Mr. Birmingham added, “According to the research firm eMarketer, ad revenue for online radio is expected to soar 67 percent, from $900 million in 2012 to $1.5 billion in 2016. We expect to capture a significant share of this market by expanding in high population markets whose residents use internet and mobile devices as their source for access to high quality entertainment, news and talk and who share their local lives through social media.”
Safe Harbor This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.