Investing in 2019

Investing In Radio® OWNERSHIP REPORT 2019

Also available via the Internet through BIA’s MEDIA Access Pro™

BIA • 14150 Parkeast Cir., Ste. 110, Chantilly, VA 20151-2296 • Phone: 703-818-2425 • Fax: 703-803-3299 • E-mail: [email protected] • Web: www.bia.com Investing in Radio® Ownership Report 2019 Alphabetic Listing of Nielsen Audio Markets Rank Market Rank Market Rank Market 233 Abilene, TX 3 Chicago, IL 68 Grand Rapids, MI 84 Akron, OH 202 Chico, CA 188 Green Bay, WI 237 Albany, GA 32 Cincinnati, OH 48 Greensboro-Winston Salem-High Point, NC 66 Albany-Schenectady-Troy, NY 34 Cleveland, OH 92 Greenville-New Bern-Jacksonville, NC 69 Albuquerque, NM 90 Colorado Springs, CO 59 Greenville-Spartanburg, SC 73 Allentown-Bethlehem, PA 225 Columbia, MO 166 Hagerstown-Chambersburg-Waynesboro, MD-PA 170 Amarillo, TX 83 Columbia, SC 82 Harrisburg-Lebanon-Carlisle, PA 175 Anchorage, AK 192 Columbus, GA 250 Harrisonburg, VA 149 Ann Arbor, MI 36 Columbus, OH 52 Hartford-New Britain-Middletown, CT 137 Appleton-Oshkosh, WI 176 Concord, NH 63 Honolulu, HI 157 Asheville, NC 111 Corpus Christi, TX 262 Hot Springs, AR 8 Atlanta, GA 5 Dallas-Ft. Worth, TX 6 Houston-Galveston, TX 154 Atlantic City-Cape May, NJ 201 Danbury, CT 40 Hudson Valley, NY 109 Augusta, GA 64 Dayton, OH 167 Huntington-Ashland, WV-KY 254 Augusta-Waterville, ME 93 Daytona Beach, FL 107 Huntsville, AL 33 Austin, TX 19 Denver-Boulder, CO 39 Indianapolis, IN 79 Bakersfield, CA 70 Des Moines, IA 127 Jackson, MS 21 Baltimore, MD 13 Detroit, MI 264 Jackson, TN 216 Bangor, ME 193 Dothan, AL 46 Jacksonville, FL 75 Baton Rouge, LA 210 Duluth-Superior, MN-WI 114 Johnson City-Kingsport-Bristol, TN-VA 252 Battle Creek, MI 232 Eau Claire, WI 229 Joplin, MO 145 Beaumont-Port Arthur, TX 76 El Paso, TX 185 Kalamazoo, MI 196 Bend, OR 226 Elmira-Corning, NY 35 Kansas City, MO-KS 235 Billings, MT 180 Erie, PA 138 Killeen-Temple, TX 144 Biloxi-Gulfport-Pascagoula, MS 146 Eugene-Springfield, OR 72 Knoxville, TN 194 Binghamton, NY 164 Evansville, IN 218 La Crosse, WI 61 Birmingham, AL 197 Fargo-Moorhead, ND-MN 221 Lafayette, IN 253 Bismarck, ND 121 Fayetteville, AR 110 Lafayette, LA 231 Bloomington, IL 129 Fayetteville, NC 214 Lake Charles, LA 94 Boise, ID 139 Flint, MI 88 Lakeland-Winter Haven, FL 10 Boston, MA 211 Florence, SC 115 Lancaster, PA 171 Bowling Green, KY 242 Florence-Muscle Shoals, AL 128 Lansing-East Lansing, MI 126 Bridgeport, CT 189 Frederick, MD 190 Laredo, TX 261 Brunswick, GA 142 Fredericksburg, VA 217 Las Cruces-Deming, NM 184 Bryan-College Station, TX 67 Fresno, CA 30 Las Vegas, NV 58 Buffalo-Niagara Falls, NY 106 Ft. Collins-Greeley, CO 241 LaSalle-Peru, IL 148 Burlington-Plattsburgh, VT-NY 57 Ft. Myers-Naples, FL 213 Laurel-Hattiesburg, MS 141 Canton, OH 97 Ft. Pierce-Stuart-Vero Beach, FL 223 Lebanon-Hanover-White River Junction, NH-VT 195 Cape Cod, MA 161 Ft. Smith, AR 103 Lexington-Fayette, KY 206 Cedar Rapids, IA 179 Ft. Walton Beach-Destin, FL 228 Lima, OH 78 Charleston, SC 116 Ft. Wayne, IN 163 Lincoln, NE 198 Charleston, WV 86 Gainesville-Ocala, FL 87 Little Rock, AR 23 Charlotte-Gastonia-Rock Hill, NC-SC 265 Grand Forks, ND-MN 2 Los Angeles, CA 89 Chattanooga, TN 249 Grand Island-Kearney-Hastings, NE 54 Louisville, KY 263 Cheyenne, WY 238 Grand Junction, CO 169 Lubbock, TX 131 Macon, GA 14 Phoenix, AZ 95 Spokane, WA 91 Madison, WI 28 Pittsburgh, PA 100 Springfield, MA 199 Manchester, NH 99 Portland, ME 136 Springfield, MO 56 McAllen-Brownsville-Harlingen, TX 22 Portland, OR 186 St. Cloud, MN 102 Melbourne-Titusville-Cocoa, FL 122 Portsmouth-Dover-Rochester, NH 24 St. Louis, MO 51 Memphis, TN 168 Poughkeepsie, NY 151 Stamford-Norwalk, CT 11 Miami-Ft. Lauderdale-Hollywood, FL 44 Providence-Warwick-Pawtucket, RI 80 Stockton, CA 42 Middlesex-Somerset-Union, NJ 234 Pueblo, CO 215 Sunbury-Selinsgrove-Lewisburg, PA 41 Milwaukee-Racine, WI 17 Puerto Rico 245 Sussex, NJ 15 Minneapolis-St. Paul, MN 155 Quad Cities, IA-IL 98 Syracuse, NY 101 Mobile, AL 38 Raleigh-Durham, NC 160 Tallahassee, FL 117 Modesto, CA 251 Rapid City, SD 18 Tampa-St. Petersburg-Clearwater, FL 55 Monmouth-Ocean, NJ 135 Reading, PA 212 Terre Haute, IN 239 Monroe, LA 227 Redding, CA 240 Texarkana, TX-AR 85 Monterey-Salinas-Santa Cruz, CA 96 Reno, NV 104 Toledo, OH 156 Montgomery, AL 177 Richland-Kennewick-Pasco, WA 204 Topeka, KS 255 Montpelier-Barre-St Johnsbury, VT 53 Richmond, VA 158 Traverse City-Petoskey-Cadillac, MI 174 Morgantown-Clarksburg-Fairmont, WV 26 Riverside-San Bernardino, CA 152 Trenton, NJ 123 Morristown, NJ 119 Roanoke-Lynchburg, VA 62 Tucson, AZ 219 Muncie-Marion, IN 220 Rochester, MN 65 Tulsa, OK 230 Muskegon, MI 60 Rochester, NY 209 Tuscaloosa, AL 133 Myrtle Beach, SC 162 Rockford, IL 243 Twin Falls-Sun Valley, ID 43 Nashville, TN 27 Sacramento, CA 143 Tyler-Longview, TX 20 Nassau-Suffolk, NY 150 Saginaw-Bay City-Midland, MI 172 Utica-Rome, NY 182 New Bedford-Fall River, MA 205 Salina-Manhattan, KS 246 Valdosta, GA 124 New Haven, CT 134 Salisbury-Ocean City, MD 113 Victor Valley, CA 181 New London, CT 29 Salt Lake City-Ogden-Provo, UT 108 Visalia-Tulare-Hanford, CA 49 New Orleans, LA 256 San Angelo, TX 191 Waco, TX 1 New York, NY 25 San Antonio, TX 7 Washington, DC 153 Newburgh-Middletown, NY 16 San Diego, CA 236 Waterloo-Cedar Falls, IA 45 Norfolk-Virginia Beach-Newport News, VA 4 San Francisco, CA 260 Watertown, NY 165 Odessa-Midland, TX 37 San Jose, CA 178 Wausau-Stevens Point, WI 50 Oklahoma City, OK 173 San Luis Obispo, CA 47 West Palm Beach-Boca Raton, FL 224 Olean, NY 207 Santa Barbara, CA 247 Wheeling, WV 74 Omaha-Council Bluffs, NE-IA 203 Santa Maria-Lompoc, CA 248 Wichita Falls, TX 31 Orlando, FL 71 Sarasota-Bradenton, FL 105 Wichita, KS 120 Oxnard-Ventura, CA 147 Savannah, GA 77 Wilkes Barre-Scranton, PA 130 Palm Springs, CA 12 Seattle-Tacoma, WA 259 Williamsport, PA 222 Panama City, FL 258 Sheboygan, WI 81 Wilmington, DE 244 Parkersburg-Marietta, WV-OH 140 Shreveport, LA 208 Winchester, VA 125 Pensacola, FL 257 Sioux City, IA 118 Worcester, MA 159 Peoria, IL 187 Sioux Falls, SD 200 Yakima, WA 9 Philadelphia, PA 183 South Bend, IN 112 York, PA 132 Youngstown-Warren, OH

Investing in Radio® Ownership Report 2019 Alphabetic Listing of Nielsen Audio Markets BIA • Phone: 703-818-2425 • www.bia.com Investing in Radio® Ownership Report 2019 Rank Listing of Nielsen Audio Markets

Rank Market Rank Market Rank Market 1 New York, NY 46 Jacksonville, FL 91 Madison, WI 2 Los Angeles, CA 47 West Palm Beach-Boca Raton, FL 92 Greenville-New Bern-Jacksonville, NC 3 Chicago, IL 48 Greensboro-Winston Salem-High Point, NC 93 Daytona Beach, FL 4 San Francisco, CA 49 New Orleans, LA 94 Boise, ID 5 Dallas-Ft. Worth, TX 50 Oklahoma City, OK 95 Spokane, WA 6 Houston-Galveston, TX 51 Memphis, TN 96 Reno, NV 7 Washington, DC 52 Hartford-New Britain-Middletown, CT 97 Ft. Pierce-Stuart-Vero Beach, FL 8 Atlanta, GA 53 Richmond, VA 98 Syracuse, NY 9 Philadelphia, PA 54 Louisville, KY 99 Portland, ME 10 Boston, MA 55 Monmouth-Ocean, NJ 100 Springfield, MA 11 Miami-Ft. Lauderdale-Hollywood, FL 56 McAllen-Brownsville-Harlingen, TX 101 Mobile, AL 12 Seattle-Tacoma, WA 57 Ft. Myers-Naples, FL 102 Melbourne-Titusville-Cocoa, FL 13 Detroit, MI 58 Buffalo-Niagara Falls, NY 103 Lexington-Fayette, KY 14 Phoenix, AZ 59 Greenville-Spartanburg, SC 104 Toledo, OH 15 Minneapolis-St. Paul, MN 60 Rochester, NY 105 Wichita, KS 16 San Diego, CA 61 Birmingham, AL 106 Ft. Collins-Greeley, CO 17 Puerto Rico 62 Tucson, AZ 107 Huntsville, AL 18 Tampa-St. Petersburg-Clearwater, FL 63 Honolulu, HI 108 Visalia-Tulare-Hanford, CA 19 Denver-Boulder, CO 64 Dayton, OH 109 Augusta, GA 20 Nassau-Suffolk, NY 65 Tulsa, OK 110 Lafayette, LA 21 Baltimore, MD 66 Albany-Schenectady-Troy, NY 111 Corpus Christi, TX 22 Portland, OR 67 Fresno, CA 112 York, PA 23 Charlotte-Gastonia-Rock Hill, NC-SC 68 Grand Rapids, MI 113 Victor Valley, CA 24 St. Louis, MO 69 Albuquerque, NM 114 Johnson City-Kingsport-Bristol, TN-VA 25 San Antonio, TX 70 Des Moines, IA 115 Lancaster, PA 26 Riverside-San Bernardino, CA 71 Sarasota-Bradenton, FL 116 Ft. Wayne, IN 27 Sacramento, CA 72 Knoxville, TN 117 Modesto, CA 28 Pittsburgh, PA 73 Allentown-Bethlehem, PA 118 Worcester, MA 29 Salt Lake City-Ogden-Provo, UT 74 Omaha-Council Bluffs, NE-IA 119 Roanoke-Lynchburg, VA 30 Las Vegas, NV 75 Baton Rouge, LA 120 Oxnard-Ventura, CA 31 Orlando, FL 76 El Paso, TX 121 Fayetteville, AR 32 Cincinnati, OH 77 Wilkes Barre-Scranton, PA 122 Portsmouth-Dover-Rochester, NH 33 Austin, TX 78 Charleston, SC 123 Morristown, NJ 34 Cleveland, OH 79 Bakersfield, CA 124 New Haven, CT 35 Kansas City, MO-KS 80 Stockton, CA 125 Pensacola, FL 36 Columbus, OH 81 Wilmington, DE 126 Bridgeport, CT 37 San Jose, CA 82 Harrisburg-Lebanon-Carlisle, PA 127 Jackson, MS 38 Raleigh-Durham, NC 83 Columbia, SC 128 Lansing-East Lansing, MI 39 Indianapolis, IN 84 Akron, OH 129 Fayetteville, NC 40 Hudson Valley, NY 85 Monterey-Salinas-Santa Cruz, CA 130 Palm Springs, CA 41 Milwaukee-Racine, WI 86 Gainesville-Ocala, FL 131 Macon, GA 42 Middlesex-Somerset-Union, NJ 87 Little Rock, AR 132 Youngstown-Warren, OH 43 Nashville, TN 88 Lakeland-Winter Haven, FL 133 Myrtle Beach, SC 44 Providence-Warwick-Pawtucket, RI 89 Chattanooga, TN 134 Salisbury-Ocean City, MD 45 Norfolk-Virginia Beach-Newport News, VA 90 Colorado Springs, CO 135 Reading, PA 136 Springfield, MO 180 Erie, PA 223 Lebanon-Hanover-White River Junction, NH-VT 137 Appleton-Oshkosh, WI 181 New London, CT 224 Olean, NY 138 Killeen-Temple, TX 182 New Bedford-Fall River, MA 225 Columbia, MO 139 Flint, MI 183 South Bend, IN 226 Elmira-Corning, NY 140 Shreveport, LA 184 Bryan-College Station, TX 227 Redding, CA 141 Canton, OH 185 Kalamazoo, MI 228 Lima, OH 142 Fredericksburg, VA 186 St. Cloud, MN 229 Joplin, MO 143 Tyler-Longview, TX 187 Sioux Falls, SD 230 Muskegon, MI 144 Biloxi-Gulfport-Pascagoula, MS 188 Green Bay, WI 231 Bloomington, IL 145 Beaumont-Port Arthur, TX 189 Frederick, MD 232 Eau Claire, WI 146 Eugene-Springfield, OR 190 Laredo, TX 233 Abilene, TX 147 Savannah, GA 191 Waco, TX 234 Pueblo, CO 148 Burlington-Plattsburgh, VT-NY 192 Columbus, GA 235 Billings, MT 149 Ann Arbor, MI 193 Dothan, AL 236 Waterloo-Cedar Falls, IA 150 Saginaw-Bay City-Midland, MI 194 Binghamton, NY 237 Albany, GA 151 Stamford-Norwalk, CT 195 Cape Cod, MA 238 Grand Junction, CO 152 Trenton, NJ 196 Bend, OR 239 Monroe, LA 153 Newburgh-Middletown, NY 197 Fargo-Moorhead, ND-MN 240 Texarkana, TX-AR 154 Atlantic City-Cape May, NJ 198 Charleston, WV 241 LaSalle-Peru, IL 155 Quad Cities, IA-IL 199 Manchester, NH 242 Florence-Muscle Shoals, AL 156 Montgomery, AL 200 Yakima, WA 243 Twin Falls-Sun Valley, ID 157 Asheville, NC 201 Danbury, CT 244 Parkersburg-Marietta, WV-OH 158 Traverse City-Petoskey-Cadillac, MI 202 Chico, CA 245 Sussex, NJ 159 Peoria, IL 203 Santa Maria-Lompoc, CA 246 Valdosta, GA 160 Tallahassee, FL 204 Topeka, KS 247 Wheeling, WV 161 Ft. Smith, AR 205 Salina-Manhattan, KS 248 Wichita Falls, TX 162 Rockford, IL 206 Cedar Rapids, IA 249 Grand Island-Kearney-Hastings, NE 163 Lincoln, NE 207 Santa Barbara, CA 250 Harrisonburg, VA 164 Evansville, IN 208 Winchester, VA 251 Rapid City, SD 165 Odessa-Midland, TX 209 Tuscaloosa, AL 252 Battle Creek, MI 166 Hagerstown-Chambersburg-Waynesboro, MD-PA 210 Duluth-Superior, MN-WI 253 Bismarck, ND 167 Huntington-Ashland, WV-KY 211 Florence, SC 254 Augusta-Waterville, ME 168 Poughkeepsie, NY 212 Terre Haute, IN 255 Montpelier-Barre-St Johnsbury, VT 169 Lubbock, TX 213 Laurel-Hattiesburg, MS 256 San Angelo, TX 170 Amarillo, TX 214 Lake Charles, LA 257 Sioux City, IA 171 Bowling Green, KY 215 Sunbury-Selinsgrove-Lewisburg, PA 258 Sheboygan, WI 172 Utica-Rome, NY 216 Bangor, ME 259 Williamsport, PA 173 San Luis Obispo, CA 217 Las Cruces-Deming, NM 260 Watertown, NY 174 Morgantown-Clarksburg-Fairmont, WV 218 La Crosse, WI 261 Brunswick, GA 175 Anchorage, AK 219 Muncie-Marion, IN 262 Hot Springs, AR 176 Concord, NH 220 Rochester, MN 263 Cheyenne, WY 177 Richland-Kennewick-Pasco, WA 221 Lafayette, IN 264 Jackson, TN 178 Wausau-Stevens Point, WI 222 Panama City, FL 265 Grand Forks, ND-MN 179 Ft. Walton Beach-Destin, FL

Investing in Radio® Ownership Report 2019 Rank Listing of Nielsen Audio Markets BIA • Phone: 703-818-2425 • www.bia.com Information About Investing in Radio® Ownership Report

What’s in this book? Welcome to BIA’s Investing in Radio® 2019 Ownership Report. Published since 1986, this is the premiere information guide profiling the Nielsen Audio-rated commercial radio stations by owner. The book highlights the 11,754 commercial radio stations that serve Data Provided Electronically (CD-ROM, etc.) a Nielsen Audio-rated market (or are owned by a group owner that owns other stations in All of this data and much, much more is available through BIA’s powerful database TM rated markets) sorted by their 1,786 owners. All 265 Nielsen Audio-rated metro markets software, BIA’s MEDIA Access Pro Radio Analyzer. With more than 28,000 radio including Puerto Rico are represented herein. facilities profiled with more than 700 fields of data for each station, this is the most comprehensive, easy-to-use and accurate source of data available on the radio industry. Other Radio Publications For more information on the publications, software and custom research services This book has a companion publication, BIA’s Investing in Radio® 2019 Market Report, offered by BIA, call a BIA representative at 703-818-2425 and/or see the last page from which the Ownership Report’s information is extracted and reorganized by owner. of this book for a Price List and Order Form. The Market Report is a market-by-market investment guide providing an in-depth analysis of the financial, economic and demographic health of the individual Nielsen Audio-rated metros and comprehensively profiles the competiting radio stations in that market.

Copyrights

BIA Warning: COPYRIGHT VIOLATIONS WILL BE PROSECUTED. BIA shares 10% Copyright © 2019 by BIA Advisory Services, LLC (d/b/a BIA). The contents of this report of the net proceeds of settlements and jury awards with individuals who provide are the property of BIA and are protected by copyright and other intellectual property laws. essential evidence of illegal copying or electronic distribution. To report violations, No part of this material may be reproduced or transmitted by any means, electronic or please contact 703-818-2425 or email [email protected]. mechanical, including photocopying or recording in an information storage and retrieval system, unless there is written permission from BIA or a license agreement with them for such use. All rights reserved. Nielsen Audio Copyright © 2019 Nielsen Audio. For use by licensed subscribers only. Reprinted with Information in this publication is solely for the internal use of clients of BIA and may permission. All audience estimates and/or data contained herein are copyrighted by and not be distributed to third parties. The information is not for use as the basis for private proprietary to Nielsen Audio. Nielsen Audio reserves all rights with respect to its data. offering, in a prospectus, in a valuation or appraisal report, or for developing derivative No such data may be reproduced or transmitted in any form or by any means including works distributed to third parties without written permission from BIA. Permission but not limited to photocopying or recording on or for any information storage or retrieval is considered upon request and the submittal of an indemnification and release form. system, including the internet, without the prior express written consent of Nielsen Audio. Licensing agreements are available for expanded use or external distribution. For All Nielsen Audio data are subject to the qualifications and limitations stated in Nielsen further information, please call 703-818-2425 or email [email protected]. Audio’s reports. Due to these qualifications and limitations, the accuracy of Nielsen Audio’s data cannot be determined to any precise mathematical value or definition. BIA ADVISORY SERVICES, BIA FINANCIAL NETWORK, BIAfn, INVESTING IN RADIO, INVESTING IN TELEVISION, INVESTING IN NEWSPAPER, RA- DIO YEARBOOK, TELEVISION YEARBOOK, and MEDIA ACCESS PRO are trademarks of BIA Financial Network, Inc.

Investing In Radio ® 2019. Copyright © BIA Advisory Services, LLC. Unauthorized distribution prohibited. For permission: 703-818-2425 or [email protected] Disclaimer Notice Questions about the Investing in Radio® 2019 Ownership Report or other Every effort has been made to ensure the accuracy of the information BIA publications or services should be directed to: in this publication. Any errors detected or called to our attention, which BIA • 14150 Parkeast Cir, Ste 110, Chantilly, Virginia 20151 in our opinion are material, will be corrected in future releases. BIA Phone: (703) 818-2425 • E-mail: [email protected] assumes no liability for any errors or omissions in the information, and shall not be liable for any injuries or damages (including consequen- tial) which might result from its use. Keys and Codes General Codes for Sales Price cp A “cp” following the Power column indicates that the station ac Combo sale in adjacent market has a construction permit to change frequency, power, or its al Station sold for assumption of liabilities antenna height to upgrade its technical facilities. The station is cp Sale of construction permit for unbuilt station. also authorized to operate at the indicated power or height for testing purposes. c# AM/FM combo sale. The combo price is listed with the FM station. The number following the “c” identiﬁes the AM/FM combo involved. The AM and FM station will have the same HAAT Height Above Average Terrain for the transmitter antenna number following the “c”. d# Duopoly sale of two or more stations in the same service, either two FM’s or two AM’s. PPM Portable People Meters - electronic listening share data collec- tion device. d Distress sale dn Donation e Estimated sales price g Group sale. If a combo is involved, a number following the “g” will indicate the combo in that market. The AM and FM station will have the same number following the “g”. na No price available nc No cash consideration p Proposed sale st Transfer of stock or partnership interest sw Station swap + Plus additional considerations, (e.g., assumption of debt) Investing In Radio ® 2019. Copyright © BIA Advisory Services, LLC. Unauthorized distribution prohibited. For permission: 703-818-2425 or [email protected] Information About Investing in Radio® Ownership Report

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1 Ownership Contact Information Sales Price: Presented in thousands, this is the estimated price paid for the station. Company Name: This is the common name of the owning entity of the stations profiled. To the right of the price you may encounter a code that signifies the type of transac- NOTE: This may not be the licensee’s name. tion (see Keys & Codes). NOTE: Because the actual sales price of a station or group may vary from the reported price, caution should be exercised with respect to the Primary Contact: Either through survey responses or from FCC documentation, this use of these data. We have attempted to include the most recent ownership transfer is the primary contact provided for this owner. Unless instructed otherwise by the activity from 1981 to a point just prior to publication. If a sale was proposed but not profiled company, BIA lists the President, CEO, Managing Partner, Chairman or approved prior to publication, the owner listed is the proposed purchaser. Due to the other top executive position. complexity of the issue, major group purchase prices are not broken out among the Address: The address of the company’s headquarters is profiled. stations purchased. Phone and Fax: We provide the primary contact’s phone and fax numbers. 5 Format The format is the specific type of programming aired by the station. Format infor- 2 Nielsen Audio Market and Rank mation is based on announcements in trade publications and direct contact with the stations through frequent telephone surveys and annual mail surveys. For a list of Market: The name of the market(s) in which the profiled company’s stations are rated. formats and the abbreviations used by BIA, see Formats for Radio Stations on the This market is defined by Nielsen Audio. An asterisk (*) in front of market name following pages. indicates it is a PPM Market. Rank: The ranking of the market by size of 12+ population based on the U.S. cen- 6 Estimated Station Revenues sus. In an effort to improve the quality of this publication, we estimate revenues for the leading stations in most markets. BIA’s revenue estimates do not include trade/bar- ter, or production revenues. We utilize direct mail surveys, telemarketing, market 3 Technical Attributes contacts and computer modeling to generate these estimates. Despite this effort, we Call Letters: Listed in order of market rank, these are the licensed call letters of the must reiterate that these are just estimates. We view these estimates, however, as commercial radio stations licensed to the owner or proposed to be sold to this owner an important element to the book and encourage station operators and owners to (signified by a “p” after the Sales Price). participate in our surveys. Frequency: The frequency from which the station broadcasts on the AM or FM 7 Owner’s Total Estimated Revenues dial. This figure is the sum of the Nielsen Audio-rated market stations’ revenues estimated Power: The power in kilowatts at which the station transmits its signal. A “cp” indi- by BIA for this owner. Please note that this figure is just an estimate and may not cated next to the station’s power signifies that a construction permit has been filed include all the radio stations licensed to this owner. Some of the owner’s stations may for approval with the FCC to change the station’s technical operations. not be rated in a designated Nielsen Audio-rated market (a “non-Metro” station) and, HAAT/Night Power: For FMs the height above average terrain of the station’s center therefore, will not be profiled here. Also, BIA does not estimate revenues for every of radiation (antenna) with respect to its surrounding terrain in feet is featured in station in a Nielsen Audio-rated market for various reasons. this column. For AM stations, the number listed is the power at which the station is licensed to transmit at night. 8 Nielsen Audio Metro Shares BIA is licensed by Nielsen Audio to provide its Total Day, Average Quarter Hour 4 Station Acquisition Information (AQH) shares for persons 12 years and older. We profile the last four ratings periods Year Std: The year the station first went on the air. to enable the reader to analyze annual trends in a station’s performance. You will notice that Nielsen Audio rates some markets 4 times per year and others only 2 times Date Acq: The date (yymm) the station was acquired by this owner. If this is a pending (Fall and Spring). sale, a “p” will follow the date.

Investing In Radio ® 2019. Copyright © BIA Advisory Services, LLC. Unauthorized distribution prohibited. For permission: 703-818-2425 or [email protected] Information About Investing in Radio® Ownership Report Formats for Radio Stations

Because some radio stations air multiple formats, abbreviations are often used for formats in the Competitive Overview section. These abbreviations may appear by themselves or combined with other format abbreviations. The abbreviations, their expansions, and the major format categories in which BIA classiﬁes these formats are listed in the following table:

Abbreviation Short Abbrev. Full Format Name Major Format Category Abbreviation Short Abbrev. Full Format Name Major Format Category 70&80 7&8 70s & 80s Oldies Chrly Chy Charlie Adult Contemporary 70Hts 7Ht 70s Hits Oldies Kids Kds Children Miscellaneous 70sOd 70s 70s Oldies Oldies Chrst Cst Christian Religion 80&90 8&9 80s & 90s Oldies CCtmp CCt Christian Contemporary Religion 80Hts 8Ht 80s Hits Oldies Xmas Xms Christmas Seasonal 90&20 9&2 90s & 2000s Oldies ClHts CHt Classic Hits Oldies AAA AAA AAA Rock CsMOR CMR Classic MOR Middle of the Road AC AC AC Adult Contemporary ClRck CRk Classic Rock Album Oriented Rock/Classic Rock AOR AOR AOR Album Oriented Rock/Classic Rock Clscl Cls Classical Classical AdCHR ACH Adult CHR Contemporary Hit Radio/Top 40 Comdy Cdy Comedy Miscellaneous AdHts AHt Adult Hits Adult Contemporary Cntry Cty Country Country AdRck ARk Adult Rock Rock Creol Crl Creole Ethnic AdStd ASt Adult Standards Nostalgia/Big Band Cmbia Cmb Cumbia Spanish Altve Alt Alternative Rock DARK DRK DARK Dark - Not on air Amerc Amr Americana Country Dance Dnc Dance Contemporary Hit Radio/Top 40 Asian Asn Asian Ethnic DncOl DnO Dance Oldies Oldies Beach Bch Beach Oldies Divrs Dvs Diverse Miscellaneous BtfMs Btf Beautiful Music Easy Listening/Beautiful Music Easy Esy Easy Easy Listening/Beautiful Music BgBnd BBd Big Band Nostalgia/Big Band Ecltc Ecl Eclectic Miscellaneous Black Blk Black Urban Educa Edu Educational Public/Educational BkGsp BGp Black Gospel Religion Elect Etr Electronica Rock Blgrs Bgs Bluegrass Country Ethnc Eth Ethnic Ethnic Blues Blu Blues Urban Famly Fmy Family Hits Miscellaneous Bob Bob Bob Adult Contemporary Folk Flk Folk Miscellaneous BrtAC BtA Bright AC Adult Contemporary Frnch Fch French French BusNw BNw Business News News FuSvc FSv Full Service Middle of the Road CHR CHR CHR Contemporary Hit Radio/Top 40 Gospl Gsp Gospel Religion NOA NOA CP- Not On Air CP - Not On Air Greek Grk Greek Ethnic Cajun Cjn Cajun Ethnic Grupr Grp Grupero Spanish

Investing In Radio ® 2019. Copyright © BIA Advisory Services, LLC. Unauthorized distribution prohibited. For permission: 703-818-2425 or [email protected] Abbreviation Short Abbrev. Full Format Name Major Format Category Abbreviation Short Abbrev. Full Format Name Major Format Category Hwain Hwn Hawaiian Ethnic Publc Pub Public Public/Educational HpHop HHp Hip Hop Urban PubSv PbS Public Service News HotAC HtA Hot AC Adult Contemporary R&BOd R&B R&B Oldies Urban Hurbn Hur Hurban Spanish Rncha Rch Ranchera Spanish Info Inf Information Miscellaneous Regga Rga Reggae Miscellaneous Inspr Inp Inspiration Religion Regat Reg Reggaeton Spanish Intnl Int International Ethnic Relgn Rlg Religion Religion Jack Jck Jack Adult Contemporary RlgMs RMs Religious Music Religion Japns Jap Japanese Ethnic RhyBl R&B Rhythm & Blues Urban Jazz Jaz Jazz Jazz/New Age Rhymc Rym Rhythmic Contemporary Hit Radio/Top 40 Korea Krn Korean Ethnic Rock Rck Rock Rock Latno Lto Latino Spanish Rk&Rl R&R Rock & Roll Rock Lt AC LtA Lite AC Adult Contemporary RckAC RAC Rock AC Rock LtRck LRk Lite Rock Adult Contemporary Rmntc Rmn Romantic Spanish MOR MOR MOR Middle of the Road SAsan SAn South Asian Ethnic Mexcn Mex Mexican Spanish Sam Sam Sam Adult Contemporary MixAC Mix Mix AC Adult Contemporary SmJaz SJz Smooth Jazz Jazz/New Age ModAC MdA Modern AC Adult Contemporary SftAC SAC Soft AC Adult Contemporary MdRck MRk Modern Rock Rock SfHts SHt Soft Hits Adult Contemporary Motvl Mvl Motivational Talk SftRk SRk Soft Rock Adult Contemporary NAC NAC NAC Jazz/New Age SGspl SGp Southern Gospel Religion NPR NPR NPR Public/Educational Span Spn Spanish Spanish Nvajo Nvj Navajo Ethnic SpnAC SpA Spanish AC Spanish NwAge NAg New Age Jazz/New Age SpNws SpN Spanish News Spanish NwRck NRk New Rock Rock Sprts Spt Sports Sports News Nws News News Talk Tlk Talk Talk Nrtno Nrt Norteno Spanish Tejno Tej Tejano Spanish Nstlg Nst Nostalgia Nostalgia/Big Band Top40 T40 Top 40 Contemporary Hit Radio/Top 40 Oldes Old Oldies Oldies Trpcl Trp Tropical Spanish Polsh Pol Polish Ethnic Urban Urb Urban Urban Polka Pka Polka Miscellaneous UrbAC UAC Urban AC Urban Pop Pop Pop Contemporary Hit Radio/Top 40 UrCHR UCH Urban CHR Urban Portg Ptg Portuguese Ethnic UrCtp UrC Urban Contemporary Urban Pride Prd Pride Contemporary Hit Radio/Top 40 Varty Var Variety Miscellaneous Prgsv Pgv Progressive Rock VarHt VHt Variety Hits Miscellaneous