JANUARY 2015 TOP 20 RANKER

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JANUARY 2015 TOP 20 RANKER Webcast Metrics by Triton Digital www.tritondigital.com measurement@tritondigital.com United States Canada Europe Latin America Middle East

January 2015 Insights & Trends All Measured Clients All measured clients in January 2015 showed 3,943,385 Average Active Sessions (AAS) during the Domestic Monday-Friday 6:00AM-8:00PM (M-F 6A-8P) daypart, and 3,319,380 AAS during the Domestic Monday-Sunday 6:00AM-Midnight (M-Su 6A-Mid) daypart. Taking a Closer Look January 2015 showed positive growth in both dayparts when compared to January 2014. AAS within the Domestic US grew by 41.2 percent (M-F 6A-8P) and 43.3 percent (M-Su 6A-Mid). 41.2% INCREASE IN AAS WITHIN THE M-F 6A-8P DAYPART 43.3% INCREASE IN AAS WITHIN THE M-SU 6A-MIDNIGHT DAYPART Listening by Market Looking at the top 20 markets, Denver showed the largest listening gain when compared to the month prior with a 33.2 percent increase in AAS (M-F 6A-8P), followed by Tampa at 25.9 percent, New York at 21.3 percent, Chicago at 21.3 percent, and San Francisco at 19.5 percent. 33.2% 25.9% 21.3% 21.3% 19.5% Denver Tampa New York Chicago San Francisco www.tritondigital.com measurement@tritondigital.com United States Canada Europe Latin America Middle East

Insights & Trends Audio Consumption In breaking out audio consumption, 36 percent of all listening (M-F 6A-8P) took place on an ios device followed by Android at 30 percent, Flash Player at 9 percent, and Google Chrome at 8 percent. Firefox Browser 3% Other 10% Flash Player 9% ios 36% Internet Explorer 4% Google Chrome 8% Android 30% *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

January 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 January 2015. 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 January rankings below:

JANUARY 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 445,092 180,551,393 0.74 1 Pandora Corporate 2,244,285 1,117,296,871 0.61 2 Spotify Corporate 756,829 549,840,543 0.42 3 iheartmedia 1 344,215 146,758,069 0.70 4 CBS Radio Inc. 62,014 22,713,894 0.82 5 Cumulus Streaming Network 55,295 18,863,280 0.88 6 Slacker, Inc. 52,211 34,110,624 0.47 7 NPR Member Stations 45,342 15,577,018 0.85 8 ESPN Radio Corporate 36,658 16,583,594 0.67 9 EMF Corporate 23,991 5,043,586 1.43 10 Univision 19,290 9,940,692 0.59 11 Cox Radio Inc. 19,223 6,704,813 0.86 12 Greater Media Corporate 12,798 3,630,558 1.06 13 Townsquare Media 12,458 2,247,883 1.66 14 Salem Communications 10,564 3,385,164 0.93 15 idobi Radio 2 10,086 1,404,494 1.97 16 Hubbard Broadcasting 9,782 2,480,250 1.18 17 New York Public Radio 8,330 2,446,050 0.99 18 AccuRadio 8,078 1,344,172 1.82 19 Bonneville Corporate 7,202 2,350,341 0.93 20 Beasley Broadcasting Corporate 5,992 2,134,446 0.85 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 iheartmedia includes TheBlaze Radio Network 2 idobi Radio experienced a brief technical issue resulting in partial data loss beginning the week of 1/19

JANUARY 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 468,984 188,189,787 0.75 1 iheartmedia 2 348,936 148,734,178 0.70 2 Prisa Radio 87,107 35,195,130 0.72 3 CBS Radio Inc. 62,538 22,930,640 0.82 4 Cumulus Streaming Network 56,885 19,328,597 0.88 5 Slacker, Inc. 56,501 36,258,088 0.47 6 NPR Member Stations 49,884 17,283,118 0.85 7 ESPN Radio Corporate 38,011 17,142,929 0.67 8 Karnaval.com 28,300 12,102,872 0.65 9 EMF Corporate 28,005 5,832,038 1.43 10 Univision 20,313 10,242,823 0.60 11 Cox Radio Inc. 19,304 6,737,005 0.86 12 Sky Radio B.V. 17,193 2,556,194 1.62 13 AccuRadio 14,636 2,757,549 1.56 14 Greater Media Corporate 13,417 3,820,860 1.06 15 Townsquare Media 13,180 2,459,672 1.60 16 idobi Radio 3 12,661 1,820,875 1.91 17 Salem Communications 10,800 3,460,298 0.93 18 Hubbard Broadcasting 10,515 2,773,744 1.14 19 977Music.com Corporate 9,858 3,365,544 0.86 20 New York Public Radio 9,113 2,787,032 0.95 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 January All Streams Ranker does not include Pandora Corporate These groups are part of Katz Digital Audio 2 iheartmedia includes TheBlaze Radio Network 3 idobi Radio experienced a brief technical issue resulting in partial data loss beginning the week of 1/19

JANUARY 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 314,022 246,002,168 0.70 1 Pandora Corporate 1,934,382 1,773,120,529 0.60 2 Spotify Corporate 687,702 896,698,034 0.43 3 iheartmedia 1 247,066 203,773,199 0.66 4 Slacker, Inc. 44,722 56,076,770 0.44 5 CBS Radio Inc. 41,723 28,345,480 0.80 6 Cumulus Streaming Network 36,526 23,005,527 0.87 7 NPR Member Stations 35,381 22,312,181 0.85 8 ESPN Radio Corporate 23,587 19,713,563 0.66 9 EMF Corporate 16,352 6,894,767 1.30 10 Univision 13,384 12,908,232 0.57 11 Cox Radio Inc. 12,860 8,449,872 0.83 12 idobi Radio 2 10,434 2,615,892 2.03 13 Greater Media Corporate 8,227 4,307,488 1.05 14 Townsquare Media 7,954 2,707,751 1.60 15 Salem Communications 7,131 4,140,610 0.93 16 New York Public Radio 6,346 3,418,043 0.99 17 Hubbard Broadcasting 6,111 2,898,330 1.15 18 AccuRadio 5,380 1,689,731 1.75 19 Bonneville Corporate 4,908 3,012,766 0.90 20 Beasley Broadcasting Corporate 3,928 2,638,994 0.82 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 iheartmedia includes TheBlaze Radio Network 2 idobi Radio experienced a brief technical issue resulting in partial data loss beginning the week of 1/19

JANUARY 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 336,420 260,669,358 0.71 1 iheartmedia 2 253,576 209,550,897 0.66 2 Prisa Radio 61,557 46,213,697 0.71 3 Slacker, Inc. 48,516 59,575,658 0.45 4 CBS Radio Inc. 42,186 28,697,914 0.80 5 NPR Member Stations 39,491 25,164,088 0.84 6 Cumulus Streaming Network 37,884 23,724,451 0.87 7 ESPN Radio Corporate 24,584 20,488,635 0.66 8 Karnaval.com 21,757 17,963,266 0.62 9 EMF Corporate 19,379 8,029,938 1.32 10 Univision 14,019 13,255,536 0.58 11 Sky Radio B.V. 13,260 3,752,375 1.60 12 idobi Radio 3 13,092 3,359,694 1.99 13 Cox Radio Inc. 12,924 8,495,368 0.83 14 AccuRadio 10,717 3,866,174 1.49 15 Greater Media Corporate 8,702 4,583,886 1.04 16 Townsquare Media 8,542 3,052,282 1.52 17 977Music.com Corporate 8,519 5,483,265 0.83 18 Salem Communications 7,342 4,261,396 0.93 19 New York Public Radio 7,046 3,980,383 0.94 20 Hubbard Broadcasting 6,787 3,404,725 1.09 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 January All Streams Ranker does not include Pandora Corporate These groups are part of Katz Digital Audio 2 iheartmedia includes TheBlaze Radio Network 3 idobi Radio experienced a brief technical issue resulting in partial data loss beginning the week of 1/19