Entercom Announces Acquisition of Pineapple Street Media and Agreement in Principle to Acquire Cadence13, Establishing Leadership Position in Podcasting - Seite 2

Additionally, Cadence13 will become a wholly owned subsidiary of Entercom, named Cadence13, a division of RADIO.COM, and will continue to operate as a leader in the podcast space, with a full slate of unique services for top creators including audience development, production and monetization. Spencer Brown, Chief Executive Officer, Cadence13, will join the new organization as head of the division, reporting into J.D. Crowley, Chief Digital Officer, Entercom. Chris Corcoran, Chief Content Officer, Cadence13, will continue to lead content for the division, and John Murphy, President, Cadence13, will also be part of the leadership team. Cadence13 will continue to partner with top podcasters such as Crooked Media and Pushkin Industries while also expanding its client roster, leveraging Entercom’s broadcast reach and RADIO.COM’s digital platform.

“Today marks another transformational event at Entercom and we are thrilled to welcome the outstanding teams and content partners at both Pineapple Street and Cadence13,” said David Field, Chairman, President, and Chief Executive Officer, Entercom. “With these important acquisitions, Entercom will stand as a unique leader in the audio universe with both the greatest collection of premium, original local audio content along with arguably the best national podcast content. With RADIO.COM emerging as the fastest growing digital audio app in the country and Entercom Advanced Audio bringing to market a burgeoning set of data, analytics and attribution capabilities, we are well positioned to participate in the exciting audio renaissance and the powerful opportunities to work with our thousands of customers across the country on their increasingly important audio strategies.”

“It is an exciting day for all lovers of audio – creators, listeners and advertisers,” said J.D. Crowley, Chief Digital Officer, Entercom. “The leadership teams at both Cadence13 and Pineapple Street Media are the best in the business, and their tenacity, creativity and reputations are unmatched. The collection of leading content brands in the Cadence13 Podcast Network, coupled with their scale and leadership position with the advertising community, combined with the innovative slate forthcoming from Pineapple Street Studios will further strengthen RADIO.COM’s position as the premiere destination for live and on-demand audio news, entertainment, music and sports content in the U.S.”