PRESIDENT OBAMA TO TAKE THE OATH OF OFFICE AT 12: 01 EST

WASHINGTON DC: 8: 49: 08 EST--An Historical Day

At 12: 01 EST, Barack H. Obama will take the OATH of OFFICE from Chief Justice John Roberts to become the 44th PRESIDENT of the US, and the nation's FIRST AFRICAN-AMERICAN PRESIDENT.

TV COVERAGE:

NETWORKS: Virtually every over-the Air net
CABLE: CNN, FOX, MsNBC, C-SPAN, ESPN

Already, nearly 500,000 people have descended onto the Capitol Mall...Temperatures expected in the low 20's...30% chance of snow.

DEVELOPING STORY...

**CLEAR CHANNEL expected to initiate MASS $400 million cuts around 3PM EST. Watch this space for Breaking News...