SiriusXM Gets Serious About Podcasting with Stitcher Acquisition
SiriusXM is reportedly closing in on a deal to purchase E.W. Scripps’ Stitcher podcast business for about $300 million, a move that would give the satellite radio company access to popular content, an advertising unit, and a distribution platform.
Spotify Share Price Not Justified: Analyst
While Spotify bulls expect its podcast strategy to boost advertising profits and subscriber additions, Wells Fargo analyst Steven Cahall, who has an UNDERWEIGHT rating and $175 price target, says the stock price has gotten ahead of itself.
How Joe Rogan Fits Into Spotify’s Plan for Podcast Supremacy
Spotify is adding another prized asset to its growing list of podcast properties with the acquisition of The Joe Rogan Experience podcast and video-cast.