EFTA Document EFTA01385420

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite On the audience side. Nielsen has affirmed radio's status as an impressive reach medium: -271 million Americans 6+ listen to radio each week, and radio reaches -93% of adults weekly (for reference, TV reaches -89%). Nielsen also reports on daily time spent listening to AM/FM radio. The last couple years TSL amongst adults 18+ has been declining at a rate of -2%. After a slight uptick in 2016, we've seen a reversi