Clear Channel Names Steven Cutler Senior Vice President Of Business Development And Corporate Strategy

Clear Channel today announced that Steven Cutler has been named Senior Vice President of Business Development and Corporate Strategy, a new position. Cutler will report to Bob Pittman, CEO of Clear Channel. Cutler’s appointment is effective immediately.

Cutler, based in New York City, joins Clear Channel from Pilot Group, a New York-based private investment firm. He will remain a member of Pilot Group.

In his new role, Cutler will work with all parts of the company to execute key initiatives and strategies as determined by the CEO and operating division leadership. Cutler will also play a lead role in major strategic agreements for the company as well as its divisions as needed.

“Steven has a strong background in both business development and strategy across a number of industries. I’m confident that his broad background and relevant experience will be of great value as we take Clear Channel into stronger partner relationships and new areas of growth,” said Bob Pittman, CEO of Clear Channel.

Prior to his six years at Pilot Group, Cutler was an investment banker at Bank of America Merrill Lynch, where he worked on mergers and acquisitions and capital markets transactions for media and consumer/retail companies. He was also an analyst at Jupiter Media Metrix Research, focusing on helping client companies build the digital aspects of their businesses online and on mobile platforms.

Cutler received his M.B.A. from Columbia Business School and his B.A. degree from Brown University.

About CC Media Holdings, Inc.

CC Media Holdings, Inc. (OTCBB: CCMO) is one of the leading global media and entertainment companies specializing in radio, digital, out of home, mobile and on-demand entertainment and information services for local communities and providing premier opportunities for advertisers.

Clear Channel Radio, the leading media business in America with a greater reach in the U.S. than any radio or television company, which serves 150 cities through 850 owned radio stations. It also includes Clear Channel Digital, which develops and operates iHeartRadio, the free, industry-leading digital radio product that combines access to all of the company’s live broadcast and digital-only radio stations with user-created Custom Stations, and develops the companion digital products for each radio station brand; Premiere Radio Networks, which syndicates 90 radio programs and services to more than 5,000 radio station affiliates reaching over 190 million listeners a week; Total Traffic Network, a ground-breaking programming and technology service delivering real-time traffic data directly to vehicles and radio stations, in more than 100 metropolitan markets in four countries, including the United States, Canada, Mexico, and New Zealand; and Katz Media Group, which is the largest media representation firm in the U.S. representing more than 2,600 radio stations and 400 television stations.

Clear Channel Outdoor Holdings, Inc., one of the world’s largest outdoor advertising companies with close to one million displays in over 40 countries across five continents, including 49 of the 50 largest markets in the United States, offers many types of displays across its global platform to meet the advertising needs of its customers. This includes a growing digital platform that now offers over 750 digital displays across 37 U.S. markets. Clear Channel International operates in nearly 30 countries across Asia, Australia and Europe in a wide variety of formats and operates over 3,500 municipal advertising contracts worldwide.

For more information please visit www.ccmediaholdings.com or www.clearchannel.com.

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About Clear Channel Communications

Clear Channel Communications, Inc. (OTCBB:CCMO) is a global media and entertainment company specializing in mobile and on-demand entertainment and information services for local communities and premiere opportunities for advertisers. Based in San Antonio, Texas, the company’s businesses include radio and outdoor displays. More information is available at www.clearchannel.com.

Contact:

Wendy Goldberg
WendyGoldberg [at] clearchannel.com
212-549-0965

Source: Clear Channel