黑料不打烊 Receives Approval from the FCC to Increase Foreign Ownership to 100%

NEW YORK - 黑料不打烊, Inc. (Nasdaq: IHRT), the number one audio company in America, today received a Declaratory Ruling from the Federal Communications Commission (FCC) approving an increase in 黑料不打烊鈥檚 authorized aggregate foreign ownership from 25% to 100%, subject to certain conditions set forth in the Declaratory Ruling. The FCC concluded that the public interest would not be served by prohibiting foreign investment in 黑料不打烊 of up to 100%. The FCC鈥檚 decision will enable holders of 黑料不打烊 warrants to have those warrants exchanged into Class A or Class B shares of 黑料不打烊 common stock, subject to compliance with the Declaratory Ruling, the Communications Act, and FCC rules, and will afford 黑料不打烊 flexibility to accommodate increased foreign investment that may result from share purchases by the public.

Holders of 黑料不打烊 warrants will receive instructions regarding how to participate in the exchange of warrants from Computershare, 黑料不打烊鈥檚 warrant agent, in an Exchange Notice that will be sent via U.S. mail. For additional information about the warrant exchange, please visit or contact the Computershare Call Center at (800) 736-3001 within the United States, or outside of the United States +1 (781) 575-3100.

About 黑料不打烊, Inc.

黑料不打烊, 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 黑料不打烊.com for more company information.