The headline number is derived from the Q2 earnings report for E.W.Scripps, Stitcher’s parent company. Scripps has sold Stitcher to SiriusXM, in a deal planned for Q3 closing. Click through for details, quotes from the conference call, and our arithmetic. Continue Reading
After 48 hours of rumors, today we get … well, sort-of confirmation that SiriusXM will acquire Stitcher from E.W.Scripps. The confirmation part is from the Wall Street Journal. The sort-of part is the article’s first sentence: “Sirius XM Holdings Inc. is near a deal to buy E.W. Scripps Co.’s Stitcher.” There is no visible confirmation from Sirius, Stitcher, or Scripps. But, as of this morning, industry-wide assumption is that the deal is all but done … in a “poised to buy” sort of way. This acquisition adds a chapter in the corporate life of each company involved. Continue Reading
E.W.Scripps, the media behemoth and parent company of Stitcher, is reported to be shopping the podcast company to potential buyers. Click through for a history of Scripps ownership, and how the Stitcher organization has changed during this time. Continue Reading
E.W. Scripps released its third-quarter earnings report. The media company reported total revenue of $350 million, up from $303 million in the year-ago period. It posted a loss from continuing operations of $21.9 million, or 27 cents per share. Continue Reading
E.W. Scripps has completed its sale of eight radio stations, which marks the final steps of divesting its radio division. The media company sold stations in Boise, ID and Tucson, AZ to Lotus Communications for $8 million. Continue Reading
The E.W. Scripps Company has released its third-quarterly financials. The period included several big business developments for the media giant, including the announcement of plans to acquire Triton Digital and a rebranding of its podcast efforts. Continue Reading
E.W. Scripps is embarking on a rebrand of its podcast departments. Stitcher will be the new lead name for its podcasting, and the branch will get a new logo to accompany its new position. Midroll Media, the former parent company, will now be nested within Stitcher. Continue Reading
E.W. Scripps hosted its earnings conference call for Q4 2017, and the discussion included details about the Midroll Media podcasting company. Midroll generated $5 million out of the $53 million in total revenue from Scripps’ National Media group. Continue Reading
E.W. Scripps hosted its earnings call for the third quarter of 2017, which included updates for podcasting business Midroll Media. The media company posted revenue of $216 million, down from $233 million in the year-ago period. Digital revenue, which includes Midroll, was up 13.3% to $17.8 million. Continue Reading