scale Clear Channel has in the market would have allowed it to keep the market's sole Country outlet on the air. Under his breath and with a smile, Smulyan said, 'No you wouldn't have'."
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http://www.radioink.comIHeadlineEntry.asp?hid=135185&pt=todaysnews 9/26/2006
CI .h I ala ATTACHMENT 2
LOS ANGELES METRO RADIO MARKET REVENUE SHARE DATA In 2005, the L.A. Metro Radio Market had ...<:> <:> §I revenues of$1.080 billion.*
••••••••••••••••••••••••••••••l'Il~••j~_IIII.j~~;~1lliI115.·M#IIi.iII.=!i5Iili.··N~"ft'.~·..·l-.nn n.,IOi&..(.j~;;~tmil~-'"n'l ::::.~~~~i~·:1,·",' ..{'-;.:'i€.±.;;~~~~.:l
-~ u .., Clear ChamwI (20.6)"" Radio Qne h.6)** Salem12.2).... Lotus Kame_on {o.8).... ~ KBIG-FM KKBT-FM KXMX-AM KIRN-AM III KHHT-FM Emmj"(4.~ KKLA-FM KWPA-AM • KFI-AM KRLA·AM KWKW-AM KUS-PM KPWR-FM KFSH-FM KLAC-AM KZLA-FM 830AM.(o.ar· Taxi P'dtns CIJj)'" KMXE-AM KOST-FM ABC/Disney (5.6)"* KJLH-FM J.
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~ ~ ClearChannel (ao,a>*" Radio One (3,2)" Salem h,g)*" Lotus Ka)menson (0,6)·· ..,~ KBIG-:FM KKBT-FM KXMX-AM KIRN-AM KHHT-FM KKLA-FM KWPA-AM ~ Emmis (6,0)"· .. KFI-AM KRLA-AM KWKW-AM • KIIS-FM KPWR-FM KFSH-FM KLAC-AM KZLA-FM Radiovisa (o.V·" Taxi P'dtns Cl,41"* I
~ l§ u...., Clear Channel (ao.21"* Radio One (3.0)'.... Salem (2.1))** Lotus KalmensoD (O.7)~" KBIG-FM KKBT-FM KXMX-AM KIRN-AM i KHlIT-FM KKLA-FM KWPA-AM • KFI-AM Emmis ('L4)** KRLA-AM KWKW-AM KIIS-FM KPWR-FM KFSH-FM Radiuma (0.5)** KIAC-AM KZLA-FM TaxiP'dtn, h.g)"* KMXE-AM KOST-FM ABClDisDev<5.7)"* KXTA-AM KJLH-FM Multic:ulturaJ (0.5)·· KYSR-FM KABC-AM !l! KDIS-AM Enuavision <4.4).... KALI-AM KLYY-FM KALI-FM '"~ Infinity
(j,ear Channel £19.9)** EmmiB (7.S)** FourSquare Gospel (Q.d"" Radio Unic:a (0,8)*" KBIG-FM KPWR-FM KFSG-FM KBLA-AM KHlIT-FM KZLA-FM Taxi p'dtns h.g)*" Lotus Kalmcnson (o.6)*" KFI-AM KII8-PM ABC/Disney (5.0)" KJLH-FM KIRN-AM KABC-AM KWPA-AM KLAC-AM En1ravision (2,6)** KOSf-FM KDIS-AM KWKW-AM KLYY-PM lOtTA-AM KLOS-FM KSSE-FM S,porting News (o.ll KYSR-FM KSPN-AM KDLD (formerly KSSC-FM) KMPCAM Ipfipitv £1g.5)" Uberman (5-g) KDLE (formerIyKSSD-FM) eRN (O.3)*" KCBS-PM KBUF...FM/KnUA-FM KSYV-FM KFWB-AM KHJ-AM KV¥Y-FM KPLS-FM KLSX-FM KWIZ-FM Mt.WilsonFM (2,4)** PublieRadiQSmtions(~~*~ KNX-AM KMXN-FM KMZf-FM KUSC-FM KROQ-FM SpAnish B'est(s 4)" KSUR-AM KPCC-FM KRTH-FM KLAX-FM KCRW-FM IITWV-FM Multicultural (o.S)*" KKJZ-FM , KXOL-FM HispanicB'cstCor(9,2)- KALI-AM KCSN-FM ,• Salem (2.5)*· KALI-FM KCLU-FM KLVE-FM • KEZY-AM KAZN-AM • KRCD-FM/KRCV-FM • KKLA-FM KMNY-AM > KSCA-FM • KLTX-AM KMRB-AM > KTNQ-AM ~ KRLA-AM KYPA-AM "- Radio One (3-6)* KFSH-FM ..? KKBT-FM • " ":> Source: 'SCM Reporting Stations Jan.-Dec. 2002 for 57 Radio stations in LA. and Orange Counties. , .." "Shares based on Fall 2002. Arbitroo Los Angeles I\I\etro Ratings. Mon.-Sun.. 6A-12M. P'2+. Arbltron data used with 3 ,... permission tram the Arbilron Company ond may 001 be quoted or reproduced without wril1en permission from Arbllron. 01122/0 ":> ~ ,~ In 2001, the L.A. DMAhad radio revenues ofover ;jI $925 million.* ______'.1,.'_w__~_~~.'!w.'Jlw""'._'_H=!IlJl~~7i!!!W'(- Clear Chenoa C21.g)" ABC/Disnev (!j.9)·~ EntrayisionCt,g) ,Astor (0_2)·· ~ ~ KBIG-FM KABC-AM KCAL-AM KMXN-FM (fonnerly KIKF) ~ KHHT-FM (formerly KCMG) KDIS-AM KOLA-FM KMXN-AM (formerly KIKA) > KFI-AM KLOS-FM KSSZ-FM Sporting News (0,1)** ~ KlI8-FM KSPN-AM (formerly KRLA) KSSC-FM • KLAC-AM KSSD-FM KMPC-AM (formerly KCfD) • LibennaDJ3.al~· KOST-FM KSSE-FM SalwC2.8)·· KXTA-AM KBUE-FM!KBUA-FM KKLA·FM KYSR-FM KWJL-AM (formerly KKHJ) Mt. WjllinD PM (L~ KGGI-FM KWIZ-FM KLTX-AM KMZf-FM (formerly KKGO) KRLA-AM (formerly KIEV) KKDD-AM Emm kC6.a)·· KJAZ-AM (formerly KGIL) KFSH-}'M (formerly KXMX) • Infinity(21.0)" KPWR-FM Multicultural h,o)·· KEZY-AM KZLA-FM 3 KeRB-FM KAIJ-AM GoJdCoMt 3 • KFWB-AM Spanish 8'm(4.11 KAlJ-FM KCAQ-FM KISX-FM KAZN-AM KKBE-FM • KLAX-FM • KNX-AM KM.JR-FM (formerly KFOX) KMNY-AM KKZZ-AM KROQ-FM KRE.A KMRB-AM KOCP-FM KRTH-FM KXOL-FM (fonnerly KFSG) KRRA-AM KVNX-AM IcrWV-FM KYPA-AM KVTA·AM KFRG-FM Radio One (4,3>" > K'lweDSQD (:t,O>•• Cumulus (O.:t)" • KKBT-FM >• H-pic:I'cst Cor(9.4)- KIRN-AM KRUZ-FM We City (t,O) • KLVE-FM KWKW-AM KVEN-AM •, KRCD-FM!KRCV-FM Kl.YY-FM KWPA-AM KBBY-FM •> KSCA-FM KSYY-FM ~o Uniea (1.1)-. KHAY-FM IcrNQ-AM KVYY-FM KMGQ-FM ~ qLA-AM • KKSB-FM ) TUp P'dtna (;tea)·· > KJLH-FM • ) ) ) Source: ·BIA/SCBA estimates ,• "Shofes based on Fall 200\ ArbitJon lC15 Angeles MellO Ratings. Mon.-SUn.. 6A-12M. PI2+. Nbitron data used with • permission from 1he Arbltron Company and may not be quoted or reproduced without writ1en permission from Arbilron. 01/02
•) ATTACHMENT 3
CLEAR CHANNEL PRESS RELEASE AND STAR-TELEGRAM ARTICLE CONCERNING CLEAR CHANNEL'S SECOND QUARTER, 2006 PROFITS Clear Channel Communications Reports Second Quarter 2006 Results
San Antonio, Texas August 8. 2006••.C/ear Channel Communications, Inc. (NYSE: CCU) today reported results for its second quarter ended June 30. 2006,
The Company reported revenues of approJCimately $1.9 billion in the second quarter of 2006, an increase of 7% from the ~1. 7 billion repOlieQ for the :;econd quarter of 20015. The increase in revenues came across all operating segments led by the Comp..ny's outdoor advertising segment with 9% growth and the redio segment with 6% growth.
Clear Channel's income before discontinued operations decreased 7% to $197.5 million, as compared to $213.2 million for the same period in 2005. The Company's diluted earnings before discontinued operations per share remained at $0.39 for both periods.
The Company's Ol6DAN (defined as Operating Income before Depreciation & Amortization, NOl'l-C8sh compensation expense and Gain (loss) on disposition of assets - net) was $547.2 million in the second quarter of 2006, a 10% increase from the second quarter of 2005. See reconciliation of OIBDAN to r:elt income at the end of this press release.
·We are successfully reshaping our Company to capitalize on the changes in the global media markel,' said Mark P. Mays, Chief Executive Officer. "Through a systematic and prudent investment stralegl', we are continuing to strengthen our content resources while efficiently eJCpanding our distribution channels. As we take steps to secure our growth over the long-term, we remain committed to generating profitable growth and cash returns for our shareholders.'
·We remain very optimistic about our growth prospects In 2008,' Mays added. "Our operating momentum has continued into the current quarter. Our radio division's performance surpassed our expectations and once again far olrtpaced the industry. Our top-25 radio markets performed particularly well, generating the highest percentage growth of any of our markets. And our outdoor business continued the trend of posting consistently strong revenues and profits, with considerable gains from the fast-growing sunbelt markets in the U.S., as wetl as solid results in France, Italy and Turkey."
'Our second quarter results reflect strong growth and healthy fundamentals across our operations," added Randall Mays, President and Chief Financial OffICer. "As we continue to convert our audience gains into top line growth, we will continue to generate profrtable returns for our shareholders. Looking aheld, our sofid balance sheet and tremendous financial flexibility support our efforts to maximize the value of our assets." Revenue, Direct Operating and SG&A Expenses and OIBDAN by Division
(In thousands) Th,ee Months El'\ded % June 30, Change 2006 2005 Revenue Radio Broadcasting $ 963.523 $ 931,929 6% Outdoor Advertising 748,403 684,509 9% Other 150,235 135,792 11% Eliminations (31,514) (29.498) Consolidated revenue $1 850617 $1722732 7%
Direct operating and SG&A expenses Radio Broadcasting $ 588,310 $ 554,217 Less: Non-cash compensation expense l6,310l 562,000 554,217 5% Outdoor Advertising 493,756 460,000 Less: Non-cash compensation expense (1 ,573) - 492,186 ---460,000 7% Other 114,556 107,901 Less: Non-cash compensation expense (975) 113,583 107,901 5% Eliminations (31,514) (29,498) Plus: Non-<;ssh compensation expense 8,858 Consolidated divisional operating expenses $1.165.112 S1.09262Q 7%
OIBDAN Radio Broadcasting $ 401,523 $ 377,712 6% Outdoor Advertising 256,218 224,509 1""% Other 36,652 27,691 31% Corporate (47,159) (40957) Consolidated OIBDAN s 647,2;H $ 589156 10°4
See reconciliation of OIBOAN to net income at the end ofthis press release.
Radio Broadcasting
The Company's radio broadcasting revenues increased 6% dUring the second quarter of 2000 as compared to the secor'.d quarter of 2005 primarily from an increase in both local and national sales, driven by increases in yield and average unit rates, The number of 30 second and 15 second commercials broadcast as a percent of total minutes sold increased in the ser.ond quarter of 2006 as compared to the second quarter of 2005. The Company's top 2S markets performed well, experiencing,the highest percent revenue growth of any of its markets. Strong advertising categories during the second quarter of 2006 as compared to the second quarter of 2005 were services, automotive and retail.
The Company's radio broadcasting direct operating and SG&A expenses increased $34.1 million for the second quarter of 2006 as compared to the second quarter of 2005. This growth includes an increase in non cash compensation expense of $6.3 million as a result of adopting FAS 123(R). Also contributing to the increase were Increased costs related to programming, sales and distribution initiative•. ~p W!,. I 0l'/08J200S I CIu, Ch.n".1 2Q profit falls O'i0812~!JClIO:25 Alol
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An,tystt were tooIdn; fOr ptonl ~ 041 aena& per .haN in 1he m(,~ recent quaner. Ideas for IICC:OIdI'1g 10 • .s~ cy Tl'Ior'n&tm FiOBI1~. ~inte tiff ~,ue!'Ole1 p&~nt to '1.85 bition trom$1_"~ binlonla 'fNI ~r1ICf. beating 1116;:l14li enll'YllS' esdmalet rot $1.8 tillion,
The ~"IfVMi:seement, radio bra.dCE-ttng, potted a GperteI'It Ina.....'" ..venue, to *gl!l~.s ",81on. ~mg r~ lIll i.1,200 ~.tIor\t.~. l.o Dr Iht; Inltomoll.., ..-onll _1 .-,..
To stern the lOA ~ llsteMI$ to YUllIIhI nKJIo.w COm, S.n Anronlo-basecJ Clear Cn.mel tin Q.It beck on eomfhll~1a but gt:.rges .dv~MI" moN ~ .:ltr'Ml!lgy ~ ""1 is more," The _ ....nisin(; .ogmonl, OIhio/1 _ bllllCOlllo"" tu-llOp ado, hod ...... of $741,4 million. up 9 _ ""m I yeor_.
ShRreIl of C1eer ChallvWIf Cort1lnunicatioll rose 21 cents to $2fI.75 In morning Itltdlng ~~l thei New "Y Ofk Steck EJ;change.
ctiBf Executive M8tt P. MaI)'S 'lId IM~'momel"KloIm flII c:cntJnufId in hi new ~...... ~0Ur radiO dMlikln'B per10mlanee surpa&&ed our aper;tDU'r;lnto _net ooc::e again hi' outpaced the lnatry: he", "Our top-:S radio m.rkt'l'l pIMfotn'MHl PBrtlculafl)' WIllI, g"".rIling the highesll*contoQO IlftlMh d 1"1' of our m.rl<.... Mel ""'-. un... continued lI!4 Wnd 01 ~g consiIIonlIr IIlOng """",Uti Ind "",tIN.'
Faw MoIw'!, I'Mdla slloOk llnal~t lot" 80ca Retcn. FJa.-bMed S~ Group, tatd "". 'ecl>nCl ~a radio rellenue ~Mf'l pt'OVW the aIQOIftII at tht "1eu Ia men" Itra_y. "Advarti&er1lee1li1<1l1lOy 0... !I"~ir1I m"", lor _ m.noy _. !Mingo ...dilfblnt white QQmpeeln; radIO lItdo!'W •• In dedfn6; Moran Mid. ~And the ~w Is VallI the ."""" h..tv""'" Ilnll'lgly _ desplto 1110 ""';0 _ .... "_IInQ." 'SITE SERVICES Mor1In Did Clear Chlinntl', tMIO and outdoor-.dvettiling ,.~ue Iiho..n:t aontil1l1f: t:J RSS ...... !!!"!!!_!!....__ "rtlW in the ttIlnt -:tU1r'Ier. Even thoug" .eeon~""fW Nl'I'l#\O' ".,ightty milM'd" M 0 ,,~ NEW' ~ II 0 M ['I'Ol'IlUfriI C",,_UO 8nalylll' terget, he £aid. "lhe8kJry II re.lly In N ,.~ tnd .r~CIJIh ftowi • e..... Cili--.t ea.n.'lnkellO" AGv.rti&e growth'- .y- Jonathan J~. fin J:l'\8Il)rst fur Bank Df Americl $t>elJl"t'JeI LlC. ita k'l .. neD twt ...... r.mo n!vt!nUlt grower. "shOUld outpilOEl ti1lt ntuStrY 1v me balane.. Of ItM yur" • r...MI'II IUAQ£~ SERVICES AI\f;JyItS expect taming&; or 39 cenl$ per stIM In tt'I~ thil'd qUilrter, '0 oerM per wre In • T""""an enta thefcul'th quarter, .rid 11,~ W'" !'or the 'ul y••r. &~_...... ~ ar LOSANGELES TIMES ARTICLE CONCERNING LOS ANGELES FCC FIELD HEARING ON MEDIA OWNERSHIP .'.1'." .1L~U~ ra 09/0612006 10:00 AM ffi.ruJ~~i~~ JHIt:tJ /jjff 'O,C2.o\M POi', S4i'pWil~r ~ Zt'JJ!" ~~.IU'!L¥('H ~{~..g, Print Edition: Business J:·lI.:a"):fD .."': llf~, ._--.... ~- .~:r.:f)J •• ,= ·~.t "[);~ ...,. Public Expresses Frustration Over Broadcast MORE. eUSINESS ~ HONE J Media • BOIIrI9 bee 10 T._ O__.r•• F"tGC£O !~It:;:.=!"~.~.~::=:::::::=~ - Fot Rtftt: Aides, WlnglMl'l, HIJlbe". __ coM;~ldadon 'PrT.it t:d; II c, fwo FCC mernber& l'Itar 0II1a to boOld sUlhd.rd• .,d end tA stttJa" _ G~. Job PlCtu~ Apptoall ltiurh J= :'9nl!jlS,. owoe,..hip. • 5wn_d P.ll.Hlc A~ O:>W1'ItaWn l..A. Ci)ftdQ ..!aI!:l"lQ..Q.'l(1 By ....eg Jan." TinlH St.ff WrlIltf Dool !J'll!.~ •. ~,,,t.. __ .. l$t.'P'et~ 04, 200e _ all "'11 ItOck.· S",.II Gain .~.!!.I!9.r.nj" ~lJ'I.:'~llq.. De~!'1 frostrznkln over the media's of\en frtvolQl.J15 and OeR$iOnally .-.nlltf\te ~ MOST VIEWED MOST !-LVtlLEC Spt'ltl. ,. Cal'I"-;~I' Dubbkfd over late last we" In L06 Angeles., • I'arad' of &pUM'" IIpeflt 4- 1fl houri • NO\IIll Thi5 '-. Tou¢"'C""u" Opir,Ioj't imp~orlng 1wo fedeml regulators tg entorce h1st18r .lBndardl and' hair any fUrther • Foor rt.nt Ala.., Wlr'lImu. H....,.ncI. Wile ~.;'i c:on&olldetiDtl of radio W televifoion S111tion OWMfIhip. · WhMM to G,.atn... 'FIIi,,'iIl i':!.l!Ii:IU, Ne.rly 250 people s""""eel up lor • h.-g at USC, 00" af.....r.1 ...- 1he oounuy RQ,ATED Nll:W$ FROMnlE WE3 kl,h,!!e:( 1 th.t wi' bl hetd .. the Federal Communications COmnJi$,;on emblru, ~ at,ii'. on In _UM Hcl'ft' QVert'lI:.tl of media cwnef5h1p rulu. 'fut"')': .. • Th, I'uttoNiI ~.5lqJ~~, _.'_, -I -F_ ,~.I.'.~!!!'r '¥It arll right back to ,qua,. one," u.:~8J.l1!l~ $BId Mloho.' J. Coppo. "". of two -T_u!'N . o:~r(.,.' _.. ,~ .. FCC memblNa at the meelflQ .USNt\w _ .Bi!!,~_.IJI.II .. Thurad.,. Tv' !'OWl'" by- 'T'ov'-.n..t !'\lEW.~ h1 2003, tho *"cy vot.d 3 10 2 to CaHfornia I LO'II' altQw companies te own m~ TV --- NallC:flIl st.tloniitron V'ttI <:oUI'ltr)' and to i:,eM(i:o~\>- Wt'fld OQI'ltrol both • ttarion and • w,Jes;com., ...' •. ,, ,,'!<"," il'lterUinn'lnl'it Now. newepaper jn tn. sime rnlrbt. 18l E·MAIL: _ oeiif"'cdy ..you, Qualnon .0.110, .n oulpoolrlng of ptI>lIII from Spett. gro~ lJD FlSS: P"",'" 1Opic5, ...... )'I'IIJ_. politiC. t;aniUtner Ind 0...... Con;rn$ weighed In. underoUtting .»)) wlRRES8: L.A, 'l'11hN Iqy 1IdI, ...,...... Oft YOU' Opinion ndllktid...... Colum,.lf. thO FCC" .clIon. SSP...tely. thO C1JQ.I~ ..l'ODe"'lITI~'1'uM ~ '" I••A.. 'IbM ~ Print Edltlgn U.S. 3t Tj;.;...... ~ ...... _..... oo.....ge of u""'''''''ry k_ns by KCBS·TV Channel 2 ill 1997 lnllleCl fll1lle A, B. C - gtIdes dlet nQW hang in ret..urant wlndoWI. LOCAL loCI- ..., a I..... I "Locil 5tOri8s Ire ~pwniiYe. and that type of lnwstigatlon is not Clone 8flY"'DI'e.· she "~. L.A. )oreJ Real !$1JIl' Fr.. /oaaI1A~S.,lfc/!. One sp,"l A lew o\t18ro .aid l/1.y WOlll offen n~ mort impassIoned gr'ClU~ was one .mllated with a Charter sd1CIol In !I S~. In Jun•• 0 t.'k 'how h05\ on ! The school'. -They tl1l11attned tnt live. at Oll'" ctIl1dniln,· he cried out. "II boom,"Sl voiOfl ftIIIng the c:;nferenc. room. KABC exec;:utiWS did not re:bM'!'! eatts aeeking tommtn1 Fridlly, and exeeuth••, II parent nno W1I~ OiOO.Y Co. dldinld Ie comment On Frieay. Ade'stein uidl\8 wa. I!~ Oy whit he hem'd and would inve&t1glle the lTt.tler ful1her. He liiIid ht waa ImpreHltd b-y the Iu'noul and me variety of illues railed IItho hearing. "1ljs wn _ powerful statement of the deep le'41 of concern within 1ft. Hllptlnlc community .bOut 1he 5tD1e of tne media in 1.0, Ange4.e." Of ,pi. "'il'\a trualmion is undel1itanda*: MQRE eUllNI!SS NEW$ .. S"'I Ede tD Yak, OQr" Fora CfO - For Rtnt AIde:I, W'no~ l1uatl.1"ldI - Gr~ JDb Pk..,. A!tPt... Murky ~ltp:llwww.g.tlmu.com/bu.)n.nlprIJl ..dltlOn/l.. -f1-fcc4Mp04.I.t72.8377.story1Coll.~-h.adllnel-l)e-buslnt:.5. • ATTACHMENT 5 RADIOAND RECORDS ARTICLES CONCERNING CLEAR CHANNEL'S PROFESSED FEAR OF "I-PODS" AND SATELLITE SUBSCRIPTION SERVICES OIl07/200510:JIAM NEWS SUMMARIES I -- ---=~ • • - - -- Updated Aug...' 7, 2001 lO:SOam !'T .....tI_ .. Clear Channel Lobbying For ,'fI..,,, r, ~ _ ~ Media-Ownership Rula _.I1._... ~.··" ...... Change ...... ••'#".... r~ .. MondilY, Augu.t 7, 200. Amerlca'. largest radio group wants to get even bigger and Is I.anlng Clear Channel Lobbying For on the FCC to make It hapl1e1l. Oeae Channel, an ac.th'~ member Media-Ownership Rules Change of the radio industry's b'ggest lobbying operation .nd tr1lde Amer1c~'s largest radio group wants to get even bigger and Is leaning on aS5OCiation, tile NAe, t>t;gen the FCC to m~ke It h~ppen. building its own lobbying p",senee in Washington more than a year Clear Channel, an active member of the radio Industry's biggest lobbying ago .nd has met with FCC operation and trade association, the NAB, began building Its OW" lobbying commissioners an" their stalts presern:e In Washington more than a year ago and has met with fCC numerous times. commissioners and their staffs numerous times. FulISgrv Updated August 'J 20C1' According to a report this morning on Ulw.com, Clear Channel Ms quietly 4:30am fT noated a plan that woUld ailow It and companies like it to expand tIlelr Forgy Joins Radio holdings In the lar9~ U.S. markets. The publication says Clear Channel IS One/Creveland a. GM considering a formal petition with the FCC to raise the caps on the number Radio One has annOlJna:d Chris of mtlons a company can own In big markets. Forgy to the I1Ositlon ai YP/GM of its Clevelend cluster, O'Jerseeing Lead by Ch~lrm~n Kevin Martin, the FCC In June announced It would review Urban WENZ, Gospel WlMO, Urban media-ownership rules and would conSider permitting companies to own Talk WERE, and UrbIln WZAK. more than eight stations in the largest markets where at leasl 4S full-power Ful! Stont stations operate. Updated August 4, 2006 'Easing the oWnershil1 restrictions will help level the I1laying field and let 7:15pm fT free radio compete with ;Pods, online music services and satellite radio," Smulyan Withdraws Offer To lliw.com quotes a Clear Channel spokeswoman as .aying. "certainly, Take Emmi. PrlYll~ seeing that satellite radio haS ISO unregulateo stations In every market and ECC Acquisition, Inc. owl1l!r Jerr Smu Ivan today withdr~w h15 free radio is limited to jus: eight shows the apparent disparity.' compeny's May 7 non-bll1c1ing oII'er 10 bUyout Emmls shares to te'w - Jeffrey Yo'*e, 11.&11. WlIshingron Bureau Chief the comPlinv pt1vate. S'tilJtyan. who Is else tn~ founder ar.d Cha Irman/CEO or Emmis CommuniCations Corpora tion, made his IntentIOns known In a letter to the Emmls Broad or DiA<."1ors. fl.!!I..DIa prbductp I Adverti.!n. I f!D I About U, I 'pD"S" U. I sit' NIp ,------'/ c 2006 RlldiQ I. RecDrdll. AJI RIghts Reserved Pr;VDSV PoHmr I LATEST HEADLINES i - - . Updated August 7, 2DO~ 10;5Otom ET g2 EarninG' B'PAd' - Dr. laura Join, $RDt' n,rb,r," New Pc,n AI ColumniS C,r-baled ;P0m. ThrMtID Terrestrial And Salem'I' .,dlo tp~ I !www.fHiOi.ndrec:ords.com/New$rocm/2006.0....07/«Iobbylng.up A,tdlo ..nd 8eotord$ U&/U!iI/":UUIlI UO:"''' YM • • ~--'-'--,--__---:"_.• :"::--~T -.<-::-::----~-.-. I ,_, ' _ ". Aug gill. 20" -~~-_._-~------~~, ~ - --- • StvanTn Hpst IBMA AWllrd. ~ I ~ I !:BIt!! i MOS! l'Q.lJ!..I\~ I ~ I REpRINTS il] • WAA,., HII'm" Card! Baghd,d..hy"" .. fladie~4'bel Rdotl!"" Gilts SDptlight At Report: Clear Channel Wants Bigger Piece Of The Pie Apttericana COnfemD" Aug, 07, 2006 • ),dc,on Named ep Of S'pSan Wag' HpsI By Ken Tudter ibl1Im 101> mgT' fa""d nSWJ Desptte the certainly of another hig/l-proflle battle wtth opponents of medill ~",."":..4~t'\n r"ar rhertrtall"l.e. ~1.llI.'\rflnof'otof."'I...... ;. "'''Illrl :allf'IUI th. ,.."',,, cp://WYM'.ra4Ioandrteotdl.comt'radlon'\O!"Iltorl new"bu$inrssitop_"lIws! Mtlcle_dI5pl.vJs~u_conr.nt.Jd-10029S 1)17 Page 1 of 2 vor.lU/O::UUO .1.4:.1l> tOU aLI) 44<1 .J,i;"" R.ldlo ana ~t'C:Drdl 0.3/09/200505:22 PM _ -....~ ...... :.. ~ "•..., 'lilt.. '1"-"1 ""'•• ",., "''''' I ...... ~ . - --.,.---.------giant and other station owners 10 boost their holdings in the larllest U.S. markets, -j --0 0 .... according to Ihe Deal. , .~---'._~ The eompa"v is consKierir'9 f\li"9 8 lOrmal peUlion with \'" FCC see'Qng \0 rai~e ..---'--,1·,·__ 0_ lhe caps im"lng hOW many litations ene company can own in lhe largesl \ : "1:'--::--0 individual U. S. markcm, acccrding 10 the story. -- ._---~ W'ile currenl rules specify that a company may own no more lIlan eight ~dio '" -----_.. - " _. . . . stations in the lergest U.S. mer1 "Easing ttl<> ownership restrictions will help level the playing field and lei free radio compete wilh iPods, online music servi"". anC satellite radio." a Clear Chilnnel spokeswoman told lhe Deal. "Certainly, seeing that salellit, rlldio has ISO Click Hee! unregulated stalions in every marltetand free radio is limited to just eight .howI l!r ••\,1f .111 t..,;::~'"""-,<.lr" 1. -1:::1~ ~. the apparent dlspe~ty." ,.-~~ .. ---- In June. the commission Iaunclled Its congre••ionally-mandeted review of FCC l'r.IIl •. ' - - . rulee. which it must condUct evetY tour Yf'BllI. .~~" ~ llYAlL 1.eBJ1i! I ¥OS; PQPIJI be IB.U.llIi I REpRI!:iJS ._._. _,_0_--'-- , ~ -:::;...... _-- SUBSC~IW! 'm a'LL!QA'UJ RAQ!Cd MONITOR « , _'A~ __~__' lDId". ----MUSI:::nvP'T Ie ADVERTISINQ OPPORTVNIIIE§ I ABOUT LIS I CONTACT US II , • tp:'Iwww.tldloancirco:oord5.com/raCUomonitor/..../I:.."ib..Sh.lCu;toO_rMWS.Artkte...dlsptiVJSP?.."U_COrttl:.nr..ld_l002951!1'7 'age 2 of 2 ATTACHMENT 6 RADIO INK AND FMQB ARTICLES CONCERNING AMERICAN MEDIA SERVICES STUDY REFLECTING CONTINUED STRENGTH OF BROADCAST RADIO , 09/15'2006 09:44 FAX 31U 444 aZZJ .Iu.. l'.l ...."'v., rJIL bdSo 1'* .. Th. \,IoIce of It._dIG kew.lutlon 09/1'12006 12:51 PM From the P..,b,,.,..,. Today.'s News r-- lLearn Radio Listening Remains Strong september 14. 200e & Earn Features Despite the aYlI.ilabilicy ofvarious new media to rect"i\'C' music aDd news, only Q little more than publishers' NotH one l" four Americans (21 percent) lay the)' are now listenina: tc the radio less than they did l Subscribe five years ~o. Accordi"£: to :llurvey oommiaioned by ArneriCIIIl Media. Se:rvi"" about hulf (SI """,cnt) said their radio listening has,'t chonsed during th<: past fiye YClIl'I, and 21 pcr=.t Subscrlbe 10 OlIily Head.in.. S:Jld Ihey ere now lisleninll mure. Streamline Pre.. When asked to look ahOlld fiye yeat$, only II percent tiley expecllO be nlllellirol: to the Industry Q&A "'0 .11<11010&' then they do now. Nearly throe out orrour(74 percent) said they expect to listen Radio R.evenue about the SllIlle, and 13 pereenl5llld they expect to liSlen more. Marleet Prome "Radio play. a vital role in Americ life. "cpom ofrO(\lo', do.t" ,eem gr..t1y exogger.ted," e,lendar of Events "';d Ed BetiCr, president IOIld chief uti..officer ofAmerican Mcdi. Setv ice:l. which Reader Feedback commissioned the survey. vcnvul...... , rer! ~ Classilleds The survey found that A~llerjCfinJ rate rad'o as their primary ~ourcc to le.fdT. about new music. When ..ked whieh ways ttcy I..", aboul new music, 63 percent SQid by listening 10 the redio. ~ Radio IDIr lists In comparison, 43 peroen: mid itc... be through talki"ll wi'.h biend>, 41 pett.oIlt cited willdllng In ~lIsl1lllinl£s ~ tclcvl,lon. 24 percent cited rcvi~'S in newspapers or mapzine&, and 16 percent ci1ed the rnterr",L ComJlanv Haws • Business Hews • Columnlatll Comment on this story .AboutU. E-mail this story ip a friend Co"boctU. Adys_e Sign UP 'or Radio H,adllneJj G'REAT MARKETING C~~MPAIGNS Poll" 1 of2 Oll/15ll'lJUO U";-i.) rAA o1~V ...... u ••v _.-. ... .-.;0",0...... - ~! I FMQB: hdk> 'MltStry News, Music .ncfu.try Upd.tu, Arbh'ron Ratlrtt'. Musk: NtW5 and 09/14/Z0Qi 12:S••" . .- ...... 1 Addi\1S to Metal Radio . . FMgB )I;,\)t. H &. nl ._' Thu"day, Soptembor 14, 200$ HOMe CURRENT e-Q' AOVERnSl: A.OUT US SU.SCRnE CONTAcr 1m EUiII • BIlEAKING NEWS New Study Says Radio Listening Habits Are Unchanged BREAKING to-1USIC NEWS NEWS q £MQ! lf~ SeplefRber13,200e • IJPfG Upset With r~EC!.~5.t;S"E 2·1/7 YIlUTube • MySpace veil!.(;:: TA;.f.l\lT Vp.tTr A new Omn itelJAmerican Media Services (AMS) study finds that despite the munitude of new media options, most people are stili listening to in the • Ht'Wilrd Stern (181... M'J$'i'<.:: M~R12'.fi!.Nb!SI5 redia TCI Ie -"Victim Of A same amount as always. Approximately percent those surveyed CHR 27 of are Smear CiIImpalgn" listening to less radio than they dill five yeal'$ ago, Just over half said their RHYTHM CROSSOVER .. Microsoft Unveil. Tlte listening habits are unchanged, w1h 21 percent saying they now liClen to even Zt::ne ,o,C more radio. .. former PDwer 105 ROCI< HI:15t Star Sues Clea.. MODERN !lOCI< Mditianal/y, 63 percent said they find new music via radio, wilh friendS (43 Chonne. SPECIALTY percent), TV (41 percent), print reviews (24 percent) and the Internet (16 • T.m Bigby Retlr. METAL percent) ciledlils other sources 10r new music, Also, men were found to be from CBS Radio TRIPU'" more likely than women to listen to Internet radio, but the gender g.p is • In Brief - september 14,_ t:(;.,'nl'lGS expected to shrink in the near future. Jag ~RONT ~ September 13, 200. [NOliSTRY lINKS "Radio plays a vital role in American life. Reports of radio's death seem greatiy • ".,onv.o Spul IIlP://_.'mqb.'.m/Articl....plld·Z7ZSi7 'age 1 of] Uroadca.dl S!.9r.LYD Now! • Cornbridl" SEARCH FMQII.COM SOLlndWorks Introduces HD Tabl. (§D Radio and Tun_ COll1ponent .. In Btief ... 5epUMlber 13,ZOM • S