Exhibit 99.1

iHEARTMEDIA, INC. REPORTS

RESULTS FOR 2014 THIRD QUARTER

San Antonio, October 28, 2014 – iHeartMedia, Inc. (OTCBB: IHRT) today reported financial results for the third quarter ended September 30, 2014.

“This quarter we became ‘iHeartMedia’ to better reflect who we are today – the leading media and entertainment company in the digital age,” Chairman and Chief Executive Officer Bob Pittman said. “We are a one-of-a-kind multi-platform media company that delivers unparalleled reach, scale and impact while continuing to provide the most live entertainment – with more content and more events in more places on more devices – to the industry’s most engaged audiences, wherever they are. And last month, our fourth annual iHeartRadio Music Festival generated more buzz than ever with five billion social media impressions, more than double last year’s total, and on par with the Academy Awards. Our constantly expanding platform of assets enables advertisers and partners to engage seamlessly across all of our diverse media platforms – broadcast, digital, outdoor, mobile, social and events.”

“We were pleased to continue to grow overall revenues while tightly managing our expenses through operating efficiencies to generate a 9% growth in OIBDAN this quarter,” said Rich Bressler, President and Chief Financial Officer. “We delivered year-over-year increases in revenues and OIBDAN at iHeartMedia and our International Outdoor business. Our Americas Outdoor segment continues to improve after coming off of a challenging first half of the year. We also continued to build our financial flexibility with three successful debt refinancing activities during the third quarter, as well as $57.1 million in discounted repurchases of our 2016 and 2018 debt that we have completed in October, further extending our runway and enabling us to keep focusing on our operations and growth.”

Third Quarter 2014 Results

Consolidated revenues increased $42.5 million, or 3%, in the third quarter of 2014 compared to the same period of 2013. Excluding the effects of movements in foreign exchange rates, revenues also increased 3%, or $41.9 million.

The Company’s OIBDAN¹ was up 9%, or $39 million, to $479 million for the three months ended September 30, 2014, versus $441 million for the same period of 2013. Included in OIBDAN for the third quarter of both 2014 and 2013 were $10 million and $8 million of operating and corporate expenses, respectively, associated with the Company’s strategic revenue and efficiency initiatives to attract additional advertising dollars to its businesses and improve operating efficiencies.

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The consolidated net loss attributable to the Company was $115 million in the third quarter of 2014 compared to a consolidated net loss attributable to the Company of $102 million in the same period of 2013.

The consolidated net loss before income taxes was $83 million in the third quarter of 2014 compared to a consolidated net loss before income taxes of $166 million in the same period of 2013. The improvement in net loss was due primarily to an increase in operating income as a result of higher revenue, lower corporate expenses and a non-cash gain realized upon the exchange of two radio stations held in the Aloha Station Trust, LLC for a portfolio of 29 radio stations.

Key Highlights

The Company’s recent key highlights include:

iHeartMedia

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Outdoor

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Revenues, Operating Expenses and OIBDAN by Segment

Certain prior period amounts have been reclassified to conform to the 2014 presentation of financials throughout the press release.

iHeartMedia

iHeartMedia segment revenues increased $7 million, or 1% during the third quarter of 2014. Revenue increased for our core national broadcast radio, including events, and our national syndication business. Political advertising revenue was higher, as was revenue from our traffic and weather business as a result of the impact of strategic sales initiatives. Partially offsetting these increases were decreases in our core local broadcast radio revenues.

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Operating expenses increased $2 million during the third quarter of 2014 versus the same period in 2013 primarily due to higher compensation expense, including commissions, as well as higher spending on revenue and efficiency initiatives. These increases were partially offset by lower direct expenses as a result of previous efficiency initiatives.

OIBDAN was up $5 million (to $319 million) in the third quarter of 2014 compared to the same period in 2013.

Americas Outdoor Advertising

Americas outdoor revenues decreased $2 million, or 1% ($1 million, or 0%, excluding foreign exchange impacts), compared to the same period in 2013, primarily driven by lower national account revenues and the nonrenewal of certain airport contracts. Higher digital revenues were partially offset by decreases in revenues from traditional product lines.

Operating expenses declined $1 million (or flat excluding foreign exchange impacts) during the third quarter of 2014 versus the same period in 2013 due primarily to property tax refunds and lower commissions partially offset by higher expenses related to litigation.

OIBDAN declined $1 million (to $134 million) in the third quarter of 2014 compared to the same period in 2013.

International Outdoor Advertising

International outdoor revenues increased $22 million, or 6% ($21 million, or 5%, excluding foreign exchange impacts), compared to the same period in 2013, primarily driven by revenue growth in Europe including Italy, due to a new contract for the Rome airports, as well as France and Sweden. Revenue in emerging markets also increased, particularly in China, as a result of new contracts.

Operating expenses increased $14 million (or $12 million excluding foreign exchange impacts) during the third quarter of 2014 versus the same period in 2013 primarily driven by higher variable site lease costs and compensation expenses related to higher revenues generated from new contracts, as well as higher expenses from investing in our digital sales force.

OIBDAN was up $8 million, or 13% (14% excluding foreign exchange impacts) (to $69 million) in the third quarter of 2014 compared to the same period in 2013.

Conference Call

iHeartMedia, Inc. along with its wholly owned subsidiary, iHeartCommunications, Inc., and its publicly traded subsidiary, Clear Channel Outdoor Holdings, Inc., will host a conference call to discuss results on October 28, 2014 at 8:30 a.m. Eastern Time. The conference call number is (800) 260-0719 (U.S. callers) and (651) 291-1889 (International callers) and the passcode for both is 339205. A live audio webcast of the conference call will also be available on the investor section of www.iHeartMedia.com and www.clearchanneloutdoor.com. After the live conference call, a replay will be available for 30 days. The replay numbers are 800-475-6701 (U.S. callers) and 320-365-3844 (International callers) and the passcode for both is 339205. An archive of the webcast will be available beginning 24 hours after the call for 30 days.

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TABLE 1 - Financial Highlights of iHeartMedia, Inc. and Subsidiaries

For the three months ended September 30, 2014, foreign exchange rate movements increased the Company’s revenues by $1 million and increased direct operating and SG&A expenses by $1 million. For the nine months ended September 30, 2014, foreign exchange rate movements increased the Company’s revenues by $12 million and direct operating and SG&A expenses by $10 million.

TABLE 2 - Selected Balance Sheet Information

Selected balance sheet information for September 30, 2014 and December 31, 2013:

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TABLE 3 - Total Debt

At September 30, 2014 and December 31, 2013, iHeartMedia had total debt of:

The current portion of long-term debt was $3 million and $454 million as of September 30, 2014 and December 31, 2013, respectively.

Liquidity and Financial Position

For the nine months ended September 30, 2014, cash flow used for operating activities was $28 million, cash flow provided by investing activities totaled $37 million, cash flow used for financing activities was $189 million, and the effect of exchange rate changes on cash was $5 million. The net decrease in cash was $186 million, primarily as a result of paying down a portion of our long-term debt.

Capital expenditures for the nine months ended September 30, 2014 were approximately $195 million compared to $197 million for the same period in 2013.

During the third quarter of 2014, we entered into the following debt transactions:

The senior secured credit facilities require iHeart to comply on a quarterly basis with a financial covenant limiting the ratio of consolidated secured debt, net of cash and cash equivalents, to consolidated EBITDA (as defined by iHeart’s senior secured credit facilities) for the preceding four quarters. iHeart’s secured debt consists of the senior secured credit facilities, the receivables-based credit facility, the priority guarantee notes and certain other secured subsidiary debt. As required by the definition of consolidated EBITDA in iHeart’s senior secured credit facilities, iHeart’s consolidated EBITDA for the preceding four quarters of $1.9 billion is calculated as operating income (loss) before depreciation, amortization, impairment charges and other operating income, net plus share-based compensation and amortization of deferred system implementation costs and is further adjusted for the following items: (i) costs incurred in connection with the closure and/or consolidation of facilities, retention charges, consulting fees and other permitted activities; (ii) extraordinary, non-recurring or unusual gains or losses or expenses and severance; (iii) non-cash charges; (iv) cash received from nonconsolidated affiliates; and (v) various other items.

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The following table reflects a reconciliation of consolidated EBITDA (as defined by iHeart’s senior secured credit facilities) to operating income and net cash provided by operating activities for the four quarters ended September 30, 2014:

The maximum ratio under this financial covenant is currently set at 9.00:1 and reduces to 8.75:1 for the four quarters ended December 31, 2014. At September 30, 2014, the ratio was 6.4:1.

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Supplemental Disclosure Regarding Non-GAAP Financial Information

The following tables set forth the Company’s OIBDAN for the three and nine months ended September 30, 2014 and 2013. The Company defines OIBDAN as consolidated net income (loss) adjusted to exclude non-cash compensation expenses and amortization of deferred systems implementation costs as well as the following line items presented in its Statement of Operations: Income tax benefit(expense); Other income (expense), net; Loss on extinguishment of debt; Equity in earnings (loss) of nonconsolidated affiliates; Interest expense; Other operating income, net; Depreciation and amortization; Impairment charges; and Non-cash compensation expense.

The Company uses OIBDAN, among other things, to evaluate the Company’s operating performance. This measure is among the primary measures used by management for the planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. We believe this measure is an important indicator of the Company’s operational strength and performance of its business because it provides a link between profitability and net income. It is also a primary measure used by management in evaluating companies as potential acquisition targets.

The Company believes the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by the Company’s management. The Company believes it helps improve investors’ ability to understand the Company’s operating performance and makes it easier to compare the Company’s results with other companies that have different capital structures, stock option structures or tax rates. In addition, the Company believes this measure is also among the primary measures used externally by the Company’s investors, analysts and peers in its industry for purposes of valuation and comparing the operating performance of the Company to other companies in its industry.

Since OIBDAN is not a measure calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, net income as an indicator of operating performance and may not be comparable to similarly titled measures employed by other companies. OIBDAN is not necessarily a measure of the Company’s ability to fund its cash needs. As it excludes certain financial information compared with operating income and net loss, the most directly comparable GAAP financial measures, users of this financial information should consider the types of events and transactions which are excluded.

In addition, because a significant portion of the Company’s advertising operations are conducted in foreign markets, principally the Euro area, the U.K. and China, management reviews the operating results from its foreign operations on a constant dollar basis. A constant dollar basis (in which a foreign currency adjustment is made to show the 2014 actual foreign revenues, expenses and OIBDAN at average 2013 foreign exchange rates) allows for comparison of operations independent of foreign exchange rate movements.

As required by the SEC, the Company provides reconciliations below to the most directly comparable amounts reported under GAAP, including (i) OIBDAN for each segment to consolidated operating income (loss); (ii) Revenues excluding the effects of foreign exchange to revenues; (iii) Expenses excluding the effects of foreign exchange to expenses; (iv) OIBDAN excluding the effects of foreign exchange to OIBDAN; (v) Revenues excluding effects of political revenue to revenues; (vi) Corporate expenses excluding non-cash compensation expenses to Corporate expenses; and (vii) OIBDAN to net loss.

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Reconciliation of OIBDAN for each segment to Consolidated Operating Income (Loss)

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Reconciliation of Revenues excluding Effects of Foreign Exchange Rates to Revenues

Reconciliation of Expenses (Direct Operating and SG&A Expenses) excluding Effects of Foreign Exchange Rates to Expenses

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Reconciliation of OIBDAN excluding Effects of Foreign Exchange Rates to OIBDAN

Reconciliation of Revenues excluding Effects of Political Revenue to Revenues

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Reconciliation of Corporate Expenses excluding Non-cash compensation expenses and Amortization of deferred system implementation costs to Corporate Expenses

Reconciliation of OIBDAN to Net Income (Loss)

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About iHeartMedia, Inc.

iHeartMedia, Inc. (OTCBB: IHRT), the parent company of iHeartCommunications, Inc., is one of the leading global media and entertainment companies. The company specializes in radio, digital, outdoor, mobile, social, live events, on-demand entertainment and information services for local communities, and uses its unparalleled national reach to target both nationally and locally on behalf of its advertising partners. The company is dedicated to using the latest technology solutions to transform the company’s products and services for the benefit of its consumers, communities, partners and advertisers, and its outdoor business reaches over 40 countries across five continents, connecting people to brands using innovative new technology.

For further information, please contact:

Media

Wendy Goldberg

Executive Vice President – Communications

(212) 377-1105

Investors

Effie Epstein

Vice President – Planning and Investor Relations

(212) 377-1116

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Certain statements in this release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of iHeartMedia, Inc. and its subsidiaries, including iHeartCommunications, Inc. and Clear Channel Outdoor Holdings, Inc., to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The words or phrases “guidance,” “believe,” “expect,” “anticipate,” “estimates,” “forecast” and similar words or expressions are intended to identify such forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances are forward-looking statements.

Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this release include, but are not limited to: the impact of the Company’s substantial indebtedness, including the use of cash from operations and other liquidity-generating transactions to make payments on its indebtedness; changes in business, political and economic conditions in the United States and in other countries in which the Company currently does business (both general and relative to the advertising industry); changes in operating performance; changes in governmental regulations and policies and actions of regulatory bodies; changes in the level of competition for advertising dollars; fluctuations in operating costs; technological changes and innovations; changes in labor conditions; changes in capital expenditure requirements; fluctuations in exchange rates and currency values; the outcome of litigation; fluctuations in interest rates; taxes and tax disputes; shifts in population and other demographics; access to capital markets and borrowed indebtedness; risks relating to the integration of acquired businesses; and risks that we may not achieve or sustain anticipated cost savings. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this document. Other key risks are described in the Company’s reports filed with the U.S. Securities and Exchange Commission, including in the section entitled “Item 1A. Risk Factors” of iHeartMedia, Inc.’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Except as otherwise stated in this release, the Company does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

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