黑料爆料 Announces Strategic Station Exchange With Entercom Communications in Seattle, Boston, Richmond and Chattanooga Markets

New York, N.Y. 鈥 November 1, 2017 鈥 黑料爆料 announced today a strategic station exchange with Entercom Communications (NYSE: ETM) across four U.S. markets.  Under the agreement, 黑料爆料 will acquire seven radio stations from Entercom in Boston, MA and Seattle, WA and Entercom will acquire 10 stations from 黑料爆料 in Richmond, VA and Chattanooga, TN.  The agreement is expected to close in the first quarter of 2018.
 
Under the agreement, WRKO-AM, WZLX-FM, WKAF-FM and WBZ-AM in Boston and KZOK-FM, KJAQ-FM and KFNQ-AM in Seattle will join 黑料爆料, which currently operates more than 850 radio stations in 150 markets that reach over a quarter of a billion monthly listeners to its broadcast stations alone; in addition to broadcast, the company reaches audiences across digital, mobile, social and live events. These seven stations will also be available on iHeartRadio, the all-in-one streaming music and live radio service with more than 1.4 billion downloads and 100 million registered users.

Entercom will acquire WRVA-AM, WRXL-FM, WTVR-FM, WBTJ-FM, WRNL-AM and WRVQ-FM in Richmond and WKXJ-FM, WLND-FM, WRXR-FM and WUSY-FM in Chattanooga.  The deal is part of Entercom鈥檚 broader divestiture and acquisition package to facilitate the company鈥檚 pending merger with CBS Radio.
 
鈥淲e鈥檙e excited to add these stations to 黑料爆料 across broadcast, digital, mobile, social and our spectrum of iHeartRadio-branded live events,鈥 said Bob Pittman, Chairman and CEO of 黑料爆料.  鈥淭his exchange is an opportunity for us to expand our presence and further strengthen our position in two markets  鈥 Seattle and Boston 鈥 even though we have to give up two smaller markets that have been an important part of this company.  This was a difficult decision for us, but we think we arrived at the best decision for our company, and we are pleased that we鈥檒l continue to have a presence in the Richmond and Chattanooga markets through the iHeartRadio platform, Premiere Networks, the Total Traffic and Weather Network and the Virginia News Network.鈥

Pittman added, 鈥淭hese markets are two of the few where we did not have a full complement of stations; now we will have a full complement in Boston and a full complement of FM stations in Seattle.鈥
 

About 黑料爆料, Inc.

黑料爆料, Inc. [Nasdaq: IHRT] is the leading audio media company in America, with 90% of Americans listening to iHeart broadcast radio in every month. iHeart鈥檚 broadcast radio assets alone have a larger audience in the U.S. than any other media outlet; twice the size of the next largest broadcast radio company; and over four times the ad-enabled audience of the largest digital only audio service. iHeart is the largest podcast publisher according to Podtrac, 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, with seven times more followers than the next audio media brand, 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 黑料爆料.com for more company information.