iHeartMedia and Darren Davis Announce Long-Term Contract To Extend His Role As President of iHeartMedia Networks Group

New York, NY – August 8, 2017 – iHeartMedia, the leading media company in America with a greater reach in the U.S. than any other radio or television outlet, announced today a four-year contract extension with radio and media veteran Darren Davis.  Davis will continue in his critical role as President of iHeartMedia Networks Group reporting to Bob Pittman, Chairman and Chief Executive Officer of iHeartMedia, Inc.
 
Under the new agreement, Davis will continue to oversee the success and close integration of the company's extensive multiplatform assets, including the iHeartRadio Network, Premiere Networks, Total Traffic + Weather Network, and the NBC News Radio Network, as well as iHeartMedia’s in-house audio and visual creative agency. Davis will also continue as President of iHeartRadio, iHeartMedia’s all-in-one digital music, podcasting and live streaming radio platform - the fastest growing digital audio service in the U.S. that offers users thousands of live radio stations, personalized custom artist stations created by just one song or seed artist and the top podcasts and personalities. With over a billion downloads, iHeartRadio reached 100 million registered users this year, and continues to reach user milestones at a rate faster than any other radio or digital music service.  
 
Davis oversaw the launch of ‘iHeartRadio Plus’ and ‘iHeartRadio All Access’ on demand services powered by Napster in January 2017, which revolutionized the live radio experience. While 73 percent of consumers, which include users of on demand music services, continually cite radio as their primary source of music discovery, iHeartRadio’s on demand services allow listeners to bridge the divide between music discovery and music collecting by seamlessly incorporating true interactivity into the radio listening experience through a variety of features.
 
“We’re pleased that Darren will continue to lead the integration of our Networks group that enables iHeartMedia to harness the unparalleled power, reach and scale of our digital and broadcast platforms,” said Pittman. “His twenty-five-years of experience working in every facet of iHeartMedia means he has a unique understanding of every aspect of our company -- from our broadcast radio stations and iHeartRadio to our sales teams and partnerships, and how they can all work together to best serve our consumers, partners, affiliates and advertisers.”
 
“Since I was a kid, I knew I’d spend my life in radio,” said Davis. “I’ve seen a lot in the last twenty-five years as iHeartMedia has expanded into multiple platforms like the industry-leading iHeartRadio. There isn’t a day that goes by where I’m not amazed by iHeartMedia’s evolution, which is built on broadcast radio — my first love — and now provides one-of-a-kind programming, entertainment and opportunities to connect our advertising partners across our unparalleled range of multiple platforms in ways that no other company can. I’m thrilled to be continuing this journey.”  
 
Davis began his career in 1992 as an intern at iHeartMedia’s Adult Contemporary WASH-FM in Washington, DC, and celebrates his 25th anniversary with the company next month. He was named to the Program Director role at WASH-FM when he was just 23 years old and has since worked as Regional Vice President of Programming for iHeartMedia Detroit and Chicago, Senior Vice President of Programming and Executive Vice President and General Manager of National Programming before being named to his current position in 2014.  Davis also built and managed the Premium Choice national network and worked to develop iHeartMedia's strategic national programming capabilities.
 
Davis currently serves on the boards of the Radio Advertising Bureau and the New Jersey Broadcasters Association; is a member of the National Association of Broadcasters’ Digital Officer Committee; and is a perennial presence on Billboard’s Digital Power Players list and Radio Ink’s 40 Most Powerful People in Radio list. He is a graduate of The George Washington University.

About iHeartMedia, Inc.

iHeartMedia (NASDAQ: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups.

With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company’s live and virtual events business. It also includes Premiere Networks, the industry’s largest Networks business, with its Total Traffic and Weather Network (TTWN); and BIN: Black Information Network, the first and only 24/7 national and local all news audio service for the Black community. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio suite of data targeting and attribution products using data from its massive consumer base.

The iHeartMedia Digital Audio Group includes the company’s fast-growing podcasting business -- iHeartMedia is the number one podcast publisher in downloads, unique listeners, revenue and earnings -- as well as its industry-leading iHeartRadio digital service, available across more than 250 platforms and 2,000 devices; the company’s digital sites, newsletters, digital services and programs; its digital advertising technology companies; and its audio industry-leading social media footprint.

The company’s Audio & Media Services reportable segment includes Katz Media Group, the nation’s largest media representation company, and RCS, the world's leading provider of broadcast and webcast software.

Visit iHeartMedia.com for more company information.