3 - 2020 - RAIN News

Podcasting and digital helped iHeartMedia revenue to grow slightly over 2019

Posted on March 2, 2020 by Anna Washenko

iHeartMedia shared its financial results from the fourth quarter and full fiscal year of 2019. For all of 2019, revenue increased 2% to $3.68 billion. The company noted that its direct operating expenses grew in the year due to its acquisitions of Stuff Media and Jelli. Continue Reading →

NY Times “in exclusive talks” to acquire Serial Productions, potential cost of $75M

Posted on March 2, 2020 by Brad Hill

We knew that the New York Times was interested in buying Serial Productions, the podcast house which makes Serial, the most successful true crime podcast franchise of the last six years. We reported such in January. Now we learn from the Times itself that it is exclusively discussing the acquisition with Serial, according to Ben Smith, the new Media Columnist. There might be a discount. Continue Reading →