iHeartMedia - still #1, with more podcast revenue
This article is at least a year old
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iHeartMedia’s podcast business brought in $69m during the first quarter - 12% of total revenue; its radio business brought in $416m. The company posted a net loss of $48.7m, though, for the quarter. Meanwhile, competitor Cumulus Media has rejected a hostile $1.2bn bid from a consortium wanting to take it private.
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Podtrac’s Top US Podcast Publishers ranker for April is out. iHeartMedia is still “#1 for podcasts” and pulled further ahead of NPR in the period. Every publisher in the top ten saw a drop in global streams and downloads though, and total downloads were down 5% month-on-month (though April has 3% fewer days than March and the Easter weekend). The ranker lists participating publishers only.
This link is no longer available, as at Sep 13 2023 -
Spotify is to close Spotify Stations, a lean-back music radio experience. The Pandora-like app launched in the US in 2019, but first launched in 2018, only in Australia, only on Android. Imagine!
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Gimlet’s union reports three layoffs at the company.
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PRX has signed a new podcast partnership with content studio Project Brazen. The new slate of podcasts starts with a podcast following the war in Ukraine.
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Business Insider posts “how much money a podcast with 60,000 weekly downloads earns each month”. The show is Make Your Damn Bed, with Acast - host Julie Merica posts Acast’s earnings for the last six months.
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Triton Digital has signed with Mirchi, India’s largest commercial radio brand, for podcast hosting and monetisation. The company is part of Times of India group (which publishes the largest-selling English-language daily newspaper in the world).
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Acast has signed with Laylo, an audience engagement tool.
Moves and hires
- Ben Calhoun will join the New York Times as Executive Producer of The Daily. He’d worked for This American Life, WBEZ Chicago, and Serial Productions.
This link is no longer available, as at Sep 13 2023
Tips and tricks - with SoundStack
- Courtney Kocak published how to grow your show via Google Ads, Facebook and Twitter, interviewing Greg Kaffenberger.
- Tae Haahr gives us 5 Ways to Make Podcasting Easier, including some useful tools.
Podcast News - with Lemonada Media
Companies mentioned above:
Acast