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San Antonio, TX – March 22, 2019 – ����������Ƶ, Inc. (PINK: IHRTQ)(the “Company”) today announced that it is evaluating potential paths to achieve its listing following emergence from its restructuring process in the second quarter of this year.

As previously announced, pursuant to its Plan of Reorganization ����������Ƶ is required to use reasonable best efforts to obtain listing of the Company’s Class A common stock on a recognized U.S. stock exchange following the completion of its restructuring process. Potential alternative paths to achieving that objective for the Company’s Class A common stock include a direct listing on a recognized U.S. stock exchange or an initial public offering. The company is currently in the process of evaluating all such potential paths.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Forward-Looking Statements

This press release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as “may,” “will,” “expect,” “believe,” “would,” “estimate,” “continue,” or “future,” or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, the proposed restructuring of ����������Ƶ, timing to exit Chapter 11 and to list the Company’s Class A common stock and the means by which the company may do so, and other future outcomes. These forward-looking statements are based on current expectations and projections about future events and will depend on future market conditions and other factors beyond the Company’s control. Investors are cautioned that forward-looking statements are not guarantees of future results and involve risks and uncertainties that cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forwardlooking statements.

Contacts:

Wendy Goldberg
EVP and Chief Communications Officer
����������Ƶ, Inc.
(212) 377-1105
WendyGoldberg@iheartmedia.com

Eileen McLaughlin
Vice President Investor Relations
����������Ƶ.
212.377.1116
EileenMcLaughlin@iheartmedia.com