Cox Radio is one of the largest radio broadcasting companies in the United States. The Company operates, acquires and develops radio stations primarily in markets ranked 10-70 based on revenues. A majority of the Company's stations are concentrated in the Sunbelt. Cox Radio owns, operates or provides sales and marketing services to 80 stations in 18 markets. This radio portfolio includes 67 FM stations and 13 AM stations. In 15 of its 18 markets, Cox Radio operates three or more stations.