JULY 2014 TOP 20 RANKER

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JULY 2014 TOP 20 RANKER Webcast Metrics by Triton Digital www.tritondigital.com measurement@tritondigital.com United States Canada Europe Latin America Middle East

Insights & Trends Monthly Insights Compared to July 2013, July 2014 Average Active Sessions (AAS) grew significantly in both the M-F 6A-8P daypart (20.7%) and the M-SU 6A-Midnight daypart (22.3%). Mobile Growth When comparing July 2014 to July 2013, Mobile listening saw a 37.2% increase during the M-F 6A-8P daypart and a 35.8% increase during M-SU 6A-Midnight daypart. 37.2% INCREASE IN MOBILE AAS JULY 2014 VS. JULY 2013 (M-F 6A-8P) 35.8% INCREASE IN MOBILE AAS JULY 2014 VS. JULY 2013 (M-SU 6A-MID) Audio Consumption During the M-F 6A-8P daypart, mobile devices made up 68% of AAS with 37% of that listening taking place on ios, and 31% taking place on Android. This is up from 62% in June. M-F 6A-8P Internet Explorer 5% Firefox Browser 2% Flash Player 4% Google Chrome 7% ios 37% *Other 14% Android 31% *The category Other consists of devices, types and browsers that are less than 2% of total audio consumption and audio consumption that cannot be classified. Average Active Sessions (AAS) is the average number of listeners (with duration of at least one minute) during the daypart/time period. www.tritondigital.com measurement@tritondigital.com United States Canada Europe Latin America Middle East

Insights & Trends Listening by Market Looking at the top 20 markets, Cleveland showed the largest listening gain with a 22.2% increase in AAS, followed by San Francisco, Los Angeles, Dallas-Forth Worth and Houston. The gain in the Cleveland market could be attributed to the announcement that Lebron James was returning to the Cleveland Cavaliers, as well as the the media coverage of Johnny Manziel during the Cleveland Browns football camp. AAS for MS: 6a-Midnight was double for July vs. June in the Cleveland market (Sports format). 22.2% 9.1% 4.8% 3.6% 1.8% Cleveland San Francisco Los Angeles Dallas-Fort Worth Houston Listening by Format The Urban Contemporary format showed the largest listening gains with a 19.6% increase in AAS (M-SU 6A-Midnight), followed by Sports, Top 40 (CHR), News/Talk, Classic Hits and Country. 19.6% 7.2% 6.8% 2.4% 1.1% 0.8% Urban Contemporary Sports Top 40 (CHR) News/Talk Classic Hits Country Average Active Sessions (AAS) is the average number of listeners (with duration of at least one minute) during the daypart/time period. www.tritondigital.com measurement@tritondigital.com United States Canada Europe Latin America Middle East

July Digital Audio Top 20 Ranker Learn More Contact a Triton representative today. Methodology For more information on measurement collection and limitations, download our Description of Methodology. Join Our Email List Join our mailing list and get the Top 20 Rankers on a monthly basis. Triton Digital has released its monthly digital audio Top 20 Ranker for July 2014. The Ranker is a listing of the top-performing digital audio stations and networks measured by the Webcast Metrics audience measurement platform. Webcast Metrics uses a proprietary platform to track audience data and convert it to audience metrics that can be easily understood by stations, publishers and advertisers. Audience rankings are done on the basis of Average Active Sessions, with "Session Starts" and Average Time Spent Listening also displayed. Average Active Sessions (AAS) is defined as Total Listening Hours (TLH) divided by hours in the reported time period. TLH is defined as the total number of hours that the station/publisher has streamed during sessions with duration of at least one minute in total within the reported time period. Session Starts (SS) is defined as the number of different requests for streams (i.e., stream requests) with a duration of at least one minute in total within the reported time period. Average Time Spent Listening (ATSL) is defined as the average number of hours for each session with a duration of at least one minute in total within the reported time period. Calculated as total time spent listening divided by active sessions. Rankers are divided into Domestic and All Streams. The Domestic Ranker quantifies listening done inside the U.S. based on log-based information provided by the station, this report is not MRC accredited. The All Streams Ranker merely verifies the quantity of streams without qualifying where they are being consumed, and is MRC accredited. For more information on measurement collection and limitations, please view the Triton Description of Methodology available at: www.tritondigital.com/media/default/rankers/triton-digital-methodology.pdf If you have any further questions, please contact: measurement@tritondigital.com See July rankings below:

JULY DOMESTIC RANKER (based on AAS) DAYPART 6:00am to 8:00pm, Monday through Friday Station Average Active Sessions Session Starts Average Time Spent Listening Katz Digital Audio 437,886 212,649,863 0.65 1 Pandora Corporate 2,122,685 1,106,905,524 0.61 2 Clear Channel Radio 1 323,477 170,743,496 0.60 3 Slacker, Inc. 58,895 39,271,834 0.48 4 Cumulus Streaming Network 52,830 20,772,005 0.80 5 CBS Radio Inc. 52,800 19,827,949 0.84 6 NPR Member Stations 44,934 15,499,998 0.89 7 ESPN Radio Corporate 29,565 15,657,629 0.60 8 Cox Radio Inc. 23,562 8,227,446 0.90 9 EMF Corporate 21,692 4,885,826 1.40 10 Entercom Communications Corp. 19,256 7,831,410 0.78 11 Univision 17,538 10,425,996 0.53 12 idobi Radio 16,372 2,395,022 1.97 13 Greater Media Corporate 13,316 4,152,018 1.01 14 Townsquare Media 11,730 2,423,513 1.52 15 Salem Communications 10,231 3,612,127 0.88 16 Hubbard Broadcasting 8,306 2,198,992 1.19 17 New York Public Radio 7,834 2,496,413 0.96 18 AccuRadio 6,551 888,820 2.32 19 Beasley Broadcasting Corporate 5,376 2,173,974 0.78 20 Prisa Radio 4,844 2,942,742 0.52 Average Active Sessions (AAS): Total Listening Hours (TLH) divided by hours in the reported time period. TLH is defined as the total number of hours that the station/publisher has streamed during sessions with a duration of at least one minute in total within the reported time period. Session Starts (SS): The number of different requests for streams (i.e., stream requests) with a duration of at least one minute in total within the reported time period. Average Time Spent Listening (ATSL): The average number of hours for each session with a duration of at least one minute in total within the reported time period. Calculated as total time spent listening divided by active sessions. Note: Ranker data only includes clients that participate for the full month for which the ranker is being released These groups are part of Katz Digital Audio 1 Clear Channel Radio includes TheBlaze Radio Network

JULY ALL STREAMS RANKER (based on AAS)¹ DAYPART 6:00am to 8:00pm, Monday through Friday Station Average Active Sessions Session Starts Average Time Spent Listening Katz Digital Audio 476,363 223,773,864 0.67 1 Clear Channel Radio 2 341,620 175,526,606 0.62 2 Prisa Radio 90,432 38,983,167 0.72 3 Slacker, Inc. 64,565 42,090,901 0.49 4 Cumulus Streaming Network 54,375 21,327,587 0.80 5 CBS Radio Inc. 53,190 19,999,713 0.84 6 NPR Member Stations 49,315 17,351,405 0.87 7 ESPN Radio Corporate 30,576 16,220,500 0.60 8 Karnaval.com 29,152 12,887,371 0.66 9 EMF Corporate 27,251 5,951,632 1.44 10 Cox Radio Inc. 23,653 8,266,424 0.90 11 idobi Radio 20,585 3,123,385 1.90 12 Entercom Communications Corp. 19,711 8,010,393 0.78 13 Univision 18,624 10,765,328 0.55 14 Greater Media Corporate 13,931 4,353,263 1.01 15 AccuRadio 13,204 1,990,883 2.00 16 Sky Radio B.V. 12,891 1,976,096 1.63 17 Townsquare Media 12,373 2,609,470 1.49 18 977Music.com Corporate 10,537 4,163,191 0.78 19 Salem Communications 10,454 3,703,003 0.88 20 Hubbard Broadcasting 9,006 2,531,617 1.12 Average Active Sessions (AAS): Total Listening Hours (TLH) divided by hours in the reported time period. TLH is defined as the total number of hours that the station/publisher has streamed during sessions with a duration of at least one minute in total within the reported time period. Session Starts (SS): The number of different requests for streams (i.e., stream requests) with a duration of at least one minute in total within the reported time period. Average Time Spent Listening (ATSL): The average number of hours for each session with a duration of at least one minute in total within the reported time period. Calculated as total time spent listening divided by active sessions. Note: Ranker data only includes clients that participate for the full month for which the ranker is being released 1 July All Streams Ranker does not include Pandora Corporate These groups are part of Katz Digital Audio 2 Clear Channel Radio includes TheBlaze Radio Network

JULY DOMESTIC RANKER (based on AAS) DAYPART 6:00am to 12:00am, Monday through Sunday Station Average Active Sessions Session Starts Average Time Spent Listening Katz Digital Audio 318,408 285,305,896 0.61 1 Pandora Corporate 1,838,969 1,710,234,889 0.59 2 Clear Channel Radio 1 240,549 233,798,971 0.57 3 Slacker, Inc. 50,573 63,139,166 0.44 4 CBS Radio Inc. 36,265 24,318,477 0.81 5 Cumulus Streaming Network 36,258 25,378,802 0.78 6 NPR Member Stations 35,571 21,401,985 0.89 7 ESPN Radio Corporate 19,650 18,293,487 0.59 8 idobi Radio 16,554 4,208,769 2.01 9 Cox Radio Inc. 16,289 10,261,113 0.87 10 EMF Corporate 15,167 6,545,128 1.27 11 Entercom Communications Corp. 12,627 9,067,885 0.76 12 Univision 12,618 13,500,939 0.51 13 Greater Media Corporate 8,893 5,003,720 0.98 14 Townsquare Media 7,760 2,870,435 1.48 15 Salem Communications 7,096 4,400,850 0.88 16 New York Public Radio 6,078 3,310,231 0.98 17 Hubbard Broadcasting 5,334 2,515,732 1.16 18 AccuRadio 4,576 1,147,953 2.18 19 Beasley Broadcasting Corporate 3,785 2,872,765 0.73 20 Prisa Radio 3,444 3,686,946 0.51 Average Active Sessions (AAS): Total Listening Hours (TLH) divided by hours in the reported time period. TLH is defined as the total number of hours that the station/publisher has streamed during sessions with a duration of at least one minute in total within the reported time period. Session Starts (SS): The number of different requests for streams (i.e., stream requests) with a duration of at least one minute in total within the reported time period. Average Time Spent Listening (ATSL): The average number of hours for each session with a duration of at least one minute in total within the reported time period. Calculated as total time spent listening divided by active sessions. Note: Ranker data only includes clients that participate for the full month for which the ranker is being released These groups are part of Katz Digital Audio 1 Clear Channel Radio includes TheBlaze Radio Network

JULY ALL STREAMS RANKER (based on AAS)¹ DAYPART 6:00am to 12:00am, Monday through Sunday Station Average Active Sessions Session Starts Average Time Spent Listening Katz Digital Audio 348,021 301,255,295 0.63 1 Clear Channel Radio 2 253,318 240,157,939 0.58 2 Prisa Radio 64,014 49,381,338 0.70 3 Slacker, Inc. 55,655 67,589,329 0.46 4 NPR Member Stations 39,568 24,420,734 0.87 5 Cumulus Streaming Network 37,596 26,314,190 0.78 6 CBS Radio Inc. 36,606 24,587,325 0.81 7 Karnaval.com 22,916 18,670,410 0.63 8 idobi Radio 20,791 5,428,107 1.96 9 ESPN Radio Corporate 20,424 19,069,533 0.59 10 EMF Corporate 19,047 7,927,011 1.31 11 Cox Radio Inc. 16,362 10,316,961 0.87 12 Univision 13,312 13,887,470 0.53 13 Entercom Communications Corp. 12,973 9,310,340 0.76 14 AccuRadio 10,056 2,803,873 1.90 15 Sky Radio B.V. 9,851 2,744,502 1.62 16 Greater Media Corporate 9,376 5,297,720 0.97 17 977Music.com Corporate 9,029 6,458,955 0.75 18 Townsquare Media 8,276 3,163,524 1.43 19 Salem Communications 7,295 4,560,669 0.87 20 New York Public Radio 6,668 3,926,527 0.91 Average Active Sessions (AAS): Total Listening Hours (TLH) divided by hours in the reported time period. TLH is defined as the total number of hours that the station/publisher has streamed during sessions with a duration of at least one minute in total within the reported time period. Session Starts (SS): The number of different requests for streams (i.e., stream requests) with a duration of at least one minute in total within the reported time period. Average Time Spent Listening (ATSL): The average number of hours for each session with a duration of at least one minute in total within the reported time period. Calculated as total time spent listening divided by active sessions. Note: Ranker data only includes clients that participate for the full month for which the ranker is being released 1 July All Streams Ranker does not include Pandora Corporate These groups are part of Katz Digital Audio 2 Clear Channel Radio includes TheBlaze Radio Network