PR Newswire | Oct 20, 2021 10:59AM EDT

And Operations

10/20 09:58 CDT

Audacy Announces Acquisition Of WideOrbit Digital Audio Streaming Technology And OperationsEnables Audacy to Enhance and Accelerate its Digital Platform and Provide Audio Streaming and Monetization Services to Customers PHILADELPHIA, Oct. 20, 2021

PHILADELPHIA, Oct. 20, 2021 /PRNewswire/ -- 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.

CONTACTS:Ashok SinhaAudacy917-656-5800Ashok.Sinha@Audacy.com

Meredith TigerAudacy516-551-8511Meredith.Tiger@Audacy.com

David HeimAudacy908-472-3927David.Heim@Audacy.com

About AudacyAudacy, Inc. (NYSE: AUD) is a scaled, multi-platform audio content and entertainment company with the country's best radio broadcasting group, a leader in virtually every segment of audio, and America's #1 creator of original, premium audio. Audacy engages over 170 million consumers each month, bringing people together around the news, sports, podcasts and music that matter to them. Learn more at www.audacyinc.com, Facebook (Audacy Corp) and Twitter (@AudacyCorp).

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SOURCE Audacy