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iHeartMedia - still #1, with more podcast revenue

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  • iHeartMedia’s podcast business brought in $69m during the first quarter - 12% of total revenue; its radio business brought in $416m. The company posted a net loss of $48.7m, though, for the quarter. Meanwhile, competitor Cumulus Media has rejected a hostile $1.2bn bid from a consortium wanting to take it private.

  • Podtrac’s Top US Podcast Publishers ranker for April is out. iHeartMedia is still “#1 for podcasts” and pulled further ahead of NPR in the period. Every publisher in the top ten saw a drop in global streams and downloads though, and total downloads were down 5% month-on-month (though April has 3% fewer days than March and the Easter weekend). The ranker lists participating publishers only.


    This link is no longer available, as at Sep 13 2023
  • Spotify is to close Spotify Stations, a lean-back music radio experience. The Pandora-like app launched in the US in 2019, but first launched in 2018, only in Australia, only on Android. Imagine!

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