Acquisition

Acquisition establishes iHeartMedia as the only company to provide a complete set of Advertising Technologies and Measurement solutions for all forms of Audio Media

Acquisition Further Expands iHeartMedia’s Industry Leading Data and Measurement Capabilities, Programmatic Platform, Self Service Platform for Small Businesses and Podcast Capabilities

NEW YORK – February 17, 2021 – iHeartMedia (NASDAQ: IHRT), the No. 1 audio company in America and the No. 1 podcast publisher globally, today announced it has entered into an agreement with The E.W. Scripps Company (NASDAQ: SSP) to acquire Triton Digital®, the global technology and services leader to the digital audio and podcast industry, for $230 million, subject to certain adjustments.* With this acquisition, iHeartMedia will now be able to provide audio content to producers and advertisers with an industry-leading full ad service package for streaming and podcasting no matter their size, reach or distribution method.

The addition of Triton Digital’s vast array of infrastructure and measurement solutions will complement iHeartMedia’s current advertising technology services, data platforms and programmatic platforms while providing additional solutions for those in the digital radio industry, allowing iHeartMedia to be the first and only company in the audio market to provide four distribution methods for audio, including on-demand, broadcast and digital streaming radio and podcasting, and to service all audio assets programmatically.

The acquisition of Triton Digital is the latest of iHeartMedia’s investments in the audio technology space, and further enhances its position as the leader in audio. Most recently, in October 2020, iHeartMedia acquired Voxnest, the leading marketplace for podcasts and provider of podcast analytics, enterprise publishing tools, programmatic integration and targeted ad serving. Over the past two and a half years, the company has also acquired Jelli Inc, the pioneering technology that offers marketers a digital-compatible buying platform for broadcast radio that includes programmatic buying, data targeting and creative optimization; Radiojar, the centralized, cloud-based audio playout platform, through iHeartMedia, Inc.’s subsidiary RCS; and Unified, the leading social advertising data intelligence platform and solutions provider.

“Adding Triton Digital and its industry leading services to the iHeartMedia audio ecosystem establishes iHeartMedia as the only company with a total audio advertising technology and data solution,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. “iHeart, with our strong leadership position in podcasting, digital radio and broadcast, already provides cutting edge audio management, programmatic and data solutions for the broadcast radio, digital audio and podcasting industries, and this acquisition further strengthens our position as the No. 1 audio company in America and provides unique -- and critical -- solutions for the industry and for advertisers.”

Operating in more than 50 countries, Triton Digital is a global Advertising Technology SaaS platform for audio streaming, podcasting and metrics that enables publishers to monetize their audiences by providing a highly respected digital audio measurement and advanced audio-focused infrastructure to maximize the yield of audio inventory. The company’s two lines of business focus on advertising infrastructure and measurement, including a content delivery system that distributes digital audio streams and podcasts to listeners while dynamically inserting ads and measurement business that tracks audience and creates ratings reports.

In addition to measuring audiences for customers, Triton Digital operates the world’s first programmatic marketplace for digital audio programmatic ad-buying and Yield-Op, a world-class Supply Side Platform (SSP) that specializes in Audio and enables programmatic audio advertising.

“We are thrilled to join the iHeartMedia family,” said Neal Schore, CEO of Triton Digital. “We remain deeply committed to providing the world’s broadcasters, podcasters, and online audio publishers with continuously innovated, best-in-class solutions and services for online audio management, advertising, and consumption data, and are well positioned to enhance iHeartMedia’s value proposition to audiences and advertisers.”

*The consummation of the proposed acquisition is subject to the satisfaction or waiver of customary closing conditions, including regulatory approval.

About Triton Digital

Triton Digital® is the global technology and services leader to the digital audio and podcast industry. Operating in more than 50 countries, Triton provides innovative technology that enables broadcasters, podcasters, and online music services to build their audience, maximize their revenue, and streamline their day-to-day operations. In addition, Triton powers the global online audio industry with Webcast Metrics®, the leading online audio measurement service and Podcast Metrics, one of the first IAB certified podcast measurement services in the industry. With unparalleled integrity, excellence, teamwork, and accountability, Triton remains committed to connecting audio, audience, and advertisers to continuously fuel the growth of the global online industry. Triton Digital is a wholly owned subsidiary of The E.W. Scripps Company (NASDAQ: SSP). For more information, visit www.TritonDigital.com.

Voxnest Provides Leadership Role for iHeartMedia as the Consolidated Marketplace of Podcasting

Adds Key Elements to iHeartMedia’s Podcast Technology Infrastructure and Platform, Including an Advanced Podcast Analytics Platform, Enterprise Publishing Tools, Programmatic Integration and Targeted Ad-Serving Capability

Expands iHeartMedia’s Position as America’s #1 Commercial Podcast Publisher

NEW YORK – October 23, 2020 – iHeartMedia, the No. 1 audio company in America and the No. 1 podcast publisher globally according to Podtrac, today announced it has entered into an agreement to acquire Voxnest, the leading consolidated marketplace for podcasts and the best-in-class provider of podcast analytics, enterprise publishing tools, programmatic integration and targeted ad serving. With this acquisition, iHeartMedia, through Voxnest, will now be able to provide podcast advertisers with additional targetable inventory at scale by allowing the effective and efficient monetization across an entire range of podcast inventory on this one-of-kind programmatic platform. This additional inventory will increase the monetization of iHeartMedia’s full range of podcasts and advance the podcast marketplace for both buyers and sellers. iHeartMedia will also be able to drive greater monetization for creators of podcast content – wherever they currently publish their shows – by connecting Voxnest’s advanced ad technology with multiple publishing platforms across the industry.

Voxnest’s additional advertising technology capabilities include:

• Dynamic ad insertion;
• Audience and content targeting to the right listeners based on demographics, territories, devices and interests;
• Programmatic podcast buying across all audio platforms by providing:
  • Native support of VAST, the industry standard template for audio and video advertising.
  • OpenRTB, a protocol for enabling integrations that connect to all major audio programmatic exchanges.
• A full podcast analytics platform.

“This is an important addition to the iHeart digital product ecosystem, which includes our SmartAudio suite of data-driven broadcast radio advertising solutions; our position as the No. 1 commercial podcast publisher with massive distribution and promotion across all our broadcast assets; and the iHeartRadio digital platform,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. “The addition of iHeart’s offerings to Voxnest will ensure critical mass for the platform and accelerate its growth. As we continue to invest in podcasting and lead the industry, we anticipate this acquisition will have an important impact on iHeart’s ability to more fully monetize its podcast inventory, and will also benefit the other podcast publishers that are part of the Voxnest network and the advertisers who are using it.”

“We’re excited about the growth potential from this unique combination,” said Francesco Baschieri, CEO of Voxnest. “The podcast marketplace has been fragmented, with supply and demand spread across multiple platforms – creating scale challenges for marketers who want to buy podcasts. And despite the massive growth of the podcast industry, with more than 100 million Americans listening to a podcast every month now, podcast creators and networks have not had an effective way to fully monetize their content and brands. With this combination, for the first time there will be one podcast technology platform that can bring together all of the demand sources with the largest supplier of podcast inventory – creating the only podcast technology platform that consolidates all the podcast markets into one, making buying more efficient for buyers and sellers of podcast advertising, and creating a unique benefit for the 10,000+ podcast publishers that are part of the Voxnest network today.”

iHeartMedia owned a minority stake in Voxnest prior to this acquisition.

With over 243 million downloads each month, iHeartRadio is the No.1 podcast publisher globally according to Podtrac. The company’s iHeartPodcast Network is home to more than 750 original podcasts spanning every category from business, sports, spirituality and technology to entertainment, family, comedy and true crime including the most successful podcast of all time, “Stuff You Should Know,” and hits like “The Ron Burgundy Podcast” and the “Atlanta Monster” series as well as over a hundred shows from its on-air talent like the popular “Bobbycast” and “The Breakfast Club” on-demand podcasts. In addition, iHeartRadio has partnered with some of the biggest names in entertainment to launch podcast slates including long-term podcast ventures with Shondaland Audio and Shonda Rhimes, Grim & Mild and Aaron Mahnke, the Big Money Players Network and Will Ferrell, and most recently The Black Effect, in partnership with Charlamagne Tha God, to extend the reach of established podcasts and create a vast array of iHeartRadio Original Podcasts for millions of fans. iHeartPodcasts are distributed on all major podcast platforms, including the iHeartRadio app.

About Voxnest

Voxnest is a technology company that provides professional solutions for podcasters and the brands looking to engage with listeners. The company's comprehensive tools for podcast creation, distribution, management, measurement, monetization and advertising include Spreaker, catering to independent podcasters, Spreaker Enterprise, a turnkey platform for enterprises, and Dynamo, a standalone monetization solution that gives any podcaster, regardless of host or distribution platform, the ability to earn revenue using Voxnest's real-time, dynamic ad injection technology. The company also works directly with brands looking to deliver highly-targeted, high-impact advertising campaigns through podcasts. Launched in January 2018, following the merger of Spreaker and BlogTalkRadio, Voxnest is led by co-founder and Chief Executive Officer Francesco Baschieri and is headquartered in New York.

New York, N.Y. – March 27, 2019 – iHeartMedia and the Aloha Trust announced today a strategic station exchange with Connoisseur Media across two U.S. markets. Under the agreement, iHeartMedia will acquire six radio stations from Connoisseur Media in Erie, Pennsylvania and one in Mina, New York and Connoisseur Media will acquire two stations from the Aloha Trust in Frederick, Maryland. The agreement is expected to close in the second quarter of 2019, subject to FCC consent and other customary closing conditions.

Under the agreement, WRTS-FM, WRKT-FM, WXBB-FM, WTWF-FM, WJET-AM and WFNN-AM in Erie and WLTM-FM in Mina will join iHeartMedia. These seven stations will also be available on iHeartRadio, the all-in-one digital music, on demand, podcasting and live streaming radio service. Connoisseur Media will acquire WFRE-FM and WFMD-AM in Frederick from the Aloha Trust.

“iHeart is getting a remarkable team and an amazing array of brands. We have owned the stations for 13 years and have tremendous gratitude for the people of Erie. We are excited to enter the Frederick market with these legendary properties,” said Jeffrey Warshaw, CEO of Connoisseur Media.

“We’re very pleased to have the opportunity to expand our reach and establish a presence in the Erie and Mina markets,” said Dan Lankford, Region President of Allentown/Harrisburg for iHeartMedia. “We can’t wait to add these seven amazing brands to our family of platforms, and we know that Connoisseur Media is looking forward to adding WFRE-FM and WFMD-AM to their company.”

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About Connoisseur Media

Connoisseur Media owns/operates radio stations in Bridgeport, New Haven and Stamford, CT; Long Island, NY; Allentown, Erie and Stroudsburg, PA; and Billings, MT.

Acquisition Demonstrates iHeartMedia’s Continued Investment in the Audio Technology Space

NEW YORK, NY – February 26, 2019 – iHeartMedia today announced it acquired Athens, Greece-based online audio technology company Radiojar Information Technology S.A. (“Radiojar”.)  Radiojar is a centralized, cloud-based audio playout platform, and this acquisition will allow the industry to leverage Radiojar’s tools to cohesively combine the seamless elements of broadcast radio and transition these skillfully-produced listening experiences into other audio platforms including music streaming and podcasts, delivering high quality audio experiences more effectively and efficiently. The company was purchased by iHeartMedia, Inc. subsidiary RCS – which is the world’s leading provider of broadcast and webcast software, serving more than 14,000 broadcast, digital, TV, cable and satellite music companies worldwide.

With Radiojar’s sophisticated cloud-based assets and engineering, iHeartMedia, and other RCS clients, will now have a platform to easily combine or parse individual audio elements such as DJ voice tracks, music and broadcast spots to create, manage, distribute and monetize streams, podcasts and other audio content in real-time from anywhere.

As part of the acquisition, Radiojar will also continue to provide tools that allow independent podcasters, radio stations and individuals to instantly create their own radio stations and broadcast from anywhere in the world.

“Because we lead in all audio categories and understand the entire landscape, from broadcast radio to streaming radio to podcasts, we are always looking for next-generation technologies and services that can complement the overall audio ecosystem,” said Rich Bressler, President, COO and CFO for iHeartMedia, Inc. “We recognize that broadcast radio has a very unique set of programming tools that make listening a smoother and more enjoyable experience.  These new capabilities will allow for the seamless nature that has only been available on radio to transition to other audio mediums including digital stations and podcasts.”

As the leading audio company in the U.S., this acquisition is the latest in iHeartMedia’s continued commitment in innovation across all areas of audio. The company also recently acquired Jelli, Inc., the pioneering technology company for programmatic buying and selling of broadcast radio and the technology platform that powers its groundbreaking SoundPoint programmatic platform; and Stuff Media LLC which included the HowStuffWorks (HSW) podcasting business – which solidified iHeartMedia as the Number 1 commercial podcast publisher globally and Number 2 overall, right behind NPR (Podtrac.)

“Complementing our recent announcements about our cloud-based scheduling, playout and disaster recovery services, this acquisition will help RCS bring an even wider range of sophisticated online broadcast tools to our customers,” said Philippe Generali, President and CEO, RCS. “In the near future, using cloud-based technology, it will be possible to launch a brand-new radio service across broadcast and digital within minutes of the original idea. The ultimate ‘pop-up’ radio station, if you will.”

“The Radiojar team is excited to be joining forces with the largest audio company in America – iHeartMedia, as well as RCS – a company known around the world for its audio software innovation.” said Stathis Koutsogeorgos, CEO of Radiojar. “We share a vision about the importance of cloud-based technologies, and we look forward to the opportunity to evolve and offer our products and services to an even wider audience."

About RCS

RCS is the World’s Largest Broadcast Software Company with products in more than 14,500 radio stations, TV music channels, cable companies, satellite music networks and internet stations worldwide. With more than 800 professionals working from 23 offices around the globe, RCS is everywhere.

About Radiojar

Radiojar was launched in 2013 with the vision of empowering radio stations the ability to extend into the cloud era, a vision backed by PJ Tech Catalyst Fund, an Athens, Greece-based seed stage venture capitalist, in which European Investment Fund and Piraeus Bank participate via the “Jeremie" Program to support Greece-based entrepreneurs. Radiojar using audio computing and distributed architecture, offers cloud-first solutions with infinite scalability and focuses on two major technology fields – cloud play-out and digital audio delivery. As a technology provider, Radiojar, with a team of exceptional engineering skills, addresses challenges and delivers solutions for traditional FM/AM, media groups, web only radio stations, music providers, in-store music solutions and service providers around audio. 

Acquisition is a Key Component of iHeartMedia’s SoundPoint Programmatic Platform to Help Advertisers Build Innovative Campaigns Targeting Key Audience Segments by Leveraging the Power of Broadcast Radio’s Scale

NEW YORK, NY – November 19, 2018 – iHeartMedia, the leading audio company in America which also has a greater reach in the U.S. than any other media outlet, today announced it has entered into an agreement to acquire Jelli, Inc., the technology company that powers its SoundPoint programmatic platform. The Jelli platform is the pioneering technology foundation for programmatic buying and selling of broadcast radio, and this acquisition will enable iHeartMedia to further leverage Jelli’s assets to continue to create for brands a digital-compatible buying platform for broadcast radio that includes targeting and creative optimization based on data and attribution tools compatible with the offerings of the major digital players. In addition, “Expressway from Katz,” the industry’s programmatic buying ad exchange for the country’s leading radio groups, will continue to remain independently run by Katz, powered by Jelli.

Broadcast radio is the #1 mass reach medium reaching 93 percent of the U.S. population and engaging consumers longer than even the largest digital platforms. While broadcast radio has the highest consumer engagement of any major medium, prior to the 2015 launch of SoundPoint --  iHeartMedia’s groundbreaking programmatic and automated ad buying solution powered by Jelli -- broadcast radio had lacked the targetability and real-time automated interface that digital offers. The SoundPoint platform allows advertisers and agencies to leverage iHeartMedia’s broadcast stations through both its radio and digital organizations, delivering both strong results and digital compatible analytics. 

“Facebook and Google pioneered a new way for advertisers to interface with media partners to improve targetability, the ease of buying and measurement of results, and our programmatic platform puts us in the position to participate in the modern data driven ecosystem for our broadcast radio audience as well as our digital audiences,” said Brian Kaminsky, President of SmartAudio® and Analytics Group for iHeartMedia.  “We have been excited by the advances we made with Jelli as our partner and the acceptance from our advertising partners.”

“At iHeart we believe marketing is both math and magic.  The math is our rich data and insights about our users and how they relate to our partners’ products and services -- and the magic is the incredible creative ideas we bring to our partners, such as our iconic music events, award shows, influencers, podcasts, social reach and our unique on air promotions. Jelli allows us to do something no other company can do -- advertisers can now buy and use our broadcast assets, reach and impact just as they use the major digital players. We now offer heavy data and heavy creative innovation all in one place,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. “We are excited about having Jelli not only for the platforms they are creating and have created for us, but also to lead our aggressive and innovative ad tech development.”

Today, iHeartMedia’s suite of innovative marketing optimization tools include SoundPoint (programmatic real-time audio ad buying platform) powered by Jelli and SmartAudio®, which enables advertisers to do impression-based planning of data driven audience segments. Additionally, SmartAudio® offers dynamic ad creative that utilizes real-time triggers such as weather, pollen counts, sports scores, mortgage rates and more to deploy different campaign messages based on what is happening in a specific market at a specific moment. SmartAudio® has allowed brands to use broadcast radio ads to dynamically serve the most relevant message in each market, at each moment, just as they have done with digital campaigns to ensure increased relevance and impact.

“By pairing iHeartMedia’s reach and multiplatform assets with our cloud-based advertising technology, we are positioned to provide a single platform for advertisers to reach all audiences, no matter where they are consuming audio,” said Michael Dougherty, co-founder and CEO of Jelli. “As audio consumption continues to explode, we are thrilled to be joining the iHeartMedia team, accelerating Jelli’s mission of transforming audio advertising through technology innovation.”

Over the past decade, Jelli has transformed radio broadcasting by creating the first cloud-based platform to support and improve the audio ecosystem, making it easier and faster to buy and run audio advertising. Their current offerings include RadioSpot, the only programmatic platform for radio broadcasters to sell and manage their advertising inventory and SpotPlan, the first and only programmatic platform for radio, delivering agencies and advertisers an automated way to efficiently plan and buy audio advertising and providing access to iHeartMedia as well as Expressway from Katz. 

As part of the acquisition, Jelli will continue to operate as a company within iHeartMedia, Inc. led by President and CEO Michael Dougherty and his team. The Jelli division will continue to be based in Silicon Valley and will become iHeartMedia’s primary ad technology operation.

About Jelli

Jelli is the largest technology platform for the $40 billion global radio market. Our mission is to create the easiest and fastest way to buy and run audio advertising. In order to achieve this, we developed a cloud-based ad platform that enables advertisers and publishers to buy and sell audio advertising programmatically. Our patented technology is used by some of the largest broadcasters and advertisers in the audio marketplace, reaching hundreds of millions of listeners monthly and serving billions of ad impressions per year. Investors include Relay Ventures, Intel Capital, First Round Capital, iHeartMedia, Universal Music Group and several prominent angel investors. To learn more, visit www.jelli.com.

Increases Lead as #1 Commercial Podcaster and #2 Overall

Acquisition Demonstrates iHeartMedia’s Continued Investment and Leadership Role in the Audio Space with its Multiplatform Assets and Leading National Reach

NEW YORK -- September 13, 2018 -- iHeartMedia, the leading audio company in America which also has a greater reach in the U.S. than any other media outlet, today announced it has entered into an agreement to acquire Stuff Media, LLC, the leading for-profit publisher of entertaining and informative podcast content, which includes the HowStuffWorks (HSW) podcasting business as well as a slate of premium podcast content. This acquisition will enable iHeartMedia to leverage Stuff Media’s original content, programming and experienced podcasting management team and to further expand its podcasting platform, increasing its position as the solid #1 commercial podcast publisher globally, #2 overall (Podtrac, 2018) and almost doubling its usage metrics.

iHeartRadio, iHeartMedia’s all-in-one digital music, podcast, on demand and live streaming radio service, is already partnered with all major podcast publishers and features more than 20,000 podcasts ranging from NPR and WNYC to ESPN and Gimlet, and the iHeartRadio Podcast Network hosts more than 750 iHeartRadio Original shows.

Originally founded in 1998 as a reference site, HowStuffWorks pioneered the podcast space and was one of the first companies to turn podcasting into a revenue-generating business, bringing the medium to a mainstream audience with its informative, easy-to-understand explanations of how the world works. Today, Stuff Media is one of the nation’s largest podcast publishers, with more than 61 million global downloads and streams per month. Its “Stuff” franchises have attracted a dedicated following for more than a decade, with signature podcast Stuff You Should Know surpassing 500 million downloads this year -- the first podcast to surpass half a billion downloads. Atlanta Monster, a Stuff Media/Tenderfoot TV original true crime podcast that recently partnered with iHeartMedia, became the biggest hit podcast of 2018, and maintained the #1 spot on the podcast ranking charts for four straight weeks. Stuff Media’s Stuff You Should Know, Stuff You Missed in History Class, TechStuff and BrainStuff podcasts have all reached ten years of podcasting and over 1,000 published episodes milestones. The transaction is subject to bankruptcy court approval.

“While podcasting has already experienced tremendous growth, the real opportunity to bring the full potential of podcasts to the mainstream still lies ahead,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. “Stuff Media is the original trailblazer of the podcasting industry, and we’ve been impressed by its ability to grow a massive, loyal audience over the past decade, led by a strong, experienced and cohesive management team, who we welcome to iHeartMedia. This strategic acquisition will pair Stuff Media’s wildly popular content and strong creative capabilities with iHeartMedia’s extensive resources and massive scale through our digital platforms, social reach and broadcast radio stations, introducing podcasts to the vast majority of the country and offering even more unique opportunities for advertisers to reach their consumers.”

Before this acquisition, iHeartRadio podcast listening growth has been up 73 percent year-over-year in 2018 vs. 2017. In addition to its extensive catalog of original podcasts, iHeartMedia’s “Podcast, Meet Broadcast” initiative enables podcast creators to uniquely scale their audience through iHeartMedia’s broadcast radio stations, which reach more than 90 percent of Americans each month. This innovative distribution strategy introduces millions of listeners to podcast content that they may not have heard otherwise, providing valuable opportunities for content creators and advertisers to build new audiences and create additional impact.

In 2017, Stuff Media, led by its President and CEO Conal Byrne, raised a growth equity financing round led by The Raine Group, a technology, media and telecommunications global merchant bank, to establish partnerships with industry leaders, grow Stuff Media's content library across podcasting and other mediums, and invest in top-tier talent. “Podcasting has emerged over the last several years as a mainstream media distribution channel. With one of the largest and highest quality libraries in the industry, we believed that Stuff Media was well positioned to take advantage of accelerating demand from both consumers and advertisers,” said Jeff Sine, Partner and Co-Founder of The Raine Group. “Conal's ability to assemble the resources to capitalize on these tailwinds and his execution on growth strategy has been exceptional. We are very excited for Conal and his team as Stuff Media enters its next chapter of growth.”

Conal Byrne will join iHeartMedia as head of its podcast division. Stuff Media’s podcasts will maintain their branding and remain headquartered in Atlanta, Georgia with Byrne continuing as President and CEO of that studio as well. Byrne will report into Darren Davis, President of the iHeartMedia Networks Group and iHeartRadio. Chris Peterson has been promoted to EVP of the podcasting division for iHeartMedia, and will oversee the full slate of iHeartRadio Original podcasts, as well as manage the affiliate relationships for the company, and will report into Byrne.

“HowStuffWorks was a proud pioneer of the podcasting medium more than 10 years ago, and we are truly excited to be taking the next step with iHeart to chart the industry’s course for the next decade,” said Byrne. “Combining our assets with the #1 audio and media company, and #1 commercial podcast publisher, gives us the unassailable position in the podcasting business and a platform like no one else. No company in the world has iHeart’s audience size and innovative drive, and coupled with the creative engine of Stuff Media, this is a game changer for podcast storytellers and advertisers alike, and I’m honored to be leading this effort.”

“In the past year alone, iHeartMedia’s podcasting has exploded,” said Davis. “Our robust slate of originals spans a wide range of topics, and we’re continuing to forge partnerships to bring the most compelling series to the iHeartRadio Podcast Network. In addition, our unique iHeartRadio podcasts from our influencers such as Bobby Bones, Elvis Duran, The Breakfast Club and others, have created a whole new category. By acquiring Stuff Media, we’ll not only integrate its slate of original content, but more importantly, we’ll gain the most innovative minds in the podcasting industry to turbocharge our efforts.”

iHeartRadio, with its more than 120 million registered users, provides an all-in-one listening experience that helps users discover new podcasts alongside their favorite live radio stations, personalities and on-demand music. With iHeartRadio, listeners can enjoy their music and podcasts across more than 250 device platforms including in-car, in-home, on wearables, across gaming consoles and more – making their favorite audio content available everywhere they are, on the devices they use most. Visit iHeart.com/apps to download and listen to iHeartRadio on your favorite device now.

About Stuff Media

Stuff Media is the leading for-profit publisher of entertaining and informative podcast content. With more than 30 brands, including Stuff You Should Know, Stuff You Missed in History Class, Atlanta Monster and Aaron Mahnke’s Cabinet of Curiosities, the Stuff Media team reaches a highly engaged fan base across multiple platforms and distribution partners and has amassed a library of more than 10,000 podcast episodes and driving more than 1 billion downloads to date. With this expansive and award-winning collection of audio podcasts, Stuff Media’s HowStuffWorks is ranked #2 in global downloads and streams. Stuff Media is headquartered in Atlanta and also operates studios and teams out of Los Angeles and New York.

About The Raine Group

The Raine Group is a global merchant bank focused exclusively on technology, media, and telecommunications. The firm has offices in New York, San Francisco, Los Angeles, London, Shanghai, and Mumbai. With a global reach, Raine focuses on investment and advisory opportunities where its deep industry experience and unique network of strategic relationships can create value for portfolio companies and clients. For more information, visit www.raine.com.