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SiriusXM Buys Podcast Platform Stitcher for Up To $325 Million

Podcasts continue to grow as a business. Latest proof is that SiriusXM has just purchased podcast platform Stitcher, which creates, inserts ads, and distributes podcasts, from E.W. Scripps in a deal valued up to $325 million. SiriusXM bought podcast platform Simplcast month last and audio ad company AdsWizz in 2018.