Audacy Makes Podcasting RIF As Restructuring Continues
Audacy has announced cuts to its podcast division, laying off around 25% of its Pineapple Street Studios staff. The company will be eliminating approximately 12 roles, as reported to Bloomberg by an anonymous source close to the matter.
PayPal Sues Pandora Over Logo
The New York Post has the details about the lawsuit that was filed on Friday. PayPal says Pandora's new blue “P,” damages its business because customers are mistakenly opening the wrong app on their phones and has interfered dramatically with PayPal users' experience.
Pandora Gets a New CMO
Pandora has hired former Gap Executive Aimée Lapic as its new CMO. Lapic spent 13 years at The Gap where she served most recently as CMO for Banana Republic. Lapic replaces Nick Bartle who left earlier this year on the same day Founder Tim Westergren resigned.
Live365 Crosses The Pond
Listeners in the United Kingdom will be able to utilize the Live365 platform, which is home to thousands of stations. Live365 has removed the sitewide geo-block and streaming is now available to all listeners in the U.K.
Syndicated Host: Spotify CEO ‘Should Be Taken Out And Shot’
Spotify is days away from a controversial change to its royalty payment system that aims to save the streaming company money. As independent artists and labels speak out, one rock star and syndicated radio personality says he's not gonna take it.
SiriusXM Ups 2020 Guidance Figures
SiriusXM is increasing its full-year 2020 guidance for SiriusXM self-pay subscriber net additions to approximately 700,000. This is an increase from the prior guidance of approximately 500,000, first issued on July 30, 2020.
TuneIn Says December Was Strong
The streamer says more than half a billion listening hours had been generated on the platform during the month of December, closing out a record year for the company. It also saw a 31 percent year-over-year increase in overall listening hours.
WTOP Podcast Goes Back In Time
The new 5-part podcast series is called "The Investigation Continues" and it debuts Monday. WTOP reporter Neal Augenstein examines the circumstances behind the 1975 disappearance of 12-year-old Sheila Lyon and her 10-year-old sister Katherine.
Tech Is Red Hot As Podcast Ad Rates See February Climb
After a steep drop to start 2024, podcast advertising rates climbed in February according to Libsyn's latest data. Libsyn reports an average cost-per-thousand rate of $21.99 for a 60-second advertisement, marking a slight increase from January's $21.61.
‘Efficiencies’ Define Spotify’s Q4 Results As Markets Take Note
Market optimism is growing in the newly-leaner Spotify, which unveiled its Q4 2023 financials on Tuesday. Following a year marked by layoffs, royalty policy reworking, and podcasting troubles, the company finished far ahead of analyst expectations.
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