LAS VEGAS, NV — National Association of Broadcasters Show — (April 19, 2004) — iBiquity Digital Corporation, the sole developer of HD Radio technology, and Entercom Communications Corp. (NYSE: ETM), one of the largest radio broadcasting companies in the United States, today announced that Entercom has signed licenses to implement iBiquity Digital’s HD Radio technology at its five FM stations in Portland, Oregon and its three FM stations in Denver, Colorado. The stations are KGON (92.3), KKSN (97.1), KNRK (94.7), KRSK (105.1) and KWJJ (99.5) in Portland and KALC (105.9), KQMT (99.5) and KOSI (101.1) in Denver. With the addition of these eight stations, Entercom has licensed 15 stations to use HD Radio technology. These are the first stations in Portland to license HD Radio technology.
David J. Field, president and CEO of Entercom Communications Corp. stated, “Denver and Portland are natural choices for the next phase of our HD Radio roll-out as they are high tech markets where we have a strong presence. Entercom looks forward to working with retailers like Car Toys and Ultimate Electronics to promote HD Radio in these markets.”
“To ensure the widespread adoption of HD Radio, we initially focused our efforts on establishing a critical mass of radio broadcasters and retailers in select major markets,” said Robert Struble, president and chief executive officer of iBiquity Digital Corporation. “With the move into Portland and Denver, Entercom has shown a desire to bring this exciting new technology to additional markets, which will allow retailers like Car Toys and Ultimate Electronics to accelerate rollout efforts.”
The commercial rollout of HD Radio technology commenced in 2003 when AM and FM stations around the country began digital broadcasting and continued with the launch of HD Radio receivers at the Consumer Electronics Show in January 2004. More than 300 radio stations in over 100 U.S. markets across 39 states have licensed HD Radio technology and are live, or in the process of going live, with digital broadcasts.
About Entercom Communications Corp.
Entercom Communications is the nation’s fourth largest radio broadcaster with stations in 19 markets including Boston, Seattle, Denver, Portland, Sacramento, Kansas City, Milwaukee, Norfolk, New Orleans, Memphis, Buffalo, Greensboro, Rochester, Greenville/Spartanburg, Wilkes-Barre/Scranton, Wichita, Madison, Gainesville/Ocala and Longview/Kelso, WA.
About iBiquity Digital
iBiquity Digital is the sole developer and licenser of HD Radio technology in the U.S., which will transform today’s analog radio to digital, enabling radically upgraded sound and new wireless data services. The company’s investors include 15 of the nation’s top radio broadcasters, including ABC, Clear Channel and Viacom; leading financial institutions, such as Grotech Capital Group, J.P. Morgan Partners, New Venture Partners, Pequot Capital and J&W Seligman; and strategic partners Ford Motor Company, Harris, Texas Instruments and Visteon. iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, Redwood City, CA and Warren, NJ. For more information please visit: www.ibiquity.com.