Term Sheet, provided by the Company to the Lenders on January 10, 2018 STRUCTURE / IMPLEMENTATION Pre-packaged / Pre-arranged bankruptcy ABL Remains outstanding and / or refinanced at closing TERM LOANS AND PGNS Debt Consideration $5.50bn new debt at recapitalized iHeart 5-7 year maturity Collateral in substantially all assets of recapitalized iHeart Equity Consideration 88.3% equity in recapitalized iHeart 100.0% of iHeart’s ownership in Outdoor1 JUNIOR STAKEHOLDERS $250mm new debt at recapitalized iHeart 11.7% equity in recapitalized iHeart MANAGEMENT MIP to be negotiated OTHER Full and mutual releases Treatment of Intercompany Note to be discussed Notes:Tax analysis of proposed structure still under review by Kirkland & Ellis and the Company Reflects iHeartMedia’s ownership in Outdoor (e.g., 100% = 89.5% direct ownership). Assumes public stub remains outstanding Exhibit 99.1