Entercom Announces Acquisition of Pineapple Street Media and Agreement in Principle to Acquire Cadence13, Establishing Leadership Position in Podcasting - Seite 3

“This is an incredibly exciting day for us and our team of podcast producers,” said Max Linsky, co-founder, Pineapple Street Media. “We started Pineapple three years ago with the simple goal of making great shows that found huge audiences, and joining forces with the amazing teams at Entercom and Cadence13 means we can do that at a scale we never imagined.” “This is an amazing time for podcasting,” said Jenna Weiss-Berman, co-founder, Pineapple Street Media. “This moment is unprecedented – the energy, the growth, the talent coming to the medium. I am thrilled to be working with the incredible leadership teams at Entercom and Cadence13.”

“Consolidation with Entercom will greatly accelerate the next phase of our growth,” said Spencer Brown, Chris Corcoran and John Murphy, founding partners of Cadence13. “Through its robust portfolio of broadcast radio stations and the RADIO.COM platform, Entercom offers Cadence access to a national audio platform that will accelerate revenue and development of our audience engagement efforts. This acquisition helps us extend the reach of our partners and build their audiences across the audio landscape.”

Telos Advisors served as exclusive financial advisor to Pineapple Street Media in this transaction.

About Entercom Communications Corp.

Entercom Communications Corp. (NYSE: ETM) is a leading American media and entertainment company reaching and engaging over 170 million people each month through its premier collection of highly rated, award winning radio stations, digital platforms and live events. As one of the country’s two largest radio broadcasters, Entercom offers integrated marketing solutions and delivers the power of local connection on a national scale with coverage of close to 90% of persons 12+ in the top 50 markets. Entercom is the #1 creator of live, original, local audio content and the nation’s unrivaled leader in news and sports radio. Learn more about Philadelphia-based Entercom at www.entercom.com, Facebook and Twitter (@Entercom).

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