Customers/Audience

• We provide the highest quality of products and programming that we believe appeal to our customers and
  audiences.

• We treat our audience and customers with respect and provide accurate, balanced information in a timely
  and professional manner.

• We listen to and respect customer and audience feedback and respond to feedback in a timely and

          appropriate fashion.

Community

• We hold ourselves to the highest community standards as individuals and as a corporation.

• We commit to being a responsible, caring, corporate partner through philanthropic and active involvement 
  in the community.

• We serve as a role model of ethical and responsible business to improve the well-being of our community.

Owners and Management

• We uphold our reputation and image by observing the highest standards of legal and ethical conduct in 
  business dealings.
• We practice clear, courteous and open-minded communication between managers and employees.
• We strive to make a profit ethically and legally.
• We identify and execute business strategies that result in sustained growth and profitability.

Advertisers and Sponsors

• We help our clients identify needs and achieve their goals with an emphasis on building long-term relationships.
• We maintain fair and competitive pricing without compromising our integrity or misrepresenting our competitors or ourselves.
• We work to ensure that our potential advertisers’ and sponsors’ content, products and services are consistent with IBG’s values.
• We treat our clients with respect, maintain confidentiality and provide exceptional customer service.

Suppliers, Lenders, Vendors

• We work to ensure that our potential advertisers’ and sponsors’ content, products and services are consistent with IBG’s values.
• We treat our clients with respect, maintain confidentiality and provide exceptional customer service.

Suppliers, Lenders, Vendors

• We make every effort to seek vendor relationships that enrich the community.
• We maintain positive and honest relationships while achieving competitive pricing and quality service.
• We are truthful and respectful to suppliers, lenders and vendors.
• We make prompt payments when acceptable services and/or products are received.

Business Affiliates

• We honor our responsibilities to our business affiliates without sacrificing our company’s principles.

• We are committed to building teamwork with our business affiliates in the pursuit of excellence.

• We have fair and reasonable expectations of our business partners, and we communicate those 
  expectations clearly.

Regulators and Governing Bodies

• We know, understand, abide by and, whenever necessary, challenge the rules and regulations of our 
  governing bodies.

• We strive to improve public policy.

• We strive to develop and maintain open, healthy and constructive relationships with all applicable
  governing bodies.

• We incorporate self-regulation, self-inspection, and self-policing to address issues before they become 
  problems, and we honestly report all violations to the governing body.

• We take a proactive approach in dealing with governing bodies to ensure the growth of our industry and 
  the relevance of our products and services.

Industry Groups

• We are the epitome of positive leadership among our respective industries.

• We advocate and uphold industry standards.

• We stand firm against industry pressure. We uphold IBG and community standards of decency.

• We set a high standard of ethics and achievement within our respective industries.

Competitors

• We compete aggressively but fairly, while maintaining professionalism, courtesy and respect.

• We create and perform at higher standards, raising the bar of quality.

• We do not sacrifice our code of ethics in pursuit of winning.

• We are responsible and accurate in our representation of our product, our competitors and ourselves.

• We pledge to uphold and promote this Code of Ethics and hold all accountable to it.

Anyone who has a concern about the Company’s conduct or about the Company’s accounting or disclosure matters may communicate that concern directly the non-management directors, including the Audit Committee, by writing to the following address: