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ART19 hires David Murray from Stitcher as new CFO

In a new demonstration of ART19’s history of using Stitcher as a fertile executive hunting ground, the podcasting technology and monetization company has hired David Murray as its new CFO. (Click through for a timeline of acquisitions and executives at Stitcher, Midroll, Scripps, ART19, and SiriusXM). Murray will help lead ART19’s expansion from pure SaaS business into a full-fledged media company. Continue Reading

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Scripps sells Stitcher to SiriusXM: Confirmed by both companies

What was previously a Rumor Fact(ory) item is today finalized and confirmed: SiriusXM is buying Stitcher from Scripps. We received press releases from both SiriusXM (via the PR office of subsidiary Pandora) and E.W.Scripps. From Scripps, the news is about that company’s profitable investment in Stitcher over five years. for sirius, the vision gets big, fast, and the company isn’t shy about claiming preeminence in podcasting. Continue Reading

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Stitcher earned $17-million in Q1, up 13% over 2019

Stitcher, a top podcast network, enjoyed first-quarter revenue of $17.1-million, a 13% jump year-over-year from Q1 2019 ($15.1-million). (As a timely but random point of comparison, PodcastOne just sold to LiveXLive last week for $18-million.) Projecting across the year, it might be feasible to consider Stitcher a $68-million topline business.  Continue Reading