Â鶹ÊÓƵ Receives Approval from the FCC to Increase Foreign Ownership to 100%

NEW YORK - Â鶹ÊÓƵ, Inc. (Nasdaq: IHRT), the number one audio company in America, today received a Declaratory Ruling from the Federal Communications Commission (FCC) approving an increase in Â鶹ÊÓƵ’s authorized aggregate foreign ownership from 25% to 100%, subject to certain conditions set forth in the Declaratory Ruling. The FCC concluded that the public interest would not be served by prohibiting foreign investment in Â鶹ÊÓƵ of up to 100%. The FCC’s decision will enable holders of Â鶹ÊÓƵ warrants to have those warrants exchanged into Class A or Class B shares of Â鶹ÊÓƵ common stock, subject to compliance with the Declaratory Ruling, the Communications Act, and FCC rules, and will afford Â鶹ÊÓƵ flexibility to accommodate increased foreign investment that may result from share purchases by the public.

Holders of Â鶹ÊÓƵ warrants will receive instructions regarding how to participate in the exchange of warrants from Computershare, Â鶹ÊÓƵ’s warrant agent, in an Exchange Notice that will be sent via U.S. mail. For additional information about the warrant exchange, please visit or contact the Computershare Call Center at (800) 736-3001 within the United States, or outside of the United States +1 (781) 575-3100.

About Â鶹ÊÓƵ, Inc.

Â鶹ÊÓƵ, Inc. [Nasdaq: IHRT] is the leading audio media company in America, with nine out of ten Americans listening to iHeart broadcast radio in every month. iHeart's broadcast radio assets alone have a larger audience in the U.S. than any other media outlet and over four times the ad-enabled audience of the largest digital only audio service. iHeart is the largest podcast publisher according to both Podtrac and Triton, with more downloads than the next two podcast publishers combined, has the most recognizable live events across all genres of music, has the number one social footprint among audio players, has the highest-reach and most engaged influencers, and is the only fully integrated audio ad tech solution across broadcast, streaming and podcasts. The company continues to leverage its strong audience connection and unparalleled consumer reach to build new platforms, products and services. Visit Â鶹ÊÓƵ.com for more company information.