Investor note bullish on podcast & streaming as “catalyst” for leading radio groups

Equity research analyst at B. Riley Securities, Daniel Day, projected growth metrics for the second half of this year, and 2022, for three top radio groups — iHeartMedia, Audacy, and Cumulus Media. His “robust growth estimates” for digital revenue are his most bullish outlooks, with a particular focus on podcasting. Click for details. Continue Reading

NYTimes beta-launches dedicated listening app: New York Times Audio

The New York Times, producer of The Daily, one of the world’s most popular podcasts, is announcing the a beta testing launch of a NYT-specific listening app called New York Times Audio. Doing so stakes a reputational claim as a leading audio producer and podcast network worthy of a dedicated app. Click for more, and a link to volunteer as a tester. Continue Reading

SiriusXM invests in Audio Up, grabs a board seat, and signs strategic agreement

SiriusXM notified us of a creative and strategic agreement with podcast production house Audio Up to make podcasts and other types of audio. But there is more to this than the typical co-production deal. SiriusXM also laid $12M on Audio Up and joined the board. We asked Sirius whether an acquisition is in the wind. Continue Reading