Clear Channel Outdoor Reports Higher Revenues, Revenues increase 7 Percent

SAN ANTONIO, TX - Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) has reported results for the first quarter ended March 31, 2011. The Company reported revenues of $650 million in the first quarter of 2011, a 7% increase from the $609 million reported for the first quarter of 2010. Excluding the effects of movements in foreign exchange rates, the revenue increase would have been 5%.1