Investor Presentaiton

High Value 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 - March 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 RANK PUBLISHER US UNIQUE MONTHLY AUDIENCE GLOBAL STREAMS & DOWNLOADS KATZ 1 iHeartRADIO 33,445,000 443,332,000 AUDIENCE NETWORK 2 npr 3 WONDERY 21,505,000 12,995,000 4 The New York Times 12,017,000 184,577,000 93,344,000 127,507,000 sxm adswizz MEDIA 5 NBC NEWS 8,948,000 63,526,000 11 1 Companies listed represent the major players in each category Spotify Audience Network Apple Podcasts amazon music STITCHER CUMULUS Spotify Google Podcasts ● Audacy iHeart MEDIA

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