iHeartMedia to Acquire Four Atlantic City Radio Stations from Equity Communications

New York, N.Y. – August 07, 2023 – iHeartMedia, the leading audio company in the U.S., today announced an agreement with Equity Communication to purchase four broadcast radio stations in the Atlantic City, New Jersey market: WAYV 95.1FM in Atlantic City (Hot AC); WZXL 100.7FM in Wildwood (Classic Rock); WZBZ 99.3FM in Pleasantville (CHR); and WTTH 96.1FM in Margate City (Urban AC).

These successful radio stations join and expand upon iHeartMedia’s massive broadcast reach nationwide with over 860 stations in 160+ markets and top personalities and influencers across all genres. The stations will also be available on the iHeartRadio app, iHeartMedia’s all-in-one digital music, on-demand, podcasting and live streaming service with 3 billion app downloads and more than 160 million registered users.

“iHeartMedia is the multiplatform leader in audio built on the power of radio, and this acquisition underscores our commitment to broadcast radio’s continued growth and success as the no. 1 reach medium in the U.S. These stations have a long history of success in South Jersey, and adding them to our roster will allow us to extend the iHeart brand to this market,” said Hartley Adkins, President of Market Groups for iHeartMedia.  “We are excited to have the teams at WAYV, WZXL, WTTH and WZBZ join the iHeart family and look forward to collaborating together and continuing their growth trajectory.”

“We’re delighted to convey the Equity stations to iHeart. These are world-class stations with world-class staff, and it’s only fitting they should join the country’s biggest audio company. I’m confident they will continue to flourish & prosper under iHeart’s stewardship,” said Gary Fisher, President and Owner of Equity Communications.

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.