
iHeartMedia - still #1, with more podcast revenue
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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.
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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.
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



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