Investor Presentaiton

High Value 7 iHeartRadio Strategically Positioned in the Podcast Value Chain¹ PODCAST PUBLISHERS Control/produce all content • . Publish content across multiple • distributors Full ad-revenue benefits captured by content Publishers Podtrac Industry Rankings - June 2022 • • PODCAST SALES REPS. Sell/backfill podcasts for certain Publishers Small commission – with most economics to Publisher • • Low Value DISTRIBUTORS Carry podcasts on platform No economics unless for another service (subscriptions, consumer app, device sales) Podcast RSS Feed: Non-Publisher Sales Agents: ත iHeart TRITON DIGITAL iHeart RADIO US UNIQUE RANK PUBLISHER MONTHLY AUDIENCE GLOBAL STREAMS & DOWNLOADS KATZ 1 WiHeartRADIO 431,341,000 AUDIENCE NETWORK 30,332,000 2 WONDERY 23,836,000 185,239,000 3 npr 18,021,000 160,076,000 4 The New York Times 11,000,000 139,753,000 5 NBC NEWS 9,112,000 65,166,000 1 Companies listed represent the major players in each category Apple Podcasts sxm adswizz Spotify Audience Network amazon music MEDIA STITCHER CUMULUS Spotify Google Podcasts ● Audacy iHeart MEDIA

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