Clear Channel & Dualtone Music Announce Agreement to Share Radio Revenue w/ Artists

Clear Channel Media and Entertainment and Dualtone Music Group, a leading boutique independent music label, today announced an agreement that enables Dualtone and its artists to share revenue from Clear Channel's broadcast and digital radio.

Clear Channel Media and Entertainment is the leading media company in America with a greater reach than any other radio or television outlet.

Dualtone Music Group is a Nashville-based independent label specializing in roots rock, indie rock and critically acclaimed singer/songwriters. Founded in 2001 by Scott Robinson, the label's CEO, Dualtone is known for its thoughtful approach to artist development, providing dedicated attention to a small roster and focusing on gradual, long-term success.

This style has attracted artists like The Lumineers, whose quadruple-platinum single "Ho Hey" has garnered more than 65 million Youtube views, is consistently in the top ten on the Billboard Hot 100, and whose self-titled debut album went platinum as the band was nominated for two Grammy Awards.

Dualtone's current artist roster includes The Lumineers, Shovels & Rope, Ivan & Alyosha, Little Comets and legendary songsmith Guy Clark. Overall, Dualtone's artists have been nominated for 17 Grammy Awards, including three wins.

"Dualtone is dedicated to the long-term career development of each artist on our roster, and radio plays an essential role in their success," said Scott Robinson. "We will do whatever we can to help ensure a vibrant future for Internet radio as well as recognizing the continuing importance of broadcast radio. This is how our artists can reach as many of their fans as possible - wherever they are, on whatever device they're using - and is an invaluable factor in their success."

"Dualtone has achieved enormous success over the past few years, in large part due to their nurturing approach to emerging artists," said Bob Pittman, CEO of Clear Channel. "Their business philosophy is similarly focused on the long term, so they understand that Clear Channel is trying to move the digital radio industry towards a more sustainable model for the future and ensure fans get the music they want when and where they want it. We're excited to partner with Dualtone."

Clear Channel's market-based agreement with Dualtone follows several recent, similar agreements, including Big Machine Label Group, Glassnote Entertainment Group, DashGo, rpm Entertainment, Robbins Entertainment, Naxos, eOne, Wind-up and Fearless Records.

About Dualtone

Dualtone Music Group is a Nashville-based independent label specializing in roots rock, indie rock and critically acclaimed singer/songwriters. Dualtone's diverse catalog boasts over 200 titles including albums from Brett Dennen, June Carter Cash, Mark Olson, Daniel Johnston, Townes Van Zandt in addition to several tribute albums featuring new recordings from acts such as Norah Jones, Emmlyou Harris, Henry Rollins and Johnny Cash. Current artist roster includes The Lumineers, Shovels & Rope, Ivan & Alyosha, Little Comets and legendary songsmith, Guy Clark. Overall, Dualtone's artists have been nominated for 17 Grammy Awards, including three wins.

About Clear Channel Media and Entertainment

With 243 million monthly listeners in the U.S., Clear Channel Media and Entertainment has the largest reach of any radio or television outlet in America. Clear Channel Media and Entertainment serves 150 cities through 850 owned radio stations.

The company's operations include radio broadcasting, online and mobile services and products, live concerts and events, syndication, music research services, and independent media representation. The company's radio stations and content can be heard on AM/FM stations, HD digital radio channels, SiriusXM Satellite Radio, on the Internet at iHeartRadio.com and on the company's radio station websites, on the iHeartRadio mobile application on iPads and smartphones, and used via navigation systems from TomTom, Garmin and others. Clear Channel Media and Entertainment is a division of CC Media Holdings, Inc. (OTCBB: CCMO), a leading global media and entertainment company. More information on the company can be found at clearchannel.com, clearchanneloutdoor.com and ccmediaholdings.com.

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