SiriusXM Is Buying Stitcher in Deal Worth Up to $325 Million

E.W. Scripps Co. clinched a deal with SiriusXM to sell podcast network and producer Stitcher, which includes Scripps’ other podcast-related businesses, for up to $325 million. Scripps bought Stitcher for $4.5 million in 2016 and combined it with Midroll Media, which it bought for $55 million the year prior. According to E.W. Scripps, the $325 million price tag represents a return of more than 100% in its investment in podcasting over the last five years.

Source: SiriusXM Is Buying Stitcher in Deal Worth Up to $325 Million

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