MARCH 2014 TOP 20 RANKER

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MARCH 2014 TOP 20 RANKER Webcast Metrics by Triton Digital May 6, 2014 www.tritondigital.com measurement@tritondigital.com United States Canada Europe Latin America

Insights & Trends March Shows Modest Increase in Listening Compared to February, March Average Active Sessions (AAS) showed a modest increase in both the Monday-Friday 6A-8P daypart and the Monday-Sunday 6A-Midnight daypart. 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 2.3% M-F, 6A-8P 1.2% M-SU, 6A-Midnight Mobile Listening Continues to Rise Mobile listening in the M-F 6A-8P daypart continued to rise for both pureplay and terrestrial publishers. 6.1% INCREASE IN TERRESTRIAL AAS MOBILE LISTENING (M-F 6A-8P) 4.1% INCREASE IN PUREPLAY AAS MOBILE LISTENING (M-F 6A-8P) Taking a Closer Look Looking at AAS growth by format, the Sports format saw a 7.6% increase in AAS (M-F 6A-8P) when compared to the month prior, likely in part to College basketball s March Madness. 7.6% 5.0% 4.5% 4.4% When looking at the top markets, the three big sports towns of Philadelphia, Boston and New York showed the largest gains. Philadelphia saw a 13.6% increase in AAS (M-F 6A-8P), followed by Boston (12%) and New York (11.1%). 2.8% Sports News/Talk Classic Hits Classic Rock Adult Contemporary 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

March 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 March 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 March rankings below:

MARCH DOMESTIC RANKER (based on AAS) DAYPART 6:00am to 8:00pm, Monday through Friday Katz Digital Audio 453,504 187,064,600 0.70 1 Pandora Corporate 2,153,986 1,033,684,623 0.60 2 Clear Channel Radio 327,787 145,203,165 0.65 3 CBS Radio Inc. 64,425 21,374,001 0.87 4 Slacker, Inc. 61,554 28,039,030 0.64 5 Cumulus Streaming Network 59,856 19,940,986 0.86 6 NPR Member Stations 51,620 15,229,515 0.94 7 EMF Corporate 29,025 5,553,726 1.50 8 Cox Radio Inc. 25,145 7,864,187 0.92 9 ESPN Radio Corporate 24,933 10,172,214 0.71 10 Entercom Communications Corp. 23,296 8,684,204 0.77 11 Univision 19,770 11,388,414 0.50 12 idobi Radio 15,997 2,170,714 1.94 13 Greater Media Corporate 14,227 3,759,964 1.09 14 Townsquare Media 13,119 2,433,417 1.54 15 Salem Communications 10,459 3,147,967 0.95 16 Hubbard Broadcasting 9,616 2,329,863 1.18 17 New York Public Radio 9,490 2,449,049 1.08 18 AccuRadio 6,463 817,407 2.27 19 Beasley Broadcasting Corporate 5,537 1,942,549 0.83 20 Prisa Radio 5,469 2,983,487 0.53 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.

MARCH ALL STREAMS RANKER (based on AAS)¹ DAYPART 6:00am to 8:00pm, Monday through Friday Katz Digital Audio 479,909 195,529,260 0.71 1 Clear Channel Radio 330,440 146,821,571 0.65 2 Prisa Radio 102,810 40,401,975 0.72 3 Slacker, Inc. 67,246 30,541,789 0.64 4 CBS Radio Inc. 65,262 21,650,537 0.86 5 Cumulus Streaming Network 61,448 20,394,440 0.86 6 NPR Member Stations 56,587 16,951,820 0.93 7 Karnaval.com 32,911 13,645,528 0.65 8 EMF Corporate 30,981 6,136,342 1.44 9 ESPN Radio Corporate 25,951 10,604,557 0.71 10 Cox Radio Inc. 25,252 7,903,884 0.92 11 Entercom Communications Corp. 23,830 8,868,665 0.78 12 Univision 21,095 11,764,253 0.52 13 idobi Radio 20,145 2,831,870 1.88 14 Sky Radio B.V. 17,032 2,439,373 1.63 15 Greater Media Corporate 14,896 3,963,740 1.08 16 Townsquare Media 13,730 2,589,736 1.51 17 AccuRadio 13,583 1,863,227 2.01 18 COPE 13,410 4,970,192 0.70 19 977Music.com Corporate 12,208 4,477,371 0.77 20 Salem Communications 10,692 3,222,089 0.94 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. 1 March All Streams Ranker does not include Pandora Corporate

MARCH DOMESTIC RANKER (based on AAS) DAYPART 6:00am to 12:00am, Monday through Sunday Katz Digital Audio 308,964 262,194,182 0.65 1 Pandora Corporate 1,866,659 1,730,067,293 0.60 2 Clear Channel Radio 227,848 208,029,692 0.60 3 Slacker, Inc. 50,296 46,921,104 0.59 4 CBS Radio Inc. 41,795 27,309,833 0.84 5 NPR Member Stations 39,658 22,417,921 0.95 6 Cumulus Streaming Network 38,554 25,026,460 0.84 7 EMF Corporate 19,187 7,830,964 1.34 8 Cox Radio Inc. 16,368 10,196,821 0.88 9 idobi Radio 16,348 4,247,754 1.98 10 ESPN Radio Corporate 15,058 11,715,135 0.71 11 Entercom Communications Corp. 14,435 10,529,306 0.75 12 Univision 13,957 15,884,256 0.48 13 Greater Media Corporate 8,857 4,615,336 1.05 14 Townsquare Media 8,212 3,056,928 1.47 15 New York Public Radio 7,119 3,488,591 1.09 16 Salem Communications 6,868 4,003,167 0.93 17 Hubbard Broadcasting 5,852 2,827,022 1.13 18 AccuRadio 4,308 1,091,783 2.16 19 Prisa Radio 3,735 3,954,170 0.52 20 Beasley Broadcasting Corporate 3,697 2,764,980 0.74 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.

MARCH ALL STREAMS RANKER (based on AAS)¹ DAYPART 6:00am to 12:00am, Monday through Sunday Katz Digital Audio 330,735 276,254,308 0.66 1 Clear Channel Radio 230,333 210,914,780 0.60 2 Prisa Radio 70,625 55,007,748 0.69 3 Slacker, Inc. 55,262 51,143,050 0.60 4 NPR Member Stations 44,144 25,413,248 0.93 5 CBS Radio Inc. 42,560 27,791,340 0.84 6 Cumulus Streaming Network 39,900 25,745,195 0.85 7 Karnaval.com 24,687 20,332,194 0.63 8 EMF Corporate 20,789 8,799,719 1.29 9 idobi Radio 20,546 5,459,584 1.94 10 Cox Radio Inc. 16,450 10,253,430 0.88 11 ESPN Radio Corporate 15,782 12,322,717 0.71 12 Entercom Communications Corp. 14,837 10,789,999 0.75 13 Univision 14,747 16,324,491 0.50 14 Sky Radio B.V. 12,578 3,557,768 1.62 15 977Music.com Corporate 10,381 7,600,049 0.74 16 AccuRadio 9,981 2,767,245 1.91 17 COPE 9,594 7,095,840 0.69 18 Greater Media Corporate 9,375 4,930,578 1.04 19 Townsquare Media 8,694 3,311,011 1.43 20 New York Public Radio 7,817 4,130,731 1.01 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. 1 March All Streams Ranker does not include Pandora Corporate