September 19, 2011 – Clear Channel Radio, the leading media company in America with a greater reach than any radio or television outlet, today announced an agreement with Microsoft that will enable the companies to offer a high definition video (HD) stream of the entire two-day iHeartRadio Music Festival exclusively on Xbox 360. The iHeartRadio Music Festival, which takes place September 23-24, 2011, will be the biggest live concert festival in radio history; after it was announced on July 11, it sold out 10 minutes after tickets were put on sale to the general public. This agreement will enable the millions of Xbox 360 users to stream performances from the entire Festival in HD on Xbox LIVE, the largest social entertainment network in the living room.

Live from the MGM Grand in Las Vegas, the iHeartRadio Festival will feature performances from today's hottest recording artists, including Lady Gaga, Jay-Z, Coldplay, Kenny Chesney, The Black Eyed Peas, Steven Tyler, Alicia Keys, Jennifer Lopez, Carrie Underwood, Jane's Addiction, Nicki Minaj, David Guetta, Rascal Flatts, Bruno Mars, Sublime with Rome, Kelly Clarkson and special performances from Usher, Sting and Jeff Beck.

The iHeartRadio Music Festival will celebrate the official launch of the New iHeartRadio, Clear Channel's free, industry-leading digital radio product, bringing users a best-in-class customizable digital listening experience, one that combines the best of both worlds to deliver everything listeners want in one free, fully-integrated service: more than 800 of the nation's most popular live broadcast and digital-only radio stations from 150 cities, plus user-created Custom Stations, which provide listeners more songs, better music intelligence, more user control and deeper social media integration.

"Since we announced the Festival in July, listener demand has been unprecedented, with fans across the country clamoring for a chance to be part of the biggest live concert in radio history, a show that sold out in just ten minutes," said John Hogan, President and CEO of Clear Channel Radio. "This partnership with Xbox 360 means that those who cannot be in Las Vegas in person will have the opportunity to experience the event as well through an HD video stream exclusively on Xbox LIVE."

Hogan added, "Xbox 360, the number one selling entertainment console in the United States, and iHeartRadio, the leading digital radio platform, are the perfect match. Streaming the Festival in HD on Xbox LIVE reflects our ongoing commitment to be everywhere our listeners expect us to be, with the products and services they want."

"Given the historic line-up of artists, the iHeartRadio Music Festival will be the concert event of the decade, and we are thrilled that Xbox LIVE will be the only place fans can go to stream the event in high-definition and experience two full days of amazing performances. The high-definition streaming of this concert is part of our commitment to bring consumers the entertainment they want, shared with the people they care about, made easy," said Tom Gibbons, Corporate Vice President of Xbox LIVE. "Xbox 360 is a destination for extraordinary entertainment and we look forward to delivering this exclusive music experience to our nearly 35 million Xbox LIVE members."

To watch the iHeartRadio Music Festival on the Xbox 360, Xbox LIVE members can simply sign in to their Xbox LIVE account, then access the concert HD stream on the dashboard.

Clear Channel will promote the stream through on-air promotion across more than 600 stations, as well as online through 800 station websites, iHeartRadio.com and via social media platforms.

The iHeartRadio Music Festival will be carried live on Clear Channel Radio stations in over 150 markets. In addition, the show will be streamed across all of Clear Channel's radio station websites, at iheartradio.com/vegas and at facebook.com/iheartradio.

Artists and/or event subject to change or cancellation without notice.