iHeartMedia to Acquire Four Atlantic City Radio Stations from Equity Communications

New York, N.Y. – August 07, 2023 – iHeartMedia, the leading audio company in the U.S., today announced an agreement with Equity Communication to purchase four broadcast radio stations in the Atlantic City, New Jersey market: WAYV 95.1FM in Atlantic City (Hot AC); WZXL 100.7FM in Wildwood (Classic Rock); WZBZ 99.3FM in Pleasantville (CHR); and WTTH 96.1FM in Margate City (Urban AC).

These successful radio stations join and expand upon iHeartMedia’s massive broadcast reach nationwide with over 860 stations in 160+ markets and top personalities and influencers across all genres. The stations will also be available on the iHeartRadio app, iHeartMedia’s all-in-one digital music, on-demand, podcasting and live streaming service with 3 billion app downloads and more than 160 million registered users.

“iHeartMedia is the multiplatform leader in audio built on the power of radio, and this acquisition underscores our commitment to broadcast radio’s continued growth and success as the no. 1 reach medium in the U.S. These stations have a long history of success in South Jersey, and adding them to our roster will allow us to extend the iHeart brand to this market,” said Hartley Adkins, President of Market Groups for iHeartMedia.  “We are excited to have the teams at WAYV, WZXL, WTTH and WZBZ join the iHeart family and look forward to collaborating together and continuing their growth trajectory.”

“We’re delighted to convey the Equity stations to iHeart. These are world-class stations with world-class staff, and it’s only fitting they should join the country’s biggest audio company. I’m confident they will continue to flourish & prosper under iHeart’s stewardship,” said Gary Fisher, President and Owner of Equity Communications.

About iHeartMedia, Inc.

iHeartMedia, Inc. [Nasdaq: IHRT] is the leading audio media company in America, with 90% of Americans listening to iHeart broadcast radio in every month. iHeart’s broadcast radio assets alone have a larger audience in the U.S. than any other media outlet; twice the size of the next largest broadcast radio company; and over four times the ad-enabled audience of the largest digital only audio service. iHeart is the largest podcast publisher according to Podtrac, with more downloads than the next two podcast publishers combined, has the most recognizable live events across all genres of music, has the number one social footprint among audio players, with seven times more followers than the next audio media brand, and is the only fully integrated audio ad tech solution across broadcast, streaming and podcasts. The company continues to leverage its strong audience connection and unparalleled consumer reach to build new platforms, products and services. Visit iHeartMedia.com for more company information.