SiriusXM confirmed it would acquire podcast firm Stitcher for $265 million in cash, from EW Scripps, the latest sign of a consolidation in the podcasting market. SiriusXM may pay an additional $60 million based on Stitcher’s financial performance through next year. The deal comes just a few weeks after SiriusXM bought Simplecast, a podcasting management platform. SiriusXM, which started as a...
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The Briefing Media/Telecom Markets
Ultrafast Wars Raise Risk of Investor Injury
Wandering around Manhattan has lately become a not-so-fun exercise in dodging the stream of bicycles ridden ferociously by delivery couriers, a population that is growing with the proliferation of ultrafast grocery-delivery services. DoorDash’s announcement on Monday that it is jumping into the ultrafast fray suggests that the danger of severe injury may be about to increase. But it may be...
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