Entercom Buys Podcast Companies Cadence13, Pineapple Street Media

  • 📰 Variety
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

In another podcast land-grab, radio broadcast giant Entercom Communications has inked deals to acquire podcast companies Cadence13 and Pineapple Street Media. Entercom announced the acquisition of …

Entercom announced the acquisition of podcast producer Pineapple Street Media and an agreement to buy full control of Cadence13, a New York-based podcast studio and distribution company, after acquiring a 45% stake for $9.7 million two years ago.

in a pickup of 117 stations. The company claims to reach a monthly audience of 170 million U.S. consumers across radio, digital and live events.The deals will make Entercom the No. 3 U.S. podcast publisher, after NPR and iHeart: Podcast episodes published or distributed by Entercom, Cadence13 and Pineapple Street Media were downloaded more than 150 million times per month in the second quarter of 2019, according to the company.

With the deals, Entercom plans to move Cadence13 and Pineapple Street underneath its Radio.com division. As part of the acquisitions, Pineapple Street Media will be renamed Pineapple Street Studios. Cadence13’s programming partners include Conde Nast, Crooked Media, Entertainment Weekly, Girlboss Media, Goop, Meredith, Mythical Entertainment, Pushkin Industries, Ramble, Seven Bucks Productions, Smosh, Sports Illustrated, Tenderfoot TV, theSkimm, The Try Guys, TNT, UTA, and Vanity Fair. The company also works with a roster of individual podcasters including Sophia Amoruso, David Axelrod, Nick Bilton, Rachel Brathen, Kobe Bryant, Emma Chamberlain, and Deepak Chopra and Gwyneth Paltrow.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Entercom Communications to Acquire Two Podcast CompaniesEntercom Communications has reached deals for a pair of podcast companies, moving the second-largest U.S. radio broadcaster by revenue more heavily into the nascent business. JoeBudden JoeBuddenPod y'all see this 1053thefan
Source: WSJ - 🏆 98. / 63 Read more »

Mastercard to buy part of payments company Nets for $3.19 billionPayments processor Mastercard Inc said on Tuesday it would buy a majority of the... Good to here. But the statement is unclear about the truth meaning it refers... Less competition higher fees
Source: Reuters - 🏆 2. / 97 Read more »

Fox Corp. Buys Animation Company Behind 'Bob's Burgers'Bento Box Entertainment produces shows for Netflix, YouTube and Fox Broadcasting. The Belchers deserve better.
Source: THR - 🏆 411. / 53 Read more »

Social Media Companies Remind Us It Is Still Hard To Replace Humans With AIAs Silicon Valley rushes us forward towards our AI future, even it is hiring armies of humans to work alongside those algorithms. Our automated future will look a lot less like robots replacing humans and a lot more like symbiotic workforces blending the best of both our worlds.
Source: Forbes - 🏆 394. / 53 Read more »