EXHIBIT 99.1

                 CLEAR CHANNEL WORLDWIDE AND THE ACKERLEY GROUP
                                  CLOSE MERGER

SAN ANTONIO, TX--JUNE 14, 2002... Lowry Mays, Chairman and CEO of Clear Channel
Worldwide (NYSE: Clear Channel Communications, CCU) and Barry Ackerley, Chairman
and Chief Executive Officer of The Ackerley Group (NYSE: AK) jointly announced
the completion of the merger of the two companies. The Ackerley Group is a
diversified media company with outdoor, television, radio and interactive media
assets. Clear Channel Worldwide is a global leader in the out-of-home
advertising industry with radio and television stations, outdoor displays, and
entertainment venues in 65 countries around the world.

Pursuant to the terms of the agreement, The Ackerley Group's shareholders will
receive 0.35 shares of Clear Channel Communications, Inc. common stock for each
share of The Ackerley Group they own in a tax-free exchange.

Lowry Mays, Chairman and CEO of Clear Channel Worldwide said: "We are delighted
to have the Ackerley team join the Clear Channel family. With the BEST media
collection, Clear Channel will continue to serve our communities, our consumers
and our customers."

"Today's closing completes the final chapter in the history of The Ackerley
Group," said Barry Ackerley, Chairman and CEO of The Ackerley Group. "After 27
years of business success and making a positive impact in the communities in
which we work and live, I want to thank everyone who helped build The Ackerley
Group into one of the nation's most innovative media and entertainment
companies. There are great synergies among our operations, and I am confident
that our media properties and employees will continue to achieve great success
under the new ownership."

ABOUT CLEAR CHANNEL WORLDWIDE

Clear Channel Worldwide, headquartered in San Antonio, Texas, is a global leader
in the out-of-home advertising industry with radio and television stations,
outdoor displays, and entertainment venues in 65 countries around the world.

ABOUT THE ACKERLEY GROUP

The Ackerley Group is an innovative media and entertainment company and holding
outdoor, broadcasting and interactive media assets. The Ackerley Group owns or
operates under management agreements 18 television stations. For more
information, visit The Ackerley Group Web site at www.ackerley.com.







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
the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Visit our
website at www.clearchannel.com