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SAN ANTONIO, Texas, January 20, 2017 — iHeartCommunications, Inc. (“iHeartCommunications”) 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 iHeartCommunications.

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principal amount of Outstanding Notes held by subsidiaries of iHeartCommunications, had been validly tendered and not withdrawn in the Exchange Offer.