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Feb 21, 2001

SFX Motor Sports Group Names New Chairman To Replace Departing Becker

SFX issued the following press release:<BR><BR><BR>"Jeff Lewis Named Chairman Of SFX Motor Sports Group<BR><BR>"AURORA, IL (February 21, 2001)- Brian Becker, Chairman and CEO of SFX, announced today the appointment of long-time SFX executive Jeff Lewis as Chairman of the SFX Motor Sports Group. Most recently, Lewis was Chairman of SFX Family Entertainment, overseeing the growth of that business segment to encompass family and youth-oriented stage shows and tours, touring exhibitions and a variety of figure skating events.<BR><BR>"Lewis will focus primarily on the strategic growth of SFX's motor sports interests in North America and around the world. He joins a strong management team that includes President Charlie Mancuso. Currently, Aurora, Illinois-based SFX Motor Sports is the leading producer and promoter of specialized, in-arena motor sports events, producing over 500 events annually. SFX Motor Sports has three divisions - trucks, motorcycles and special events - that include the Wrenchead.com USHRA Monster Jam Series, The EA SPORTS Supercross, National Arenacross Series, the new IFMA Freestyle Motocross Series, Championship Cup Series (CCS), National Dirt Track Series and the National Road Race Series.<BR><BR>"Brian Becker said, 'I am proud to announce Jeff Lewis as the Chairman of the SFX Motor Sports Group. Jeff has been an invaluable member of the SFX executive team, having proven time and again his ability to substantively grow our various businesses. The prospects for our Motor Sports Group are bright, and Jeff and Charlie will make a great team in realizing its potential both here in the U.S. and abroad.'<BR><BR>"Jeff Lewis said, 'This is a terrific opportunity and a great challenge. SFX Motor Sports has come to exemplify excellence in its category, and I look forward to working with Charlie and the rest of the team to push the envelop to deliver the highest quality experience to motor sports fans around the world.'<BR><BR>"Lewis replaces Gary Becker, who is now responsible for the development of SFX's sports events business.<BR><BR>"About SFX: SFX, a subsidiary of Clear Channel Communications (NYSE: CCU), is the world's largest producer and marketer of live entertainment events. SFX currently owns, operates and/or exclusively books 130 live entertainment venues, including 44 amphitheaters in the U.S. Each year, more than 60 million people attend approximately 26,000 events promoted and/or produced by SFX, including: Live music events; Broadway and touring Broadway shows; family entertainment shows; and specialized sports and motor sports shows. SFX also provides strategic sports marketing sales and consulting services to professional and college teams, leagues, venues and properties.<BR><BR>"In addition, SFX owns a leading full-service talent management company, specializing in the representation of athletes and broadcasters. SFX is headquartered in New York City. More information is available at www.sfx.com.<BR><BR>"Clear Channel Communications, Inc., headquartered in San Antonio, Texas, is a global leader in the out-of home advertising industry with radio and television stations, outdoor displays and entertainment venues in 40 countries around the world. Including announced transactions, Clear Channel operates over 1,120 radio and 18 television stations in the United States and has equity interests in over 240 radio stations internationally. Clear Channel also operates more than 750,000 outdoor advertising displays, including billboards, street furniture and transit panels across the world."