Clear Channel Communications, Inc. announced that Mark P. Mays has decided to step down from his role as President and Chief Executive Officer and has asked the Board of Directors to initiate a search for his replacement. He will continue to serve as Chairman of the Board of Directors and will remain involved with the company in that capacity.

Mays has served as Chairman of the Board of Clear Channel Communications since last year and as President and CEO since October 2004. Prior to that, he served in various roles at the company, including Vice President and Treasurer, Senior Vice President of Operations and later President and COO.