Fourth Quarter 2018 Report to Shareholders

• On July 31, 2018, the Company paid a monthly dividend of $0.094583 and $0.095 per share to holders of its Class A and Class B Shares, respectively. • On August 3, 2018, the Company’s 92.5 Fresh Radio relaunched as 92.5 the ‘Chuck, giving audiences an exciting, unpredictable mix of pop rock and variety from the 80s through today. ................
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