iHeartMedia 2014 Annual Report Download - page 72

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70
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholder
iHeartCommunications, Inc.
We We have audited the accompanying consolidated balance sheets of iHeartCommunications, Inc. and subsidiaries (the
Company) as of December 31, 2014 and 2013, and the related consolidated statements of comprehensive loss,
changes in shareholder’s deficit and cash flows for each of the three years in the period ended December 31, 2014.
Our audits also included the financial statement schedule listed in the Index at Item 15(a)2. These financial
statements and schedule are the responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements and schedule based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated
financial position of iHeartCommunications, Inc. and subsidiaries at December 31, 2014 and 2013, and the
consolidated results of their operations and their cash flows for each of the three years in the period ended December
31, 2014, in conformity with U.S. generally accepted accounting principles. Also, in our opinion, the related
financial statement schedule, when considered in relation to the basic financial statements taken as a whole, presents
fairly in all material respects the information set forth therein. 
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), the Company’s internal control over financial reporting as of December 31, 2014, based on criteria
established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (2013 framework) and our report dated February 19, 2015 expressed an unqualified opinion
thereon.
/s/ Ernst & Young LLP
San Antonio, Texas
February 19, 2015