Commission’s Ruling Opens the Door for HD Radio™ Broadcasting in Canada

Columbia, Maryland – December 26, 2006 – The Canadian Radio-Television and Telecommunications Commission (CRTC), an independent, public authority that regulates and supervises broadcasting and telecommunications in Canada, has announced a revision to its policy for digital radio broadcasting, opening the door to the HD Radio™ In-Channel, On-Band (IBOC) system. In its Public Notice CRTC 2006-160, the Commission commented that it would be prepared to authorize services using IBOC/HD Radio technology for the AM and/or FM bands, if the Canadian department of Industry authorizes services using the technology under the Radiocommunication Act. The commission added that “an expedited process would be adopted for stations that propose to transmit a digital simulcast of their analog service.”

“The HD Radio system is ideal for Canadian broadcasters and listeners, allowing stations to offer more than one programming stream without the need for more or different spectrum,” said Robert Struble, President and CEO, iBiquity Digital Corporation, the developer of HD Radio technology. “Programmers will be able to offer their content in both French and English as well as create new channels for Canada’s diverse population. We welcome this decision by the CRTC, and we look forward to the opportunity to assist Canadian AM and FM broadcasters with their digital conversions.”

Struble continued, “The Canadian Broadcasting Corporation (CBC) began HD Radio testing in September 2006, focusing on transmissions from Toronto and Peterborough, Ontario. Full results have not yet been published by the CBC, but early feedback has been very positive. There are plans to begin testing on MW-AM operations in early 2007.”

By not requiring the allocation of additional spectrum, HD Radio technology provides governments, broadcasters and consumers with a seamless option for transitioning from analog to digital broadcasting. More than 1,100 radios stations in the U.S. are broadcasting with HD Radio technology, which is now being tested and adopted in more than a dozen countries throughout the world, including: Australia, France, Indonesia, Mexico, New Zealand, Philippines, Poland, Switzerland, Thailand and Ukraine.

About HD Radio

More than 1,100 AM and FM radios stations, available to approximately 80% of the U.S. population, are using HD Radio technology to transmit digital audio and data to their listeners. Beyond delivering dramatically improved sound quality over analog, digital HD Radio technology allows stations to expand their programming via HD2 multicast channels. Over 500 stations today are using HD2 channels to broadcast fresh new music and news formats, showcase young artists and local bands, air non-English language programming, and more. Other HD Radio applications include scrolling text and graphics content on receiver display screens and delivery of real-time traffic updates. HD Radio receivers are available from nearly 20 manufacturers. For more information, please visit www.ibiquity.com and the consumer website, www.hdradio.com.

About iBiquity Digital

iBiquity Digital Corporation is the developer of the HD Radio system, which is powering the AM/FM digital radio revolution. This transformational technology allows AM and FM stations to broadcast digital signals in tandem with their analog signals, providing broadcasters with a platform to offer multiple channels of programming on the same frequency (multicasting); crystal-clear, CD-quality sound; services such as real-time traffic updates; and scrolling text and graphics content. iBiquity’s investors are global leaders in the technology, broadcasting, manufacturing, media and financial industries.

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To arrange interviews or for additional information, please contact:

Vicki Stearn Gil Chorbajian

iBiquity Digital Ogilvy Public Relations

Work: 410-872-1565 Work: 518-355-0966

Cell: 301-233-0200 gil.chorbajian@ogilvypr.com

stearn@ibiquity.com

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