iHeartMedia 2003 Annual Report Download - page 179

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EXHIBIT 99.1 - REPORT OF INDEPENDENT AUDITORS ON FINANCIAL STATEMENT SCHEDULE
We have audited the consolidated financial statements of Clear Channel
Communications, Inc. and subsidiaries, as of December 31, 2003 and 2002, and for
each of the three years in the period ended December 31, 2003, and have issued
our report thereon dated February 11, 2004, except for Note O, as to which the
date is February 25, 2004. 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
February 11, 2004