“This is a natural evolution of the company’s arc, in that even before the Scripps acquisition, we as a company were constantly thinking about ‘How do we expand the universe of podcasting?’ ‘How do we bring in new audiences and new talent?’ ‘How do we introduce these new shows to new people?’” Diehn told Fast Company.
Scripps acquired Midroll in 2015 and Stitcher in 2016. Both companies continued to expand their work, and Stitcher has launched a premium network, added new programming, and grown its ranks since being folded under Midroll. Diehn said that the changes within Scripps are a way for Stitcher to present its dominance in podcasting to the rest of the industry. And he’s expecting the growth to continue.
“We’re going to spend a lot of the content side, the product side, the marketing side,” Diehn said.