EXHIBIT 99.1

                                 PRESS RELEASE

Contacts:
Media: Rebecca Allmon,
Director, Public
Relations
Clear Channel Worldwide,
210/832-3536
OR
Investors: Randy Palmer
Vice President, Investor Relations
Clear Channel Worldwide, 210/832-3315


                 Clear Channel Worldwide and The Ackerley Group
                                 Announce Merger


San Antonio, TX--October 8, 2001...Lowry Mays, Chairman and CEO of Clear Channel
Worldwide (NYSE:  CCU) and Barry Ackerley,  Chairman and Chief Executive Officer
of The Ackerley Group (NYSE: AK) announced today that the companies have entered
into a definitive  merger  agreement.  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 64 countries around the world.

Lowry Mays said:  "We are very excited to have The Ackerley Group join the Clear
Channel  family.  They have  assembled  a truly  unique  set of assets  with top
quality  personnel  that  will be a great  complement  to  Clear  Channel.  This
transaction allows Clear Channel to enter Boston, Seattle and Portland,  Oregon,
three of the top 25 U.S. outdoor advertising  markets.  Seattle is also a top 25
U.S.  radio  market  where we currently  have no  presence.  In  addition,  this
acquisition  enables us to offer our advertising  customers more  cross-platform
advertising opportunities,  because we have a radio station, outdoor advertising
operation  or live  entertainment  venue  presence in 15 of their 18  television
markets."

"Over the past 26 years,  The Ackerley  Group has  established a reputation  for
building  quality assets and a quality working  environment for employees," said
Barry Ackerley,  Chairman and CEO of The Ackerley  Group.  "We are proud of that
legacy and we are pleased to be part of this transaction in the best interest of
our shareholders."

The Ackerley Group currently operates over 6,000 outdoor displays in the Boston,
Seattle and Portland,  Oregon  metropolitan  markets. In addition to the outdoor
displays,  the Company also owns 16 television stations and provides programming
and sales for two other television stations, owns four radio stations,  provides
sales  and  other  services  to  one  additional   radio  station  and  operates
interactive news portals in three of its television markets.

The specific assets include:
Outdoor advertising:
-------------------
Boston (2,507 displays), Seattle (2,233) and Portland, Oregon (1,355).

Radio:
------
Seattle (KJR-AM, KBTB-FM, KUBE-FM, KHHO-AM and KFNK-FM).

Television:
-----------
In Alaska: Fairbanks (KTVF).  In British Columbia: Vancouver (KVOS).

In  California:   Bakersfield  (KGET),  Eureka  (KVIQ),  Fresno-Visalia  (KGPE),
Monterey-Salinas  (KCBA, KION), Santa Barbara-Santa Maria-San Luis Obispo (KCOY,
KKFX), Santa Rosa (KFTY). In New York:  Binghamton (WIVT,  WBGH), Elmira (WETM),
Rochester  (WOKR),  Syracuse (WIXT),  Utica (WUTR),  Waterton (WWTI). In Oregon:
Eugene     (KMTR).

Interactive Media:
-----------------
Bakersfield,    California    (iKnowBakersfield.com),    Rochester,   New   York
(iKnowRochester.com) and Monterey-Salinas, California (iKnowCentralCoast.com).

Under 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.  The  transaction  is expected to be  consummated
during the first quarter of 2002. The  transaction is subject to the approval of
the  stockholders of The Ackerley Group, the Federal  Communications  Commission
and the Department of Justice.

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 64 countries around the world.
Including  announced  transactions,  Clear Channel operates  approximately 1,220
radio and 19 television  stations in the United States and has equity  interests
in  over  240  radio  stations  internationally.  Clear  Channel  also  operates
approximately 770,000 outdoor advertising displays, including billboards, street
furniture and transit panels across the world.  Clear Channel  Entertainment  is
one of the world's largest  diversified  promoters,  producers and presenters of
live entertainment events and is a leading fully integrated sports marketing and
management company.


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