You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

NEW YORK, Aug. 13, 2020 /PRNewswire/ -- Inc. magazine today revealed that American Hometown Media is No.1742 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy's most dynamic segmentits independent small businesses. (PRNewsfoto/American Hometown Media) "This recognition is a real testament to the unbelievable dedication our team has brought to the table for American Hometown Mediathey are a group of over-achievers and I am just so proud of them," said Dan Hammond, Founder, Chairman & CEO. Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000's aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs. "The companies on this year's Inc. 5000 come from nearly every realm of business," says Inc. editor-in-chief Scott Omelianuk. "From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism."Mike Meyers, President & CRO for American Hometown Media stated, "We actually placed in the Top 15 when compared within our sector of media. That means our platform to empower online publishers and influencers with a suite of next-generation products and services focused on content, monetization, and technology is really taking shape."Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.About American Hometown MediaAmerican Hometown Media (AHM) is the parent company to Just A Pinch Recipes (JustAPinch.com), one of the largest non-major media owned food sites and the largest repository of user-posted recipes on the internet, the Just A Pinch Food Group, a Premium Publisher Group (PPG) for a select group of food-only bloggers, the AHM Ad Management Platform which delivers programmatic monetization of websites for a wide range of verticals including food, lifestyle, tech, and beauty, and CuratorCrowd cloud-based technology offerings that increase revenue by driving new traffic, expanding reach, increasing user engagement, enhancing SEO, and growing email lists. More about Inc. and the Inc. 5000MethodologyThe 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independentnot subsidiaries or divisions of other companiesas of December 31, 2019. About Inc. MediaThe world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses. SOURCE American Hometown Media

Answer: American Hometown Media Ranks on the 2020 Inc. 5000 With Three-Year Revenue Growth of 245.24 Percent Inc. Magazine Unveils Its Annual List of America's Fastest-Growing Private Companies--the Inc. 5000