US EditionSiriusXM is Reportedly in Talks to Buy iHeartMedia
A combined company would unite 860-plus radio stations and the biggest U.S. podcast network as both firms seek greater scale, sources said.
- IHeartMedia and SiriusXM have entered early merger discussions involving music industry figure Irving Azoff and private equity firm Apollo Global Management, according to sources familiar with the talks.
- Both companies face mounting pressures from declining traditional radio listenership and stagnant growth, prompting them to lean into podcasts and digital audio as diversification strategies.
- Together, the combined entities could generate annual sales exceeding 12 billion dollars, uniting the nation's largest terrestrial broadcast radio owner with the leading satellite radio service across the United States.
- Shares in iHeartMedia jumped more than 35% on Friday following the Bloomberg report, though sources caution the discussions remain preliminary and any deal would face antitrust scrutiny.
- Sources stressed no deal is guaranteed as both organizations navigate market challenges ahead of earnings reports; SiriusXM reports next week while iHeartMedia releases results on May 11.
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SiriusXM is Reportedly in Talks to Buy iHeartMedia
iHeartMedia Inc. is engaged in early-stage discussions with Sirius XM Holdings Inc. about a potential merger or sale, as both companies navigate an audio industry grappling with stagnant growth and intense competition from digital streaming platforms and podcasts, according to a report from Bloomberg. The preliminary talks, which remain confidential and could still fall apart […] The post SiriusXM is Reportedly in Talks to Buy iHeartMedia appear…
Report: SiriusXM, iHeartMedia discuss possible merger
(Graphic by The Desk) Radio broadcasters iHeartMedia and SiriusXM have held preliminary discussions focused on a potential merger, according to multiple reports published on Friday. The first report came from Bloomberg News, which cited sources familiar with the talks and cautioned that the discussions could end without a merger agreement in place. Later, entertainment publication The Wrap said former Ticketmaster Chief Executive Officer Irvin A…
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