Tranche Update on Audacy, Inc.'s Equity Buyback Plan announced on November 2, 2017.

Audacy, Inc. is a multi-platform audio content and entertainment company. The Company is a creator of live, original events, including large-scale concerts, intimate live performances with big artists on small stages. The Company offers local and national advertisers integrated marketing solutions across its broadcast, digital, podcast and event platforms, delivering the power of local connections on a national scale. The Company operates digital properties on multiple platforms, including Websites, mobile apps, and social media. It provides streaming services through its Audacy app and Website, its integrated digital platform where consumers discover and connect live with premium, curated content powered by over 2,639 radio and digital stations and their websites, podcasts, audio on-demand, and exclusive content across entertainment, music, news and sports. It also provides embedded advertisements in its owned and operated podcasts and other on-demand content.