DashGo, An Innovative Leader in Digital Music Distribution, and Clear Channel Announce Agreement to Accelerate Growth in Digital

  DashGo, An Innovative Leader in Digital Music Distribution, and Clear
  Channel Announce Agreement to Accelerate Growth in Digital Radio

 For the First Time, DashGo’s Labels and Artists to Participatein All Clear
                            Channel Radio Revenues

 Clear Channel's Latest Market-Based Agreement Will Help Support Sustainable
                Business Model for the Digital Music Industry

Business Wire

SANTA MONICA, Calif. -- December 05, 2012

Clear Channel Media and Entertainment, which has the largest reach of any
radio or television outlet in America, and DashGo, Inc. a digital content
distribution and marketing engine for labels, podcasters and Artists, today
announced an agreement that will help drive growth and innovation in Internet
radio. As part of this new relationship, DashGo will share in Clear Channel’s
terrestrial broadcast revenues, aligning the business interests of both
companies and helping to build a sustainable market in Internet radio.

DashGo works with independent Artists, labels, and content owners to
distribute content across a range of digital music stores, ad-supported
services and social networks—including YouTube and iTunes— with integrated
analytics tools for tracking results. Clients and partners include Weezer,
Rock Mafia, Coconut Records, Delicious Vinyl, and Time Records.

This is Clear Channel’s latest market-based partnershipaimed at developing
and supporting a sustainable business model for the digital radio industry
that will help it grow, attract investment, and encourageentrepreneurs. So
far this year, Clear Channel has reached music rights agreements with Big
Machine Label Group, Glassnote Entertainment Group, and Naxos.

“DashGo is a digital partner for content creators, and it is crucial that we
do everything we can to help Internet radio grow and thrive,” said Ben
Patterson, Founder and President of DashGo. “Since 2004, DashGo has focused on
creating new revenue streams, distribution channels and promotional
opportunities for artists, and Clear Channel’s groundbreaking business model
demonstrates they’re on the same page.”

Bob Pittman, Chief Executive Officer of Clear Channel, said: “Ben Patterson’s
DashGo is the kind of progressive, forward-thinking company that is a perfect
partner for us – they understand where the marketplace is going and what needs
to be done to succeed. This agreement will provide greater access to artists
across digital channels, and will strengthen the integrated online marketing
campaigns that DashGo specializes in. Together, we’ll work to create an
environment where artists, labels, and radio benefit … no matter how fans
choose to listen to music.”

About DashGo

DashGo is a digital distribution partner representing over 100 Label and
Artist partners and approximately 100,000 songs. DashGo was founded in 2007 to
offer labels and artists hands-on technology with the backing of professional
sales and marketing services.

About Clear Channel Media and Entertainment

With 239 million monthly listeners in the U.S., Clear Channel Media and
Entertainment has the largest reach of any radio or television outlet in
America. Clear Channel Media and Entertainment serves 150 cities through 850
owned radio stations. The company’s radio stations and content can be heard on
AM/FM stations, HD digital radio channels, Sirius/XM satellite, on the
Internet atiHeartRadio.comand on the company’s radio station websites, on
the iHeartRadio mobile application on iPads and smartphones, and used via
navigation systems from TomTom, Garmin and others.

The company’s operations include radio broadcasting, online and mobile
services and products, live concerts and events, syndication, music research
services and independent media representation. Clear Channel Media and
Entertainment is a division of CC Media Holdings, Inc. (OTCBB: CCMO), a
leading global media and entertainment company. More information on the
company can be found
atclearchannel.com,clearchanneloutdoor.comandccmediaholdings.com.

Contact:

DashGo
Ben Patterson, 310-997-0675
BenP@DashGo.com
or
Clear Channel
Wendy Goldberg, 212-549-0965
WendyGoldberg@clearchannel.com
 
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