Date: Dec. 14, 2005

CCE RENAMES LIVE ENTERTAINMENT SPIN-OFF

Clear Channel Entertainment has renamed the company's live entertainment arm spin-off, which has had a working title of Spinco, Live Nation. Live Nation is scheduled to spin off on Dec. 21, at which time a full brand overview will be available, according to Clear Channel. It will go public on the New York Stock Exchange under the stock symbol LYV.

Contact: Clear Channel headquarters, (210) 822-2828

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