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ZenoRadio announces acquisition, rebranding as Zeno Media; CEO shares the details

ZenoRadio has acquired AudioNow, with the new joint entity rebranding as Zeno Media. The deal will expand the new company’s broadcasting services, including Call-to-listen, mobile app development, and streaming. Morris Berger, CEO of Zeno Media, spoke with RAIN News by email about the acquisition and what sets its Call-to-listen business apart in the broadcast industry. Continue Reading

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Liberty Media isn’t giving up on a possible iHeartMedia acquisition

The rumor mill turns once more. After a back-and-forth earlier this year that eventually came to naught, Liberty Media CEO Greg Maffei said in the company’s Q1 earnings call that the company is still potentially interested in acquiring iHeartMedia. “iHeart is an attractive free-cash flow generator,” he said. “At the right price, I think it would be additive to our music holdings.” Continue Reading

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Spotify acquires mechanical licensing specialist Loudr

Spotify has acquired mechanical licensing company Loudr, a move that could bring more expertise and technology into the streaming company to tackle that thorny topic. Loudr offers services to help content creators, aggregators, and music services to identify and pay mechanical royalties to publishers. Continue Reading

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Liberty Media attempts 11th-hour partial acquisition of iHeartMedia

Liberty Media, majority owner of Sirius XM and minority owner of Pandora, has offered a term sheet that would grant it ownership of a 40% stake in iHeartMedia for $1.159 billion. This move is an eleventh-hour deal in reaction to iHeartMedia’s difficult financial situation. It also isn’t the first time Liberty has broached a last-minute audio investment. Continue Reading