Advanced Television

siriusXM

SiriusXM buying Stitcher app from Scripps

US pay-radio giant SiriusXM is close to buying Stitcher, a podcast application owned by E W Scripps. Podcasts are increasingly important and Spotify, a major rival to SiriusXM, and its sister service Pandora is increasingly dominating the podcast market. Stitcher will give SiriusXM a foothold in the sector and sit alongside Simplecast which SiriusXM acquired […]

July 7, 2020By Chris Forrester

SiriusXM borrows extra $1.5bn

US pay-radio operator SiriusXM has issued $1.5 billion of new Senior Notes debt in a private placement. The offering was significantly oversubscribed. The net proceeds will be used to redeem all of its outstanding 5.375 per cent senior notes originally due for repayment in 2025 as well as borrowings of its 4.625 per cent Notes […]

June 9, 2020By Chris Forrester