Clear Channel And LivingSocial Sign Exclusive Agreement To Bring Radio Listeners Nationwide LivingSocial Daily Deals

Clear Channel And LivingSocial Sign Exclusive Agreement To Bring Radio Listeners Nationwide LivingSocial Daily Deals

New York, NY and Washington, DC – October 18, 2011 – Clear Channel Radio, the leading media company in America with a greater reach than any radio or television outlet, today announced an exclusive agreement naming LivingSocial as the sole daily deal provider on more than 500 Clear Channel radio stations in 90 cities nationwide. The agreement enables LivingSocial, the online and mobile source for great local values, to showcase its daily deals to more than 80 million listeners each week, leveraging Clear Channel’s national reach and local activation capabilities.

“Clear Channel is dedicated to serving our listeners in local communities around the country and this is another way we can bring them great values in their own backyard,” said John Hogan, CEO of Clear Channel Radio. “LivingSocial’s variety of entertaining deals combined with Clear Channel’s impressive reach will help listeners find great local values all across the country.”

Throughout each day, local station personalities will describe the LivingSocial daily deal for their market, also accessible through Clear Channel Radio station websites. In addition to daily deal announcements, Clear Channel will feature other LivingSocial offerings, including LivingSocial Escapes and Adventures packages, across its media platforms.

“We’re delighted to be working with Clear Channel and their deep, well established network of radio stations and millions of listeners across the country,” said Tim O’Shaughnessy, Co-Founder and CEO of LivingSocial. “Radio stations are a primary means for people to find entertainment and learn what’s going on in their communities. This matches perfectly with LivingSocial’s mission to help people find great deals and values around them.”

LivingSocial serves more than 46 million members in more than 603 daily deal markets worldwide. Other great services LivingSocial members can take part in are:

LivingSocial Daily Deals: handpicked experiences, featuring discounts of at least 50 percent;LivingSocial Families: great values for family-friendly activities;LivingSocial Instant Deals: real-time, instant offerings delivered by way of smartphones and the web, allowing merchants to drive customers through the door by notifying LivingSocial app users of offers near their current location;LivingSocial Escapes: affordable, accessible "vacation-in-a-box" getaways;LivingSocial Adventures: fully-produced events encouraging members to try something they wouldn't have or perhaps didn't know existed nearby.
 
About LivingSocial 
LivingSocial helps people around the world find, share and enjoy great local deals and new experiences. We'll help you get more out of your city. Through its daily deal e-mails and alerts, LivingSocial introduces members to handpicked local businesses, products or services each day at significant savings. With a range of products for different interests, like Families and Adventures, LivingSocial helps delight members with the perfect deal for them. Other services include LivingSocial Escapes, which features easy "vacations in a box" to leading destinations, and LivingSocial Instant, which helps members discover real-time discounts at nearby restaurants, stores and businesses. LivingSocial works with each merchant partner to create customized marketing solutions that attract and retain loyal, long-term customers. Based in Washington, D.C., LivingSocial now has more than 47 million members in 25 countries.

About iHeartMedia, Inc.

iHeartMedia (NASDAQ: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups.

With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company’s live and virtual events business. It also includes Premiere Networks, the industry’s largest Networks business, with its Total Traffic and Weather Network (TTWN); and BIN: Black Information Network, the first and only 24/7 national and local all news audio service for the Black community. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio suite of data targeting and attribution products using data from its massive consumer base.

The iHeartMedia Digital Audio Group includes the company’s fast-growing podcasting business -- iHeartMedia is the number one podcast publisher in downloads, unique listeners, revenue and earnings -- as well as its industry-leading iHeartRadio digital service, available across more than 500 platforms and 2,000 devices; the company’s digital sites, newsletters, digital services and programs; its digital advertising technology companies; and its audio industry-leading social media footprint.

The company’s Audio & Media Services reportable segment includes Katz Media Group, the nation’s largest media representation company, and RCS, the world's leading provider of broadcast and webcast software.

Visit iHeartMedia.com for more company information.