Clear Channel Entertainment – Motor Sports and KTM North America Incorporated Sign Three-Year Deal

AURORA, Ill. (October 30, 2003) – Clear Channel Entertainment’s Motor Sports division and KTM North America, Inc. recently signed a three-year agreement to present the KTM Jr. Supercross Challenge at the THQ World Supercross GP/AMA Supercross Series events, extending their involvement in the sport.

Introduced to supercross in 1997, the KTM Jr. Supercross Challenge has been a significant part of the supercross program. Over the years, more than 1500 kids between the ages of seven and eight have experienced the perks of being a factory rider for a day.

“The KTM Jr. Supercross Challenge is one of the proudest accomplishments of KTM North America, Inc,” said Selvaraj Narayana, vice president, KTM North America, Inc. “To work with the youth of America and to demonstrate their skill, ability, pride and passion for the sport in front of hundreds of thousands of supercross fans is truly an honor. We are looking forward to working with our colleagues at Clear Channel for the next three years to take this program to all new levels.”

At each supercross race, 15 riders are randomly selected to compete in front of the sizeable crowds at the Clear Channel Entertainment – Motor Sports-produced events. Kids can register at their local KTM dealership across America. The chosen riders and families are treated to a full factory day at the supercross race. Each rider competes on identically prepared KTM 50 Pro Sr. Sportsmotorcycles and receives Thor riding gear, team wear and Scott Goggles. In addition, each rider receives a #100 EE Savings Bond.

For more information, or to purchase tickets, please log on to www.sxgp.com, www.ticketmaster.com, www.unlvtickets.com (Las Vegas only), www.tickets.com (San Francisco only).

THQ World Supercross GP is a 17 round global series that is produced and promoted by Clear Channel Entertainment and Dorna Off Road S.L. In 2003-2004, the 17 event THQ World Supercross GP will be comprised of two European events, Seville, Spain and Arnhem, Holland, and 15 of the 16 events that are conducted in major markets throughout the United States as part of the AMA Supercross Series. The other AMA Supercross Series event held in Daytona Beach, Fla. is independently produced by the International Speedway Corporation, and is not a part of the THQ World Supercross GP.

About Clear Channel Entertainment

Clear Channel Entertainment, the world’s largest producer and marketer of live entertainment events, is a subsidiary of Clear Channel Worldwide (NYSE: CCU), a global leader in the out-of-home advertising industry. Clear Channel Entertainment currently owns, operates and/or exclusively books 135 live entertainment venues, including 44 amphitheaters in the U.S. and 28 venues in Europe. Each year, more than 62 million people attend approximately 26,000 events promoted and/or produced by the company, including: Live music events; Broadway, West End and touring theatrical shows; family entertainment shows; and specialized sports and motor sports shows.

In addition, Clear Channel Entertainment owns leading talent management businesses that specialize in the representation of athletes and broadcasters, including independently operated baseball, basketball and football businesses. Clear Channel Entertainment is headquartered in New York City.

About AMA Pro Racing

AMA Pro Racing is the leading sanctioning body for motorcycle sport in the United States. Its properties include the AMA Supercross Series, the AMA Chevy Trucks U.S. Motocross Championnship, the AMA Chevy Trucks U.S. Superbike Championship, the AMA Progressive Insurance U.S. Flat Track Championship and the AMA Red Bull Supermoto Championship. Nearly 2 million race fans attended AMA Pro Racing events during the 2002 season. For more information about AMA Pro Racing, visit www.amaproracing.com.