Big developments underscore the evolving landscape of audio entertainment, as major players navigate growth opportunities, financial pressures, and regulatory oversight in a rapidly changing industry.
Audacy has expanded its partnership with CBS, adding over 36 new podcasts from CBS Entertainment, Media Ventures, News, and Studios to its distribution network.
These additions are available on the Audacy app and other major podcast platforms, further solidifying its presence in the digital audio space.
Meanwhile, YouTube has surpassed 1 billion monthly active podcast listeners, marking a significant milestone in the platform’s dominance of digital audio content.
In the business sector, Cumulus Media reported a substantial increase in net losses, highlighting the financial struggles of traditional broadcast companies in a shifting media landscape.
At the same time, iHeartMedia CEO Bob Pittman addressed the FCC’s scrutiny over payola practices, opting for a public statement rather than a formal response. The FCC also pressed iHeartMedia for details on artist deals related to listener concerts, with Chairman Brendan Carr sending a letter to CEO Bob Pittman concerning the 2025 iHeartCountry Festival.
Regulatory concerns extended to Audacy’s deal with George Soros’s investment firm, as FCC Chairman Brendan Carr briefed House GOP members on potential influence issues.
Additionally, the Corporation for Public Broadcasting faces funding challenges, with its CFO confirming the organization currently lacks access to necessary financial resources.
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