EXHIBIT 99.1 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON
FINANCIAL STATEMENT SCHEDULE

      We have audited the consolidated financial statements of Clear Channel
Communications, Inc. and subsidiaries, as of December 31, 2004 and 2003, and for
each of the three years in the period ended December 31, 2003, and have issued
our report thereon dated March 8, 2005. Our audits also included the financial
statement schedule listed in the Index at Item 15(a)2. This schedule is the
responsibility of the Company's management. Our responsibility is to express an
opinion based on our audits.

      In our opinion, the financial statement schedule referred to above, when
considered in relation to the basic financial statements taken as a whole,
presents fairly in all material respects the information set forth therein.

                                    /s/ Ernst & Young LLP

San Antonio, Texas
March 8, 2005