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NOVEMBER 9, 2009 CLEAR CHANNEL OUTDOOR AWARDED SOUND TRANSIT ADVERTISING CONTRACTFive Year Agreement Guarantees Revenue Share to Transit Agency Seattle, Washington, November XX, 2006 --- Clear Channel Outdoor, Inc. today announced it has been awarded a new contract with Sound Transit to manage all revenue-generating advertising operations for the transit agency. The five year contract is structured to create a revenue sharing partnership between Clear Channel Outdoor (CCO) and Sound Transit. Under the terms of the contract, CCO will operate Sound Transit’s advertising program on commuter and light rail lines and on stations from Everett to Tacoma. The contract also includes advertising on the Tacoma Street Car and on 243 Sound Transit busses. “Sound Transit’s trains, buses and transit facilities are highly visible throughout the region and offer great opportunities for advertisers,” said Sound Transit CEO Joni Earl. “This partnership with Clear Channel Outdoor will generate revenue supporting our projects and services.” “Clear Channel Outdoor is proud to be working with Sound Transit on this important public-private partnership,” said Olivia Voigts President of Clear Channel Outdoor’s Washington Division. “This multi-facetted contract, which encompasses light rail, busses and station advertising, across three counties, will enable us to provide the most comprehensive advertising coverage available in the region. It also provides needed revenue to Sound Transit, a vital public service.” Last year Sound Transit provided transportation to 16 million riders in the Puget Sound region, taking countless cars off roads and benefiting air quality. For more information on Clear Channel Outdoor and its contract with Sound Transit, contact, Olivia Voigts, President Clear Channel Outdoor Washington, 206.682.3833, oliviavoigts@clearchannel.com About Clear Channel Outdoor Clear Channel Outdoor (NYSE:CCO) is the world’s largest outdoor advertising company with close to one million displays in over 50 countries across 5 continents. Locally Clear Channel Outdoor operates thousands of displays including traditional format signs, digital displays and currently holds long term award contracts for advertising partnerships at SeaTac Airport and manages contracts with four transit lines in the Puget Sound region. In the United States, the company operates just under 200,000 advertising displays and has a presence in 49 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. Clear Channel Adshel is the company's international street furniture division, which operates over 3,500 municipal advertising contracts worldwide. Clear Channel Outdoor also operates digital displays and networks in most of its divisions. More information may be found by visiting www.clearchanneloutdoor.com ### Contacts: Cliff Johnson Clear Channel Outdoor cliffjohnson@clearchannel.com Reply Email: cliffjohnson@clearchannel.com |
