Clear Channel Radio and Cumulus Media Join to Bring Consumers More Choice for Digital Radio and Daily Deals

NEW YORK & ATLANTA--(BUSINESS WIRE)--Clear Channel Radio, the leading media company in America with a greater reach than any other radio or television outlet, and Cumulus Media Inc. (NASDAQ: CMLS), the largest pure-play radio broadcaster in the United States, today announced an agreement that will extend both companies’ digital reach and benefit consumers by offering them more choice, more value and a more comprehensive experience both digitally and locally.

“Also, an important part of this announcement is our decision to stream Cumulus’ 570 radio stations on Clear Channel’s dynamic New iHeartRadio platform. It’s a best-in-class technology platform that will extend our reach to people across the country who will be able to listen to our great brands anytime, anywhere.”

Under the agreement, the 570 Cumulus radio stations in 120 markets will be available on the New iHeartRadio platform wherever it is offered, including the Web, mobile devices and automobile. Clear Channel Radio will also advertise daily deals from Cumulus Media’s SweetJack, the rapidly growing deals platform that provides local merchants – including the best restaurants, spas, salons, stores and venues – the promotional power of radio.

The New iHeartRadio is Clear Channel’s free, industry-leading digital radio service that offers more than 800 broadcast and digital-only radio stations from 150 cities plus the ability to create custom radio stations, delivering listeners everything they want in one fully integrated service. While Cumulus will continue to stream its stations on its own station websites and mobile apps, the New iHeartRadio platform will serve as the sole digital aggregator for Cumulus stations, which will all advertise iHeartRadio on-air and feature a link to iHeartRadio on all their websites.

Created by Cumulus just this past April, SweetJack’s daily deals platform has already grown its user base to more than one million members in sixteen markets. Significant national expansion will continue in 2012, offering consumers savings of up to 85% through the Web, email links or smartphones. This agreement means that SweetJack’s national radio daily deals platform will be powered by advertising on almost 1,400 radio stations and station websites across the country. SweetJack is available at www.SweetJack.com and the iPhone, iPad and iPod Touch as well as through Cumulus radio station websites.

“The fact that Cumulus chose iHeartRadio as the digital platform for all of its radio stations underscores how quickly the New iHeartRadio has become the digital destination of choice to give listeners the best and most complete online radio experience,” said Bob Pittman, CEO of Clear Channel. He added, “Radio connects local businesses to consumers like no other medium can, and we’re looking forward to helping our listeners find even more great deals right in their own backyards with SweetJack.”

“SweetJack is our exciting new social commerce platform. It’s a break-through brand in a sea of sameness that’s fueled by the power of radio to connect local merchants with consumers. This agreement with Clear Channel enables us to scale SweetJack into a true nationwide platform which we believe is essential to competing successfully in this rapidly growing space,” said Lew Dickey, CEO of Cumulus Media. “Also, an important part of this announcement is our decision to stream Cumulus’ 570 radio stations on Clear Channel’s dynamic New iHeartRadio platform. It’s a best-in-class technology platform that will extend our reach to people across the country who will be able to listen to our great brands anytime, anywhere.”

“We are always deeply committed to delivering value to both our listeners and to merchants in our stations’ local communities, and we look forward to advertising SweetJack’s terrific daily deals,” said John Hogan, President and CEO of Clear Channel Radio. “We’re also glad that Cumulus chose to come to Clear Channel to extend the reach of SweetJack.”

iHeartRadio is the number one free broadcast radio app on the iPhone and Android. With Clear Channel’s 65 million digital listening hours a month, 44 million downloads of iHeartRadio mobile apps and more than 12 million fans across Clear Channel stations and their radio personality Facebook pages, Clear Channel continues to be one of the most popular digital music destinations.

The New iHeartRadio is available at iHeartRadio.com and the iPhone, iPad, iPod Touch and Android.

About Clear Channel Radio

With 238 million monthly listeners in the U.S., Clear Channel Radio has the largest reach of any radio or television outlet in America. Clear Channel Radio serves 150 cities through 850 owned radio stations. The company’s radio stations and content can be heard on AM/FM stations, HD digital radio channels, Sirius/XM satellite, on the Internet at iHeartRadio.com and on the company’s radio station websites, on the iHeartRadio mobile application on iPads and smartphones, and used via navigation systems from TomTom, Garmin and others. The company’s operations include radio broadcasting, online and mobile services and products, syndication, music research services and independent media representation. Clear Channel Radio is a division of CC Media Holdings, Inc. (OTCBB: CCMO), a leading global media and entertainment company. More information on the company can be found at www.clearchannel.com and www.ccmediaholdings.com.

About Cumulus Media

Cumulus Media (NASDAQ: CMLS) is the largest pure-play radio broadcaster in the United States with 570 stations in 120 U.S. cities and a fully-distributed network serving over 4,500 affiliates nationwide. Our radio and digital brands target numerous large and demographically-distinct audiences in each of these markets. Cumulus strives to create the next generation radio broadcasting enterprise, based on great people and technological excellence that will provide high quality, local programming choices for Cumulus listeners, targeted audiences with disposable income and buying preferences for its advertisers, challenging career environments for its employees and value opportunities for its shareholders. For more information, visit cumulus.com and www.sweetjack.com.

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