US pay-radio operator SiriusXM is ploughing another $2 billion into buying back its own shares. This means that SiriusXM has authorised and bought back a total of $16 billion of common stock since 2013. The company says it will fund the repurchases through cash on hand, future cash flow from operations, and future borrowings. SiriusXM […]
In a deal that it says will combine the US leading audio entertainment company with a pioneer in podcast production, distribution, and ad sales, creating the premier full-service platform for podcast creators, publishers, and advertisers, audio entertainment specialist SiriusXM is to acquire Stitcher from The E.W. Scripps Company. The $265 million (€234m) transaction, predicted by […]
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 […]