Recorded Books Announces New President and Chief Executive Officer

Recorded Books Appoints Digital Media Executive Tom MacIsaac as the Company’s New President and Chief Executive Officer

Prince Frederick, MD – August 16, 2016 – Recorded Books, Inc., a leader in spoken-word content and distribution, is pleased to announce that Tom MacIsaac has joined the company as its president and chief executive officer.

From 2010 to 2015, Mr. MacIsaac served as CEO of Verve Mobile. Under his leadership, Verve became a global leader in mobile media and advertising. Before joining Verve, Mr. MacIsaac held several senior leadership roles at other media and technology firms. These roles included his service as CEO of ExtendMedia; senior vice president, strategy & corporate development, at AOL; and CEO of Lightningcast. Mr. MacIsaac began his career as an attorney at Dechert LLP.

Mike LaSalle, partner at Shamrock Capital Advisors, Recorded Books’ primary shareholder, said, “We are thrilled to welcome Tom to Recorded Books. His deep media, technology and M&A experience—at both the strategic and tactical levels—will be critical assets for the company as we seek to sharpen our content focus, strengthen our digital-media distribution, and grow enterprise value organically and through acquisitions. We could not have scripted a better candidate for this role.”

Upon accepting the position, Mr. MacIsaac said, “I am very excited to be joining Recorded Books. I think Recorded Books’ unique position as the largest independent publisher of audiobooks, combined with the broader market opportunity in spoken-word content, positions us extremely well for continued growth and success. I’m really looking forward to working with the outstanding Recorded Books team to build and expand the business.”

About Recorded Books, Inc.

Recorded Books is a leading publisher of spoken-word content. It is the largest independent publisher of audiobooks and provider of digital media to consumer, retail, professional, school, library and infotainment markets. The company owns an exclusive catalog of more than 27,000 audiobook titles narrated by professional, award-winning actors. Recorded Books also provides digital audiobooks and eBooks, as well as other compelling third-party content, including digital magazines and films. The company operates in the United Kingdom through its W. F. Howes subsidiary and in Australia through its Wavesound subsidiary. Recorded Books was founded in 1979 and is headquartered in Prince Frederick, MD. For more information, visit recordedbooks.com.