<SEC-DOCUMENT>0001193125-16-791567.txt : 20161213
<SEC-HEADER>0001193125-16-791567.hdr.sgml : 20161213
<ACCEPTANCE-DATETIME>20161213123902
ACCESSION NUMBER:		0001193125-16-791567
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20161208
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161213
DATE AS OF CHANGE:		20161213

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			iHeartMedia, Inc.
		CENTRAL INDEX KEY:			0001400891
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		IRS NUMBER:				260241222
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53354
		FILM NUMBER:		162048067

	BUSINESS ADDRESS:	
		STREET 1:		200 EAST BASSE ROAD
		STREET 2:		SUITE 100
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78209
		BUSINESS PHONE:		210-832-3314

	MAIL ADDRESS:	
		STREET 1:		200 EAST BASSE ROAD
		STREET 2:		SUITE 100
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78209

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CC Media Holdings Inc
		DATE OF NAME CHANGE:	20090721

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	C C Media Holdings Inc
		DATE OF NAME CHANGE:	20070730

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BT Triple Crown Capital Holdings III, Inc.
		DATE OF NAME CHANGE:	20070524
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d311042d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): December&nbsp;8, 2016 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>IHEARTMEDIA, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">000-53354</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">26-0241222</FONT></B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>200 East Basse Road, Suite 100 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>San Antonio, Texas 78209 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (210) <FONT STYLE="white-space:nowrap">822-2828</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.03.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;8, 2016, the
Board of Directors of iHeartMedia, Inc. (the &#147;Company&#148;) adopted resolutions authorizing a Fourth Amended and Restated Certificate of Incorporation (the &#147;New Charter&#148;), and on December&nbsp;12, 2016, the New Charter was approved
by the written consent of the Company&#146;s stockholders holding a majority of the votes entitled to be cast by all outstanding common stock of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The New Charter authorizes the issuance of 200,000,000 shares of a new class of <FONT STYLE="white-space:nowrap">non-voting</FONT> Class&nbsp;D Common Stock,
par value $0.001 per share (the &#147;Class&nbsp;D Common Stock&#148;). The shares of Class&nbsp;D Common Stock authorized by the New Charter may be issued without further approval from the Company&#146;s stockholders. The New Charter also
authorizes the issuance of 150,000,000 shares of &#147;blank check&#148; preferred stock, par value $0.001 per share (the &#147;Preferred Stock&#148;). The Board of Directors shall have the authority to establish one or more series of Preferred
Stock and fix relative rights and preferences of any series of Preferred Stock, without any further approval from the Company&#146;s stockholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
New Charter will become effective upon its filing with the Secretary of State of the State of Delaware, which is expected to occur on the twentieth (20<SUP STYLE="font-size:85%; vertical-align:top">th</SUP>) calendar day following the mailing of an
Information Statement on Schedule 14C to the Company&#146;s stockholders. A copy of the New Charter is attached hereto as Exhibit 3.1 and is incorporated herein by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;7.01.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regulation FD Disclosure. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Decision Regarding iHeartCommunications&#146; 5.50% Senior Notes due 2016
</U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Clear Channel Holdings, Inc. (&#147;CCH&#148;), a wholly-owned subsidiary of iHeartCommunications, owns $57.1&nbsp;million aggregate principal amount
of iHeartCommunications&#146; 5.50% Senior Notes due 2016 (the &#147;Senior Notes due 2016&#148;). On December&nbsp;9, 2016, a special committee of independent directors of the Company decided to not repay the $57.1&nbsp;million principal amount of
the Senior Notes due 2016 held by CCH when the notes mature on December&nbsp;15, 2016. On December&nbsp;12, 2016, iHeartCommunications informed CCH that it does not intend to repay the $57.1&nbsp;million principal amount of the Senior Notes due 2016
held by CCH when the notes mature on December&nbsp;15, 2016. CCH informed iHeartCommunications that, while it retains its right to exercise remedies under the indenture governing the Senior Notes due 2016 (the &#147;Legacy Note Indenture&#148;) in
the future, it does not currently intend to, and it does not currently intend to request that the trustee, seek to collect principal amounts due or exercise or request enforcement of any remedy with respect to the nonpayment of such principal amount
under the Legacy Notes Indenture. As a result, $57.1&nbsp;million of the Senior Notes due 2016 will remain outstanding, and the granting of certain additional security interests to certain of iHeartCommunications&#146; lenders and the holders of
iHeartCommunications&#146; priority guarantee notes will not occur. iHeartCommunications intends to repay in full the other $192.9&nbsp;million of Senior Notes due 2016 held by other holders on December&nbsp;15, 2016, and intends to continue to pay
interest on the Senior Notes due 2016 held by CCH for so long as such notes continue to remain outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For as long as iHeartCommunications has at
least $500&nbsp;million of legacy notes outstanding, including the $57.1&nbsp;million of Senior Notes due 2016 currently held by CCH, it will not have an obligation to grant certain additional security interests in favor of certain of its lenders
and its priority guarantee note holders (or the holders of its legacy notes) under the &#147;springing lien&#148; described in the agreements governing that indebtedness, and the limitations existing with respect to the existing security interests
will remain in place until up to 60 days following the date on which not more than $500&nbsp;million aggregate principal amount of the legacy notes remain outstanding. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Texas Litigation </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;12, 2016,
iHeartCommunications initiated an action against the indenture trustees under the indentures governing iHeartCommunications&#146; priority guarantee notes and Citibank, N.A. as administrative agent under iHeartCommunications&#146; term loans, which
is styled as <I>iHeartCommunications, Inc., f/k/a Clear Channel Communications, Inc., et al. v. U.S. Bank National Association, et al.</I>, and an action against the indenture trustee under the Legacy Note Indenture, which is styled as
<I>iHeartCommunications, Inc., f/k/a Clear Channel Communications, Inc., et al. v. The Bank of New York, n/k/a The Bank of New York Mellon Corporation</I>, in the District Court of Bexar County, Texas (the &#147;Texas Court&#148;).
iHeartCommunications is seeking a </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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declaration by the Texas Court that (i)&nbsp;the $57.1&nbsp;million of Senior Notes due 2016 held by CCH are outstanding and will remain outstanding until they are canceled or repaid, and
(ii)&nbsp;iHeartCommunications and the other plaintiffs will not be obligated to grant the &#147;springing lien&#148; to certain holders of iHeartCommunications&#146; debt and will not be obligated to do so unless and until 60 days after there is an
additional repayment or cancellation of legacy notes such that the amount of legacy notes outstanding falls to $500&nbsp;million or less. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On
December&nbsp;13, 2016, the Company issued a press release announcing the decision regarding the Senior Notes due 2016 and the Texas litigation. A copy of the press release is attached as Exhibit 99.1 hereto. In accordance with General Instruction
B.2 of <FONT STYLE="white-space:nowrap">Form&nbsp;8-K,</FONT> the information in Item 7.01 of this report, including Exhibit 99.1, shall not be deemed &#147;filed&#148; for the purposes of Section&nbsp;18 of the Securities Exchange Act of 1934 (the
&#147;Exchange Act&#148;) or otherwise subject to the liabilities of that section, nor shall such information, including Exhibit 99.1, be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as
shall be expressly set forth by specific reference in such filing. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Exhibits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following documents are filed herewith: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:23.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit<BR>No.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:37.25pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Description</P></TD></TR>


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<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.1</TD>
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<TD VALIGN="top">Fourth Amended and Restated Certificate of Incorporation of iHeartMedia, Inc.</TD></TR>
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<TD VALIGN="top" NOWRAP>99.1</TD>
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<TD VALIGN="top">Press Release of iHeartMedia, Inc., dated December&nbsp;13, 2016.</TD></TR>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"><B>IHEARTMEDIA, INC.</B></TD></TR>
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<TD VALIGN="top">Date: December&nbsp;13, 2016</TD>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Lauren E. Dean</P></TD></TR>
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<TD VALIGN="top">Lauren E. Dean</TD></TR>
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<TD VALIGN="top">Vice President, Associate General Counsel and Assistant Secretary</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXHIBIT INDEX </U></B></P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:28.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


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<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Fourth Amended and Restated Certificate of Incorporation of iHeartMedia, Inc.</TD></TR>
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<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release of iHeartMedia, Inc., dated December&nbsp;13, 2016.</TD></TR>
</TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 3.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FOURTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>IHEARTMEDIA, INC.
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned, Richard J. Bressler, certifies that he is the President, Chief Operating Officer and Chief Financial Officer of
iHeartMedia, Inc., a corporation organized and existing under the laws of Delaware, and does hereby further certify as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) The
name of the Corporation is &#147;iHeartMedia, Inc.&#148; (the &#147;<U>Corporation</U>&#148;). The name under which the Corporation was originally incorporated was BT Triple Crown Capital Holdings III, Inc. The Certificate of Incorporation of the
Corporation was filed with the Secretary of State of the State of Delaware on May&nbsp;11, 2007 and the Amended and Restated Certificate of Incorporation of the Corporation was filed with the Secretary of State of the State of Delaware on
May&nbsp;17, 2007. The Second Amended and Restated Certificate of Incorporation was filed with the Secretary of State of the State of Delaware on May&nbsp;29, 2007. The Second Amended and Restated Certificate of Incorporation was amended to amend
the name of the Corporation to &#147;CC Media Holdings, Inc.&#148; by the filing of a Certificate of Amendment with the Secretary of State of the State of Delaware on July&nbsp;30, 2007. The Third Amended and Restated Certificate of Incorporation
was filed with the Secretary of the State of Delaware on March&nbsp;25, 2008. The Third Amended and Restated Certificate of Incorporation was amended to amend the name of the Corporation to &#147;iHeartMedia, Inc.&#148; by the filing of a
Certificate of Amendment with the Secretary of State of the State of Delaware on September&nbsp;16, 2014. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) This Fourth Amended and
Restated Certificate of Incorporation amends and restates the Third Amended and Restated Certificate of the Incorporation of the Corporation, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(C) This Fourth Amended and Restated Certificate of Incorporation has been duly adopted in accordance with Sections 228, 242 and 245 of the
General Corporation Law of the State of Delaware (the &#147;<U>DGCL</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(D) This Fourth Amended and Restated Certificate of
Incorporation will be effective upon its filing with the Secretary of State of the State of Delaware. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(E) Pursuant to Sections 228, 242
and 245 of the DGCL, the text of the Certificate of Incorporation of the Corporation is hereby amended and restated in its entirety as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE I. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.01
<U>Name</U>. The name of this corporation is iHeartMedia, Inc. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE II. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.01 <U>Registered Office</U>. The registered office of the Corporation in the State of Delaware is located at 1209 Orange
Street&#150;Corporation Trust Center, Wilmington, County of New Castle, Delaware 19801. The name of its registered agent at such address is The Corporation Trust Company. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE III. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.01 <U>Purpose</U>. The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be
organized under the General Corporation Law of the State of Delaware. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE IV. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.01 <U>Capitalization</U>. The total number of shares of capital stock that the Corporation shall have authority to issue is one
billion (1,000,000,000) shares of Common Stock, par value $0.001 per share, of which (i) four hundred million (400,000,000) shares shall be designated as Class&nbsp;A Common Stock, (ii) one hundred fifty million (150,000,000) shares shall be
designated as Class&nbsp;B Common Stock, (iii) one hundred million (100,000,000) shares shall be designated as Class&nbsp;C Common Stock, (iv) two hundred million (200,000,000) shares shall be designated as Class&nbsp;D Common Stock and (v) one
hundred fifty million (150,000,000) shares shall be designated as shares of Preferred Stock, par value $.01 per share (the &#147;<U>Preferred Stock</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.02 <U>Preferred Stock</U>. Shares of Preferred Stock may be issued from time to time in one or more series. The board of
directors of the Corporation (the &#147;<U>Board of Directors</U>&#148;) is hereby authorized by resolution or resolutions to provide, out of the unissued shares of Preferred Stock, for series of Preferred Stock and, with respect to each such
series, to fix the voting powers, if any, designations, preferences and the relative, participating, optional or other special rights, if any, and any qualifications, limitations or restrictions thereof, of any such series, and to fix the number of
shares constituting such series, and to increase or decrease the number of shares of any such series (but not below the number of shares thereof then outstanding). The authority of the Board of Directors with respect to each series of Preferred
Stock shall include, but not be limited to, determination of the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) the designation of the series, which may
be by distinguishing number, letter or title; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) the number of shares of the series, which number the Board of Directors
may thereafter increase or decrease (but not below the number of shares thereof then outstanding); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) whether dividends,
if any, shall be cumulative or noncumulative and the dividend rate of the series; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4) dates at which dividends, if any,
shall be payable; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5) the redemption rights and price or prices, if any, for shares of the series; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(6) the terms and amount of any sinking fund provided for the purchase or redemption of shares of the series; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(7) the amounts payable on, and the preferences, if any, of shares of the series
in the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(8)
whether the shares of the series shall be convertible into shares of any other class or series, or any other security, of the Corporation or any other entity, and, if so, the specification of such other class or series of such other security, the
conversion price or prices or rate or rates, any adjustments thereof, the date or dates at which such shares shall be convertible and all other terms and conditions upon which such conversion may be made; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(9) restrictions on the issuance of shares of the same series or of any other class or series; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(10) the voting rights, if any, of the holders of shares of the series. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.03 <U>Common Stock</U>. Except as provided in this Section&nbsp;4.03 or as otherwise required by the DGCL, all shares of
Class&nbsp;A Common Stock, Class&nbsp;B Common Stock, Class&nbsp;C Common Stock and Class&nbsp;D Common Stock shall have the same powers, privileges, preferences and relative participating, optional or other special rights, and the qualifications,
limitations or restrictions thereof, and shall be identical to each other in all respects. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Voting Rights and
Powers</U>. Except as otherwise provided in this Fourth Amended and Restated Certificate of Incorporation or required by law, and subject to any voting rights that may be granted to holders of Preferred Stock pursuant to the provisions of a
Certificate of Designations, with respect to all matters upon which stockholders are entitled to vote, the holders of the outstanding shares of Class&nbsp;A Common Stock and Class&nbsp;B Common Stock shall vote together with the holders of any other
outstanding shares of capital stock of the Corporation entitled to vote, without regard to class. Every holder of outstanding shares of Class&nbsp;A Common Stock shall be entitled to cast thereon one vote in person or by proxy for each share of
Class&nbsp;A Common Stock standing in his name. Every holder of outstanding shares of Class&nbsp;B Common Stock shall be entitled to cast thereon, in person or by proxy, for each share of Class&nbsp;B Common Stock, a number of votes equal to the
number obtained by dividing (x) the sum of total number of shares of Class&nbsp;B Common Stock outstanding as of the record date for such vote and the number of Class&nbsp;C Common Stock outstanding as of the record date for such vote by (y) the
number of shares of Class&nbsp;B Common Stock outstanding as of the record date for such vote. The affirmative vote of the holders of a majority of the voting power of the Class&nbsp;A Common Stock and Class&nbsp;B Common Stock, on a combined basis,
as of any time in accordance with this Section 4.03(a), is referred to herein as the &#147;<U>Majority Common Stock Approval</U>&#148;. Except as otherwise required by law, the holders of outstanding shares of Class&nbsp;C Common Stock and
Class&nbsp;D Common Stock shall not be entitled to any votes upon any questions presented to stockholders of the Corporation, including, but not limited to, whether to increase or decrease the number of authorized shares of Class&nbsp;C Common Stock
or Class&nbsp;D Common Stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U>Dividends</U>. Except as otherwise required by the DGCL and subject to the
provisions of any Certificate of Designations, the holders of Class&nbsp;A Common Stock, Class&nbsp;B Common Stock, Class&nbsp;C Common Stock and Class&nbsp;D Common Stock shall be entitled to receive ratably such dividends, other than Share
Distributions (as hereinafter defined), as may from time to time be declared by the Board of Directors out of funds legally available therefor. The Board of Directors may, at its discretion, declare a dividend of any securities of the Corporation or
of any other corporation, limited liability company, partnership, joint venture, trust or other legal entity (a &#147;<U>Share Distribution</U>&#148;) to the holders of shares of Class&nbsp;A Common Stock, Class&nbsp;B Common Stock, Class&nbsp;C
Common Stock and Class&nbsp;D Common Stock (i) on the basis of a ratable distribution of identical securities to holders of shares of Class&nbsp;A Common Stock, Class&nbsp;B Common Stock, Class&nbsp;C Common Stock and Class&nbsp;D Common Stock or
(ii) on the basis of a distribution of one class or series of securities to holders of shares of Class&nbsp;A Common Stock and one or more different classes or series of securities to holders of Class&nbsp;B Common Stock, Class&nbsp;C Common Stock
and Class&nbsp;D Common Stock, as applicable, provided that the securities so distributed (and, if the distribution consists of convertible or exchangeable securities, the securities into which such convertible or exchangeable securities are
convertible or for which they are exchangeable) do not differ in any respect other than (x) differences in conversion rights consistent in all material respects with differences in conversion rights between Class&nbsp;A Common Stock, Class&nbsp;B
Common Stock, Class&nbsp;C Common Stock and Class&nbsp;D Common Stock and (y) differences in their voting rights and powers so long as immediately following any Share Distribution, the ratio of the total number of votes exercisable in the aggregate
by the holders of the Class&nbsp;B Common Stock and the Class&nbsp;C Common Stock (whether attributable to the shares of Class&nbsp;B Common Stock or Class&nbsp;C Common Stock or the securities so distributed (and, if the distribution consists of
convertible or exchangeable securities, the securities into which such convertible or exchangeable securities are convertible or for which they are exchangeable)) to the total number of votes exercisable by the holders of the Class&nbsp;A Common
Stock (whether attributable to the shares of Class&nbsp;A Common Stock or the securities so distributed (and, if the distribution consists of convertible or exchangeable securities, the securities into which such convertible or exchangeable
securities are convertible or for which they are exchangeable)), does not exceed the ratio existing immediately prior to such Share Distribution; provided, that the Board of Directors may, at its election, exclude holders of Class&nbsp;D Common
Stock from a Share Distribution of securities of another entity (and not make any adjustments to outstanding warrants or options to acquire Class&nbsp;D Common Stock as a result of such Share Distribution) if the Board of Directors determines that
securities of such other entity that would be distributed to holders of Class&nbsp;D Common Stock or holders of warrants or options to acquire Class&nbsp;D Common Stock in such Share Distribution were previously issued in connection with the initial
issuance of Class&nbsp;D Common Stock or the initial issuance of warrants or options to acquire Class&nbsp;D Common Stock. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>Distribution of Assets Upon Liquidation</U>. In the event the Corporation shall be liquidated, dissolved or wound up,
whether voluntarily or involuntarily, after payment in full of the amounts required to be paid to the holders of Preferred Stock pursuant to the provisions of a Certificate of Designations, the remaining net assets of the Corporation shall be
divided ratably among the holders of Class&nbsp;A Common Stock, Class&nbsp;B Common Stock, Class&nbsp;C Common Stock and Class&nbsp;D Common Stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <U>Split, Subdivision or Combination</U>. If the Corporation shall in any
manner split, subdivide or combine the outstanding shares of Class&nbsp;A Common Stock, Class&nbsp;B Common Stock, Class&nbsp;C Common Stock or Class&nbsp;D Common Stock, whether by reclassification, Share Distribution or otherwise, the outstanding
shares of the other classes of Common Stock shall be proportionally split, subdivided or combined in the same manner and on the same basis as the outstanding shares of the other class of Common Stock have been split, subdivided or combined, whether
by reclassification, Share Distribution or otherwise. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <U>Conversion</U>. Subject to the limitations set forth in
Section&nbsp;10.03, each record holder of shares of Class&nbsp;B Common Stock or Class&nbsp;C Common Stock may convert any or all of such shares into an equal number of shares of Class&nbsp;A Common Stock by delivering written notice to the
Corporation&#146;s transfer agent stating that such record holder desires to convert such shares into the same number of shares of Class&nbsp;A Common Stock and requesting that the Corporation issue all of such Class&nbsp;A Common Stock to the
persons named therein, setting forth the number of shares of Class&nbsp;A Common Stock to be issued to each such person (and, in the case of a request for registration in a name other than that of such record holder, providing proper evidence of
succession, assignation or authority to transfer), accompanied by payment of documentary, stamp or similar issue or transfer taxes, if any. Shares of Class&nbsp;D Common Stock are not convertible into any other class or series of stock. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) <U>Certain Voting Rights</U>. In addition to any other approval required by law or by this Fourth Amended and Restated
Certificate of Incorporation, any consolidation of the Corporation with another corporation or entity, any merger of the Corporation into another corporation or entity or any merger of any other corporation or entity into the Corporation pursuant to
which shares of Common Stock are converted into or exchanged for any securities or any other consideration shall require Majority Common Stock Approval. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.04 <U>Change in Number of Shares Authorized</U>. Except as otherwise provided in the provisions establishing a class of Common
Stock, the number of authorized shares of any class or series of Common Stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the voting power of the
Corporation entitled to vote irrespective of the provisions of Section 242(b)(2) of the General Corporation Law of the State of Delaware. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE V. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.01
<U>Power of the Board of Directors</U>. The property and business of the Corporation shall be controlled and managed by or under the direction of its Board of Directors. In furtherance, and not in limitation, of the powers conferred by the laws of
the State of Delaware, the Board of Directors is expressly authorized: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) To adopt, amend, alter and repeal the <FONT
STYLE="white-space:nowrap">by-laws</FONT> of the Corporation without the assent or vote of the stockholders, in any manner not inconsistent with the laws of the State of Delaware or this Fourth Amended and Restated Certificate of Incorporation;
<U>provided</U> that no <FONT STYLE="white-space:nowrap">by-laws</FONT> hereafter adopted shall invalidate any prior act of the directors that would have been valid if such <FONT STYLE="white-space:nowrap">by-laws</FONT> had not been adopted; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) To determine the rights, powers, duties, rules and procedures that affect the
power of the Board of Directors to manage and direct the property, business and affairs of the Corporation, including, without limitation, the power to designate and empower committees of the Board of Directors, to elect, appoint and empower the
officers and other agents of the Corporation, and to determine the time and place of, and the notice requirements for, Board meetings, as well as the manner of taking Board action; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) To exercise all such powers and do all such acts as may be exercised by the Corporation, subject to the provisions of the
laws of the State of Delaware, this Fourth Amended and Restated Certificate of Incorporation, and the <FONT STYLE="white-space:nowrap">by-laws</FONT> of the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.02 <U>Election of Directors</U>. The directors of the Corporation shall be composed and elected as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The size of the Board of Directors shall be as determined in accordance with the Corporation&#146;s <FONT
STYLE="white-space:nowrap">by-laws,</FONT> as in effect from time to time, subject to the rights of the holders of any series of Preferred Stock to elect directors under specified circumstances, except that, for so long as any shares of Class&nbsp;A
Common Stock are outstanding, the holders of Class&nbsp;A Common Stock will be entitled to elect at least two (2)&nbsp;independent directors as provided in clause (b)&nbsp;of this Section&nbsp;5.02; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) For so long as any shares of Class&nbsp;A Common Stock are outstanding, the holders of Class&nbsp;A Common Stock, voting as
a separate class, will have the right to elect at least two (2)&nbsp;independent directors; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Other than directors
who may be elected by the holders of any series of Preferred Stock under specified circumstances, the holders of Class&nbsp;A Common Stock and Class&nbsp;B Common Stock, voting together as a single class (with each share entitled to the number of
votes specified in Section 4.03(a)) will have to power to elect all other directors of the Corporation in accordance with the provisions of the Corporation&#146;s <FONT STYLE="white-space:nowrap">by-laws</FONT> and applicable law, each as in effect
from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The election of directors need not be by written ballot unless the <FONT STYLE="white-space:nowrap">by-laws</FONT>
shall so require. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.03 <U>Liability of Directors</U>. A director of the Corporation shall not be liable to the Corporation
or its stockholders for monetary damages for breach of fiduciary duty as a director, except to the extent that exculpation from liability is not permitted under the DGCL as in effect at the time such liability is determined. No amendment or repeal
of this Section&nbsp;5.03 shall apply to or have any effect on the liability or alleged liability of any director of the Corporation for or with respect to any acts or omissions of such director occurring prior to such amendment or repeal. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.04 <U>Removal of Directors</U>. Except as otherwise provided by a Certificate of
Designations, any or all directors of the Corporation may be removed at any time either with or without cause by the affirmative vote of holders of at least a majority of the voting power of all the then outstanding shares of stock of the
Corporation entitled to vote generally in the election of directors, voting as a single class; except that any independent director elected pursuant to the provisions of Section 5.02(b) may not be so removed, other than for cause, without the
affirmative vote of holders of a majority of the then outstanding Class&nbsp;A Common Stock. Any vacancies created as a result of the removal of any independent director elected pursuant to the provisions of Section 5.02(b) may only be filled by the
holders of Class&nbsp;A Common Stock, voting as a separate class in accordance with Section 5.02(b) at a special meeting of the stockholders of the Corporation and the Corporation shall use reasonable efforts to call such meeting. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE VI. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.01
<U>Indemnification</U>. The Corporation shall, to the maximum extent permitted from time to time under the law of the State of Delaware, indemnify and upon request advance expenses to any person who is or was a party or is threatened to be made a
party to any threatened, pending or completed action, suit, proceeding or claim, whether civil, criminal, administrative or investigative, by reason of the fact that such person is or was or has agreed to be a director or officer of the Corporation
or while a director or officer is or was serving at the request of the Corporation as a director, officer, partner, trustee, employee or agent of any corporation, partnership, joint venture, trust or other enterprise, including service with respect
to employee benefit plans, against expenses (including attorney&#146;s fees and expenses), judgments, fines, penalties and amounts paid in settlement incurred (and not otherwise recovered) in connection with the investigation, preparation to defend
or defense of such action, suit, proceeding or claim; <U>provided</U>, <U>however</U>, that the foregoing shall not require the Corporation to indemnify or advance expenses to any person in connection with any action, suit, proceeding, claim or
counterclaim initiated by or on behalf of such person. Such indemnification shall not be exclusive of other indemnification rights arising under any <FONT STYLE="white-space:nowrap">by-law,</FONT> agreement, vote of directors or stockholders or
otherwise and shall inure to the benefit of the heirs and legal representatives of such person. Any person seeking indemnification under this Section&nbsp;6.01 shall be deemed to have met the standard of conduct required for such indemnification
unless the contrary shall be established. Any repeal or modification of the foregoing provisions of this Section&nbsp;6.01 shall not adversely affect any right or protection of a director or officer of the Corporation with respect to any acts or
omissions of such director or officer occurring prior to such repeal or modification. The Corporation may maintain insurance, at its expense, to protect itself and any director, officer, or representative against any such expense, liability or loss,
whether or not the Corporation would have the power to indemnify him against such expense, liability or loss under the DGCL. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE VII. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.01 <U>Reservation of Right to Amend</U>. The Corporation reserves the right to amend, alter, change or repeal any provision
contained in this Fourth Amended and Restated Certificate of Incorporation in the manner now or hereafter prescribed by law, and all the provisions of this Fourth Amended and Restated Certificate of Incorporation and all rights and powers conferred
in this Fourth Amended and Restated Certificate of Incorporation on stockholders, directors and officers are subject to this reserved power. Notwithstanding the foregoing, the Corporation shall not amend this Fourth Amended and Restated Certificate
of Incorporation in a manner that would alter or change the powers, preferences or special rights of the Class&nbsp;A Common Stock in a manner that would not so affect all classes of Common Stock without the consent of holders of a majority of the
then-outstanding shares of Class&nbsp;A Common Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.02 <U>Construction</U>. Each reference in this Fourth Amended and
Restated Certificate of Incorporation to &#147;the Fourth Amended and Restated Certificate of Incorporation,&#148; &#147;hereunder,&#148; &#147;hereof,&#148; or words of like import and each reference to the Fourth Amended and Restated Certificate
of Incorporation set forth in any amendment to the Fourth Amended and Restated Certificate of Incorporation shall mean and be a reference to the Fourth Amended and Restated Certificate of Incorporation, as supplemented and amended through such
amendment to the Fourth Amended and Restated Certificate of Incorporation. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE VIII. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.01 <U>Records</U>. The books of the Corporation may (subject to any statutory requirements) be kept outside the State of
Delaware as may be designated by the Board of Directors or in the <FONT STYLE="white-space:nowrap">by-laws</FONT> of the Corporation. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE IX. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.01
<U>Renunciation of Business Opportunities Doctrine</U>. To the maximum extent permitted from time to time under the law of the State of Delaware, the Corporation renounces any interest or expectancy of the Corporation in, or in being offered an
opportunity to participate in, business opportunities that are from time to time presented to its officers, directors or stockholders, other than those officers, directors or stockholders who are employees of the Corporation. No amendment or repeal
of this Section&nbsp;9.01 shall apply to or have any effect on the liability or alleged liability of any officer, director or stockholder of the Corporation for or with respect to any opportunities of which such officer, director or stockholder
becomes aware prior to such amendment or repeal. To the fullest extent permitted by law, any Person purchasing or otherwise acquiring any interest in any shares of capital stock of the Corporation shall be deemed to have notice of and to have
consented to the provisions of this Section&nbsp;9.01. As used herein, &#147;<U>Person</U>&#148; shall mean any individual, corporation, general or limited partnership, limited liability company, joint venture, trust association or any other entity.
</P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE X. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.01 <U>Restrictions on Stock Ownership or Transfer</U>. As contemplated by this Article X, the Corporation may restrict the
ownership, or proposed ownership, of shares of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
capital stock of the Corporation by any Person if such ownership or proposed ownership (a)&nbsp;is or could be inconsistent with, or in violation of, any provision of the Federal Communications
Laws (as hereinafter defined) as applicable to such Person or the Corporation, (b)&nbsp;limits or impairs or could limit or impair any business activities or proposed business activities of the Corporation under the Federal Communications Laws or
(c)&nbsp;subjects or could subject the Corporation to any regulation under the Federal Communications Laws to which the Corporation would not be subject but for such ownership or proposed ownership (clauses (a), (b) and (c)&nbsp;collectively,
&#147;<U>FCC Regulatory Limitations</U>&#148;). For purposes of this Article X, the term &#147;<U>Federal Communications Laws</U>&#148; shall mean any law of the United States now or hereafter in effect (and any regulation thereunder), including,
without limitation, the Communications Act of 1934, as amended (the &#147;<U>Communications Act</U>&#148;), and regulations thereunder, pertaining to the ownership and/or operation or regulating the business activities of (x)&nbsp;any television or
radio station, cable television system or other medium of mass communications or (y)&nbsp;any provider of programming content to any such medium. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.02 <U>Requests for Information</U>. If the Corporation believes that the ownership or proposed ownership of shares of capital
stock of the Corporation by any Person may result in an FCC Regulatory Limitation, such Person shall furnish promptly to the Corporation such information (including, without limitation, information with respect to citizenship, other ownership
interests and affiliations) as the Corporation shall request. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.03 <U>Denial of Rights, Refusal to Transfer</U>. If
(a)&nbsp;any Person from whom information is requested pursuant to Section&nbsp;10.02 should not provide all the information requested by the Corporation, or (b)&nbsp;the Corporation shall conclude that a stockholder&#146;s ownership or proposed
ownership of, or that a stockholder&#146;s exercise of any rights of ownership with respect to, shares of capital stock of the Corporation results or could result in an FCC Regulatory Limitation, then, in the case of either clause (a)&nbsp;or clause
(b), the Corporation may (i)&nbsp;refuse to permit the transfer of shares of capital stock of the Corporation to such proposed stockholder, (ii)&nbsp;suspend those rights of stock ownership the exercise of which causes or could cause such FCC
Regulatory Limitation, (iii)&nbsp;require the conversion of any or all shares of Class&nbsp;A Common Stock or Class&nbsp;B Common Stock held by such stockholder into an equal number of shares of Class&nbsp;C Common Stock, (iv)&nbsp;refuse to permit
the conversion of shares of Class&nbsp;B Common Stock or Class&nbsp;C Common Stock into Class&nbsp;A Common Stock, (v)&nbsp;redeem such shares of capital stock of the Corporation held by such stockholder in accordance with the terms and conditions
set forth in this Section&nbsp;10.03, and/or (vi)&nbsp;exercise any and all appropriate remedies, at law or in equity, in any court of competent jurisdiction, against any such stockholder or proposed transferee, with a view towards obtaining such
information or preventing or curing any situation which causes or could cause an FCC Regulatory Limitation. Any such refusal of transfer, suspension of rights or refusal to convert pursuant to clauses (i), (ii) and (iv), respectively, of the
immediately preceding sentence shall remain in effect until the requested information has been received and the Corporation has determined that such transfer, or the exercise of such suspended rights, as the case may be, will not result in an FCC
Regulatory Limitation. The terms and conditions of redemption pursuant to clause (v)&nbsp;of this Section&nbsp;10.03 shall be as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) the redemption price of any shares to be redeemed pursuant to this Section&nbsp;10.03 shall be equal to the Fair Market
Value (as hereinafter defined) of such shares; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) the redemption price of such shares may be paid in cash, Redemption
Securities (as hereinafter defined) or any combination thereof; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) if less than all such shares are to be redeemed, the
shares to be redeemed shall be selected in such manner as shall be determined by the Board of Directors, which may include selection first of the most recently purchased shares thereof, selection by lot or selection in any other manner determined by
the Board of Directors; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) at least 15 days&#146; written notice of the Redemption Date (as hereinafter defined) shall
be given to the record holders of the shares selected to be redeemed (unless waived in writing by any such holder); <U>provided</U> that the Redemption Date may be the date on which written notice shall be given to record holders if the cash or
Redemption Securities necessary to effect the redemption shall have been deposited in trust for the benefit of such record holders and subject to immediate withdrawal by them upon surrender of the stock certificates for their shares to be redeemed;
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) from and after the Redemption Date, any and all rights of whatever nature in respect of the shares selected for
redemption (including, without limitation, any rights to vote or participate in dividends declared on stock of the same class or series as such shares), shall cease and terminate and the holders of such shares shall thenceforth be entitled only to
receive the cash or Redemption Securities payable upon redemption; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vi) such other terms and conditions as the Board
of Directors shall determine. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.04 <U>Legends</U>. The Corporation shall instruct the Corporation&#146;s transfer agent
that the shares of capital stock of the Corporation are subject to the restrictions set forth in this Article X and such restrictions shall be noted conspicuously on the certificate or certificates representing such capital stock or, in the case of
uncertificated securities, contained in the notice or notices sent as required by applicable law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.05 <U>Certain
Construction</U>. For purposes of this Article X, the word &#147;regulation&#148; shall include not only regulations but rules, published policies and published controlling interpretations by an administrative agency or body empowered to administer
a statutory provision of the Federal Communications Laws. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE XI. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;11.01 <U>Certain Definitions</U>. As used herein, certain capitalized terms shall have the definitions set forth below. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) &#147;<U>Certificate of Designations</U>&#148; shall mean the resolution or resolutions adopted by the Board of Directors
designating the rights, powers and preferences of any series of Preferred Stock and the Certificate of Designations filed by the Corporation with respect thereto. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) &#147;<U>Fair Market Value</U>&#148; shall mean, with respect to a share of the Corporation&#146;s capital stock of any
class or series, the volume weighted average sales price for such a share on the New York Stock Exchange or, if such stock is not listed on </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
such exchange, on the principal U.S. registered securities exchange on which such stock is listed, during the 30 most recent days on which shares of stock of such class or series shall have been
traded preceding the day on which notice of redemption shall be given pursuant to Section&nbsp;10.03; <U>provided</U>, however, that if shares of stock of such class or series are not listed or traded on any securities exchange, &#147;Fair Market
Value&#148; shall be determined by the Board of Directors in good faith; and provided, further, that &#147;Fair Market Value&#148; as to any stockholder who purchased his stock within 120 days of a Redemption Date need not (unless otherwise
determined by the Board of Directors) exceed the purchase price paid by him. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(C) &#147;<U>Merger Agreement</U>&#148; shall
mean the Agreement and Plan of Merger, dated as of November&nbsp;16, 2006, by and among BT Triple Crown Merger Co., Inc., B Triple Crown Finco, LLC, T Triple Crown Finco, LLC and Clear Channel Communications, Inc., as amended. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(D) &#147;<U>Redemption Date</U>&#148; shall mean the date fixed by the Board of Directors for the redemption of any shares of
stock of the Corporation pursuant to Section&nbsp;10.03. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(E) &#147;<U>Redemption Securities</U>&#148; shall mean any debt
or equity securities of the Corporation, any subsidiary of the Corporation or any other corporation or other entity, or any combination thereof, having such terms and conditions as shall be approved by the Board of Directors and which, together with
any cash to be paid as part of the redemption price, in the opinion of any nationally recognized investment banking firm selected by the Board of Directors (which may be a firm which provides other investment banking, brokerage or other services to
the Corporation), has a value, at the time notice of redemption is given pursuant to Section&nbsp;10.03, at least equal to the Fair Market Value of the shares to be redeemed pursuant to Section&nbsp;10.03 (assuming, in the case of Redemption
Securities to be publicly traded, such Redemption Securities were fully distributed and subject only to normal trading activity). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE
XII. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.01 <U>Opt Out of DGCL 203</U>. The Corporation shall not be governed by Section&nbsp;203 of the General Corporation
Law of the State of Delaware </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE XIII. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;13.01 <U>Action by Written Consent</U>. Any action required or permitted to be taken at any annual or special meeting of
stockholders of the Corporation may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock of the Corporation
having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation by delivery to its
registered office in Delaware, its principal place of business, or to an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded; <U>provided</U>, however, that if at any time the
holders of shares of Class&nbsp;B Common Stock or Class&nbsp;C Common Stock that held such shares as </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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of the Closing Date (as defined in the Merger Agreement) no longer are the beneficial owners, in the aggregate, of at least a majority of the voting power of all the then outstanding shares of
stock of the Corporation entitled to vote generally in the election of directors, then any action required or permitted to be taken at any annual or special meeting of stockholders of the Corporation must be effected at a duly called annual or
special meeting of such stockholders and may no longer be effected by any consent in writing; <U>provided</U>, further, that for so long as any shares of Class&nbsp;A Common Stock are outstanding, any action that is taken without a meeting by a
written consent or consents of the requisite stockholders of the Corporation shall become effective on the tenth business day after public announcement by the Corporation of the adoption of the consent. The Corporation&#146;s <FONT
STYLE="white-space:nowrap">by-laws</FONT> may establish procedures regulating the submission by stockholders of nominations and proposals for consideration at meetings of stockholders of the Corporation. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THE UNDERSIGNED, hereby certifies that the facts stated above are true as of this
&nbsp;&nbsp;&nbsp;&nbsp; day of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">

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<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Richard J. Bressler</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
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<TD VALIGN="top">President, Chief Operating Officer and Chief Financial Officer</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>iHeartMedia, Inc. Announces Decision Regarding Its 5.50% Senior Notes Due 2016 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>San Antonio, TX, December</B><B></B><B>&nbsp;13, 2016 &#150; </B>iHeartMedia, Inc. (PINK: IHRT) today announced a decision to not repay the
$57.1&nbsp;million of the 5.50% Senior Notes due December&nbsp;15, 2016 (&#147;2016 Legacy Notes&#148;) held by affiliate Clear Channel Holdings, Inc. (&#147;CCH&#148;) when the notes mature on December&nbsp;15, 2016. The decision, made by a Special
Committee of independent directors, is part of the Company&#146;s ongoing efforts to proactively address its capital structure, while maximizing the value of its assets. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">While the $192.9&nbsp;million of 2016 Legacy Notes held by other holders will be paid in full at maturity, the $57.1&nbsp;million balance held by affiliate
CCH will remain outstanding. Because the 2016 Legacy Notes owned by CCH will continue to remain outstanding, the Company will continue to have at least $500&nbsp;million of legacy notes outstanding on December&nbsp;15, 2016 and will therefore not be
obligated to grant certain additional security interests in favor of certain of its debtholders under a <FONT STYLE="white-space:nowrap">so-called</FONT> &#147;springing lien&#148; set forth in relevant debt agreements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the Company and certain affiliates yesterday filed lawsuits in the State District Court in Bexar County, Texas, seeking a declaration that the
$57.1&nbsp;million of 2016 Legacy Notes remains outstanding and that the Company is not currently obligated to grant any of its debtholders the &#147;springing lien&#148; on any of its assets. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As the Company continues to work towards a comprehensive plan to achieve an optimal capital structure, it intends to take any other actions necessary to
protect iHeartMedia and position the Company for long-term growth and success. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About iHeartMedia, Inc./iHeartCommunications, Inc. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">iHeartMedia, Inc. (PINK: IHRT), the parent company of iHeartCommunications, Inc., is one of the leading global media and entertainment companies. The company
specializes in radio, digital, outdoor, mobile, social, live events, <FONT STYLE="white-space:nowrap">on-demand</FONT> entertainment and information services for local communities, and uses its unparalleled national reach to target both nationally
and locally on behalf of its advertising partners. The company is dedicated to using the latest technology solutions to transform the company&#146;s products and services for the benefit of its consumers, communities, partners and advertisers, and
its outdoor business reaches over 35 countries across five continents, connecting people to brands using innovative new technology. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For further
information, please contact: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Media </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Wendy Goldberg
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Executive Vice President, Communications </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(212) <FONT
STYLE="white-space:nowrap">377-1105</FONT> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Investor Relations </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eileen McLaughlin </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Vice President, Investor Relations </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">212 377 1116 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"># # # </P>
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