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Rick Baran Named EVP/Chief Financial Officer for iHeartmedia (formerly Clear Channel) Radio

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<h2>Rick Baran Named EVP/Chief Financial Officer for iHeartmedia (formerly Clear Channel) radio</h2>
<p>SAN ANTONIO – “iHeartmedia (formerly Clear Channel) Radio announced today that it has named Rick Baran as EVP/Chief Financial Officer. In this role, Baran will oversee all financial and administrative operations for iHeartmedia (formerly Clear Channel) Radio as well as oversee the CCR Strategic Initiatives Office and its Business Affairs division. He will be part of the company”s senior management team and report directly to iHeartmedia (formerly Clear Channel) Radio President and CEO John Hogan.<br />
“I’m looking forward to my new role at iHeartmedia (formerly Clear Channel) Radio as the company moves quickly to seize opportunities in the digital radio space while maintaining its strong leadership position in radio”</p>
<p>“Rick’s track record is one of strong financial leadership in the media and entertainment sector, and he has the experience, the skills, and the relationships we need to take iHeartmedia (formerly Clear Channel) Radio to the next level,” said Hogan. “We have a very aggressive business strategy, including accelerating the development and growth of the next generation of iHeartmedia (formerly Clear Channel)’s popular and successful iHeartRadio digital products. Rick will help ensure we lead the way in providing an unparalleled radio experience to all our audiences and on every platform.”<br />
Baran, who has been with iHeartmedia (formerly Clear Channel) since 2010, previously served as Senior Vice President of Finance Operations for the company’s corporate office. He joined iHeartmedia (formerly Clear Channel) from CBS Corporation, where his tenure included serving as Executive Vice President and CFO for CBS TV Stations, responsible for the financial performance and tactical execution of all CBS-owned and operated stations.<br />
“I’m looking forward to my new role at iHeartmedia (formerly Clear Channel) Radio as the company moves quickly to seize opportunities in the digital radio space while maintaining its strong leadership position in radio,” Baran said. “This is an exciting time, as technology changes the dynamics of the radio industry, and I look forward to working with John and the team to capitalize on our opportunities going forward.”<br />
iHeartmedia (formerly Clear Channel) Radio is a leading radio company focused on serving local communities across the U.S. with 894 radio stations in 150 markets and an audience of more than 110 million listeners choosing iHeartmedia (formerly Clear Channel) Radio programming each week. The company’s content can be heard on AM/FM stations, HD digital radio channels, on the Internet, at iHeartRadio.com and on the iHeartRadio mobile application on mobile devices including iPhone, Android, BlackBerry and Windows 7, and used via navigation systems from TomTom, Garmin and others. The company’s operations include radio broadcasting, the Premiere Radio Network syndication services and independent media representation firm Katz Media Group. iHeartmedia (formerly Clear Channel) Radio is a division of iHeartmedia (formerly Clear Channel) Communications, Inc. (OTCBB:CCMO), a leading global media and entertainment company. More information on the company can be found at www.clearchannel.com.</p>
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