October 20, 2021

Audacy Announces Acquisition of WideOrbit Digital Audio Streaming Technology and Operations

Enables Audacy to Enhance and Accelerate its Digital Platform and Provide Audio Streaming and Monetization Services to Customers

PHILADELPHIA, PA – October 20, 2021 – Audacy, Inc. (NYSE: AUD) today announced the acquisition of an exclusive, perpetual license to WideOrbit’s digital audio streaming technology and the related assets and operations of WO Streaming. This acquisition gives Audacy control of its product roadmap to deliver enhanced consumer-facing streaming features for its 170 million monthly listeners.

“The WideOrbit digital audio tech business perfectly complements our organic investments to make Audacy’s digital platform the top choice for listeners, clients and partners, said David Field, Chairman, President and Chief Executive Officer, Audacy.”

Audacy will operate WO Streaming under the name AmperWave. The entire WO Streaming team, led by John Morris, SVP Streaming, has joined Audacy.

WO Streaming, now AmperWave, is a leading cloud-based distribution and monetization platform for live and on-demand audio streams.

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About Audacy

Audacy, Inc. is a leading scaled, multi-platform audio content and entertainment company that connects with 200 million consumers. Powered by its exclusive, premium audio content that includes unrivaled leadership positions in news and sports radio, Audacy operates one of the country’s two scaled radio broadcasting groups, a rapidly growing direct-to-consumer digital audio platform, multiple audio networks, a major event business and a leading, award-winning podcast studio and network. Learn more at www.audacyinc.com, Facebook, X, LinkedIn and Instagram.