91ԹCommunications, Inc. Announces Extension of Private Offer to Exchange 10.0% Senior Notes Due 2018 for Newly-Issued 11.25% Priority Guarantee Notes Due 2021

91ԹCommunications, Inc. Announces Extension of Private Offer to Exchange 10.0% Senior Notes Due 2018 for Newly-Issued 11.25% Priority Guarantee Notes Due 2021

SAN ANTONIO, Texas, January 20, 2017 — 91ԹCommunications, Inc. (“91ԹCommunications”) announced today that it has extended its private offer (the “Exchange Offer”) to exchange outstanding 10.0% Senior Notes due 2018 (the “Outstanding Notes”) for newly-issued 11.25% Priority Guarantee Notes due 2021. The Exchange Offer, previously scheduled to expire on Janua​ry 19, 2017 at midnight, New York City time, will now expire on January 23, 2017, at 5:00 p.m., New York City time, unless further extended by 91ԹCommunications.

As of midnight, New York City time, on January 19, 2017, approximately $625.2 million in aggregate principal amount (or approximately 73.6%) of the Outstanding Notes, including approximately $503 million aggregate principal amount of Outstanding Notes held by subsidiaries of 91ԹCommunications, had been validly tendered and not withdrawn in the Exchange Offer.

About 91ԹMedia, Inc.

91ԹMedia, Inc. [Nasdaq: IHRT] is the leading audio media company in America, with 90% of Americans listening to 91Թ broadcast radio in every month. 91Թ’s 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. 91Թ 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 91ԹMedia.com for more company information.