Audacy, Inc. is an American broadcasting company based in
Philadelphia
Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Sinc ...
,
Pennsylvania
Pennsylvania (; (Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, Ma ...
. Founded in 1968 as Entercom Communications Corporation, it is the second largest radio company in the United States, owning 235 radio stations across 48
media market
A media market, broadcast market, media region, designated market area (DMA), television market area, or simply market is a region where the population can receive the same (or similar) television and radio station offerings, and may also in ...
s.
In November 2017, the company merged with
CBS Radio
CBS Radio was a radio broadcasting company and radio network operator owned by CBS Corporation and founded in 1928, with consolidated radio station groups owned by CBS and Westinghouse Broadcasting/Group W since the 1920s, and Infinity Broa ...
. The transaction was structured as an exchange offer whereby owners of
CBS Corporation
The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media conglomerate with interests primarily in commercial broadcasting, publishing, an ...
common shares (i.e., not the multiple-voting shares held by
National Amusements
National Amusements, Inc. is an American privately owned movie theater operator and mass media holding company incorporated in Maryland and based in Norwood, Massachusetts. It is the controlling shareholder of Paramount Global.
History
The ...
) at the time of the merger could elect to exchange their shares for Entercom shares corresponding to a 72% stake in the combined company. It is not clear how many CBS shareholders retained these Audacy shares, and the present-day
Paramount Global
Paramount Global (Trade name, doing business as Paramount) is an American Multinational corporation, multinational mass media and entertainment Conglomerate (company), conglomerate owned and operated by National Amusements (79.4%) and headquar ...
has never held any ownership in the company.
History
Final logo used under the Entercom brand
Joseph M. Field founded the company as Entertainment Communications (which would later be shortened to Entercom) on October 21, 1968, on the conviction that
FM broadcasting
FM broadcasting is a method of radio broadcasting using frequency modulation (FM). Invented in 1933 by American engineer Edwin Armstrong, wide-band FM is used worldwide to provide high fidelity sound over broadcast radio. FM broadcasting is c ...
, then in its infancy, would eventually surpass AM broadcasting as the leading radio broadcast band.
During the 1990s, the
Federal Communications Commission
The Federal Communications Commission (FCC) is an independent agency of the United States federal government that regulates communications by radio, television, wire, satellite, and cable across the United States. The FCC maintains jurisd ...
's regulations on the ownership of multiple radio stations were eased, beginning with the introduction of duopoly rules, which allowed a company to own two stations in each radio market. Entercom took advantage of the change to expand its presence in the markets where it already operated. In April 1995, the company paid $24.5 million for three stations in Portland, Oregon, acquiring KGON, a classic rock station; KFXX, an all-sports station; and
KMUZ
KMUZ (88.5 FM) is an American non-commercial educational radio station licensed to serve the community of Turner, Oregon. The station's broadcast license is held by the Willamette Information, News, and Entertainment Service.
KMUZ broadcasts a ...
-FM, a modern rock station."Entercom Growth Slow, Steady".
In January 1999, Entercom went public in an IPO in which it raised around $236 million. In July 1999, the company purchased 43 radio stations from
Sinclair Broadcast Group
Sinclair Broadcast Group, Inc. (SBG) is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, ...
Milwaukee
Milwaukee ( ), officially the City of Milwaukee, is both the most populous and most densely populated city in the U.S. state of Wisconsin and the county seat of Milwaukee County, Wisconsin, Milwaukee County. With a population of 577,222 at th ...
Memphis, Tennessee
Memphis is a city in the U.S. state of Tennessee. It is the County seat, seat of Shelby County, Tennessee, Shelby County in the southwest part of the state; it is situated along the Mississippi River. With a population of 633,104 at the 2020 Uni ...
;
Buffalo, New York
Buffalo is the second-largest city in the U.S. state of New York (behind only New York City) and the seat of Erie County. It is at the eastern end of Lake Erie, at the head of the Niagara River, and is across the Canadian border from Sou ...
;
Norfolk, Virginia
Norfolk ( ) is an independent city (United States), independent city in the Commonwealth (U.S. state), Commonwealth of Virginia in the United States. Incorporated in 1705, it had a population of 238,005 at the 2020 United States Census, 2020 cen ...
; and
Scranton
Scranton is a city in the Commonwealth of Pennsylvania, United States, and the county seat of Lackawanna County. With a population of 76,328 as of the 2020 U.S. census, Scranton is the largest city in Northeastern Pennsylvania, the Wyoming Vall ...
/
Wilkes-Barre, Pennsylvania
Wilkes-Barre ( or ) is a city in the U.S. state of Pennsylvania and the county seat of Luzerne County, Pennsylvania, Luzerne County. Located at the center of the Wyoming Valley in Northeastern Pennsylvania, it had a population of 44,328 in th ...
. The deal more than doubled both the number of stations under the company's control, and the number of markets in which it had stations. The acquisition made Entercom the fifth-largest radio broadcaster in the United States, with 88 stations in 17 markets. That year, Entercom announced that it would direct its radio stations not to play songs that promoted violence.
On August 21, 2006, Entercom agreed to buy 15 mid-market stations from
CBS Radio
CBS Radio was a radio broadcasting company and radio network operator owned by CBS Corporation and founded in 1928, with consolidated radio station groups owned by CBS and Westinghouse Broadcasting/Group W since the 1920s, and Infinity Broa ...
. Locations included
Austin, Texas
Austin is the capital city of the U.S. state of Texas, as well as the county seat, seat and largest city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and Williamson County, Texas, Williamson co ...
;
Cincinnati
Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state lin ...
; Memphis, Tennessee; and
Rochester, New York
Rochester () is a city in the U.S. state of New York, the seat of Monroe County, and the fourth-most populous in the state after New York City, Buffalo, and Yonkers, with a population of 211,328 at the 2020 United States census. Located i ...
. Due to ownership limitations set by the FCC, Entercom had to sell three of its stations in the Rochester market; these were acquired by
Stephens Media Group
Stephens Media Group is an Oklahoma based radio broadcaster that owns 75 radio stations particularly in small to mid-size markets. Its flagship stations are at its headquarters in Tulsa. Stephens refers to itself as "A portfolio of People", r ...
. Shortly after the transaction, the company exited the Cincinnati market by trading all four of its stations in Cincinnati and three of its stations in Seattle in exchange for three stations in San Francisco in a deal with
Bonneville International
Bonneville International Corporation is a media and broadcasting company, wholly owned by the Church of Jesus Christ of Latter-day Saints (LDS Church) through its for-profit arm, Deseret Management Corporation. It began as a radio and TV netwo ...
. A year later, Entercom was investigated for payola and fined $4.45 million by the FCC.
In 2007, Entercom station KDND was sued after a participant in a "Hold Your Wee For a Wii" contest held by the station's morning show died of
water intoxication
Water intoxication, also known as water poisoning, hyperhydration, overhydration, or water toxemia, is a potentially fatal disturbance in brain functions that results when the normal balance of electrolytes in the body is pushed outside safe li ...
.
In May 2014, Entercom announced its launch of SmartReach Digital product line focused on creating
digital marketing
Digital marketing is the component of marketing that uses the Internet and online based digital technologies such as desktop computers, mobile phones and other digital media and platforms to promote products and services. Its development dur ...
options for small and medium businesses.
On December 8, 2014, Entercom announced its acquisition of Lincoln Financial Media for $105 million; the deal gave the company 14 additional stations in
Atlanta
Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,71 ...
;
Denver
Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the United ...
;
Miami
Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a coastal metropolis and the county seat of Miami-Dade County in South Florida, United States. With a population of 442,241 at th ...
; and
San Diego
San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the eighth most populous city in the United States ...
. To comply with FCC ownership limits in the Denver market and DOJ antitrust concerns, Entercom entered into an exchange agreement with Bonneville under which Entercom exchanged four stations in Denver for classic rock station KSWD in Los Angeles and $5 million in additional consideration. The stations Entercom exchanged with Bonneville were KOSI-FM, KYGO-FM, KKFN-FM and KEPN-AM. Entercom previously owned KOSI-FM, while the remaining stations were acquired through the acquisition of LFM.
Entercom and Bonneville began operating the exchanged stations under time brokerage agreement (TBAs) once the LFM transaction was completed. In November 2015, the swap deal was closed successfully.
In October 2016, Entercom announced that it would acquire four radio stations in
Charlotte, North Carolina
Charlotte ( ) is the List of municipalities in North Carolina, most populous city in the U.S. state of North Carolina. Located in the Piedmont (United States), Piedmont region, it is the county seat of Mecklenburg County, North Carolina, Meckl ...
, from
Beasley Broadcast Group
Beasley Broadcast Group, Inc., based in Naples, Florida, is an owner/operator of radio stations in the United States. , the company owned 63 stations under the Beasley Media Group name.
History
The company was founded in 1961 by George G. Beasl ...
for $24 million in cash. The deal closed in January 2017 and WBT AM/FM, WLNK-FM and WFNZ-AM joined Entercom.
Richard J. Schmaeling became Executive Vice President and Chief Financial Officer on April 18, 2017. In May 2017, Mike Dee joined the company in a newly created position as President of Sports.
On August 3, 2017, Entercom announced the purchase of a 45% stake in Cadence13 (formerly DGital Media), a
startup
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...
that handles ad sales and distribution for podcasts, including '' Pod Save America'', ''Recode Decode'' and '' The Tony Kornheiser Show''.
On Suicide Prevention Day in 2017 Entercom launched “I’m Listening,” a program dedicated to ending the stigma of talking about Mental Health.
On June 25, 2018, Entercom announced that Radio.com would become the exclusive streaming provider for all of its stations, beginning with its legacy stations on July 6, and former CBS Radio stations beginning August 1, ending its relationship with the third-party service TuneIn. All Entercom properties were also branded on-air as "A Radio.com station".
Following the termination of its deal with United States Traffic Network, Entercom launched an internal Traffic Weather and Information Network (TWIN) in August 2018.
In September 2018, Entercom's social responsibility platform Entercom Serves began in order to focus on important issues in the communities the company serves including children’s health, diversity, civic education, the environment, mental health and the military community. Later that year, Entercom launched CHANNEL Q, an LGBTQ+ Talk Radio Network providing LGBTQ+ news and information, pop culture and new music.
In February 2019 Radio.com Sports was created, featuring appearances from experts on Entercom sports stations across the country.
Mercedes-Benz
Mercedes-Benz (), commonly referred to as Mercedes and sometimes as Benz, is a German luxury and commercial vehicle automotive brand established in 1926. Mercedes-Benz AG (a Mercedes-Benz Group subsidiary established in 2019) is headquarter ...
was the first sponsor to sign on as a brand partner.
On February 13, 2019, Entercom announced that it would trade its Indianapolis cluster ( WNTR, WXNT, and WZPL) to
Cumulus Media
Cumulus Media, Inc. is an American broadcasting company and is the third largest owner and operator of AM and FM radio stations in the United States behind Audacy and iHeartMedia. As of June 2019, Cumulus lists ownership of 428 stations in 8 ...
for
WNSH
WXBK (94.7 FM, "94.7 The Block") is a classic hip hop-formatted radio station that is licensed to Newark, New Jersey and serves the New York City area. The station is owned by Audacy, Inc. WXBK’s studios are located in the combined Audacy fac ...
(now WXBK) in
New York City
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...
Enfield, Connecticut
Enfield is a New England town, town in Hartford County, Connecticut, United States, first settled by John and Robert Pease of Salem, Massachusetts Bay Colony. The population was 42,141 at the 2020 United States Census, 2020 census. It is bordered ...
, and
WHLL
WHLL (1450 AM) – branded 98.1 Hall of Fame Country – is a commercial country music radio station licensed to Springfield, Massachusetts. Owned by Audacy, Inc., the station serves the Springfield metropolitan area; and the Pioneer Valley of ...
in Springfield, Massachusetts. Both companies began operating their newly acquired stations via LMA on March 1; the swap was completed on May 13, 2019.
In April 2019, Entercom reached a distribution agreement with Waze, giving drivers the ability to access Radio.com's podcasts and on-demand audio content through Waze.
On August 19, 2019, Entercom launched the Radio.com Sports Digital Network, a collection of daily live audio and video programming from the company’s sports stations. Later that month, Paul Suchman became the company’s Chief Marketing Officer.
In September 2019, Entercom partnered with Apple to integrate its news, sports and music stations into the Apple iOS13 software and soon after, the company expanded RADIO.COM’s accessibility onto Samsung’s Bixby marketplace.
Early in 2020, Entercom opened an HD Radio Sound Space in Los Angeles as an event space and home for future live events. The space was opened with a live performance from
Coldplay
Coldplay are a British Rock music, rock band formed in London in 1997. They consist of vocalist and pianist Chris Martin, guitarist Jonny Buckland, bassist Guy Berryman, drummer Will Champion and creative director Phil Harvey (manager), Phil H ...
.
In response to the COVID-19 pandemic, Entercom developed the Stay Connected programming that included "Heroes & Difference Makers," and "Love Local," and “I'm Listening: Stay Connected," a daily digital series on mental health hosted by "LOVELINE"'s Dr. Chris Donaghue.
In September 2020
Clark Atlanta University
Clark Atlanta University (CAU or Clark Atlanta) is a private, Methodist, historically black research university in Atlanta, Georgia. Clark Atlanta is the first Historically Black College or University (HBCU) in the Southern United States. Fou ...
partnered with Entercom, to give Mass Media Arts Students at the university access to company representatives in programming, sales, digital, and on-air talent.
On October 21, 2020, Entercom announced a partnership with the
National Urban League
The National Urban League, formerly known as the National League on Urban Conditions Among Negroes, is a nonpartisan historic civil rights organization based in New York City that advocates on behalf of economic and social justice for African Am ...
to advance racial justice and equity in the communities they serve.
In 2020, Radio.com established partnerships with SoundHound Inc and Beasley Media Group.
Also in 2020, streaming platform Twitch added the video feeds from a number of Radio.com's sports stations with branded channels and GM added Radio.com to their in-dash application in Chevrolet, GMC, Buick, and Cadillac vehicles.
In March 2021, Entercom acquired podcast ad network Podcorn in a deal valued at $22.5 million. The company also reached a long-term licensing agreement with Global Music Rights (GMR), allowing the company to perform all of the songs from songwriters and publishers represented by the performance rights organization.
On March 30, 2021, after more than 50 years as Entercom, the company rebranded as Audacy to clarify its position as a scaled multi-platform audio content and entertainment company. The Radio.com name was also rebranded as the Audacy app. On the same day, Audacy and BetMGM agreed to a multi-year deal designating the sports betting and gaming platform as the preferred sports betting partner with Audacy.
Merger with CBS Radio
On February 2, 2017, Entercom announced that it had agreed to merge with
CBS Radio
CBS Radio was a radio broadcasting company and radio network operator owned by CBS Corporation and founded in 1928, with consolidated radio station groups owned by CBS and Westinghouse Broadcasting/Group W since the 1920s, and Infinity Broa ...
. The purchase will give Entercom operations in 23 of the top 25 markets, and make it the second-largest owner of radio stations in the US, behind
iHeartMedia
iHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company fou ...
. Under the terms of the Reverse Morris Trust, the company would retain the Entercom name, board of directors and base of operations, but CBS shareholders would hold 72% of its stock. The company also shut down KDND in Sacramento and returned its license to the FCC, with its programming moved to sister station KUDL. The FCC had designated that the renewal of KDND's license would be subject to a hearing over allegations it had failed to operate in the public interest.
On September 26, 2017, KSOQ-FM, WGGI and KSWD were sold to the
Educational Media Foundation
Educational Media Foundation (formerly EMF Broadcasting, abbreviated EMF) is an American nonprofit Christian media ministry based in Franklin, Tennessee, a suburb of Nashville.
EMF is the parent company of K-LOVE and Air1—the world's large ...
. KSWD and WGGI affiliated with the EMF's K-Love Christian music network, and KSOQ with its Air1 network.
To comply with federal ownership caps, Entercom stated that it would divest at least 15 stations. On November 1, 2017, Entercom announced a settlement with the Department of Justice, which allowed their merger with CBS Radio. The company also announced a series of asset exchange agreements with
iHeartMedia
iHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company fou ...
and Beasley Broadcast Group in
Boston
Boston (), officially the City of Boston, is the capital city, state capital and List of municipalities in Massachusetts, most populous city of the Commonwealth (U.S. state), Commonwealth of Massachusetts, as well as the cultural and financ ...
,
Seattle
Seattle ( ) is a port, seaport city on the West Coast of the United States. It is the county seat, seat of King County, Washington, King County, Washington (state), Washington. With a 2020 population of 737,015, it is the largest city in bo ...
Chattanooga
Chattanooga ( ) is a city in and the county seat of Hamilton County, Tennessee, United States. Located along the Tennessee River bordering Georgia, it also extends into Marion County on its western end. With a population of 181,099 in 2020, ...
; and
local marketing agreement
In North American broadcasting, a local marketing agreement (LMA), or local management agreement, is a contract in which one company agrees to operate a radio or television station owned by another party. In essence, it is a sort of lease or tim ...
s with Bonneville International Corporation in
San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...
and
Sacramento
)
, image_map = Sacramento County California Incorporated and Unincorporated areas Sacramento Highlighted.svg
, mapsize = 250x200px
, map_caption = Location within Sacramento ...
.
On November 9, 2017, the FCC gave the final approval needed for the Entercom merger by granting two 6-month waivers for market station limits in Miami and San Francisco. The merger occurred at midnight on November 17, 2017. Later that day, Entercom would switch WBMP in New York to alternative. This would then be followed up by WJMK in Chicago's switch to classic hip-hop and KVIL in Dallas-Ft. Worth's flip to alternative. The company also introduced a new corporate logo as well as other corporate strategy changes. The Entercom Divestiture Trust then entered into agreements with Bonneville International to operate its stations on their behalf.
Shortly afterward, the company announced renewed radio broadcasting partnerships with the
Minnesota Twins
The Minnesota Twins are an American professional baseball team based in Minneapolis. The Twins compete in Major League Baseball (MLB) as a member club of the American League (AL) Central Division. The team is named after the Twin Cities area ...
and
Philadelphia Eagles
The Philadelphia Eagles are a professional American football team based in Philadelphia. The Eagles compete in the National Football League (NFL) as a member club of the league's National Football Conference (NFC) East division. The team play ...
. The company also has partnerships with additional professional teams including the
New York Yankees
The New York Yankees are an American professional baseball team based in the New York City borough of the Bronx. The Yankees compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. They are one o ...
,
Boston Red Sox
The Boston Red Sox are an American professional baseball team based in Boston. The Red Sox compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. Founded in as one of the American League's eig ...
,
Dallas Cowboys
The Dallas Cowboys are a professional American football team based in the Dallas–Fort Worth metroplex. The Cowboys compete in the National Football League (NFL) as a member club of the league's National Football Conference (NFC) East divis ...
and
Detroit Red Wings
The Detroit Red Wings (colloquially referred to as the Wings) are a professional ice hockey team based in Detroit. The Red Wings compete in the National Hockey League (NHL) as a member of the Atlantic Division (NHL), Atlantic Division in the East ...
.
On July 19, 2018, Entercom announced that it would acquire Philadelphia market-leader WBEB from Jerry Lee Radio for $57.5 million. WXTU was divested back to its previous owner,
Beasley Broadcast Group
Beasley Broadcast Group, Inc., based in Naples, Florida, is an owner/operator of radio stations in the United States. , the company owned 63 stations under the Beasley Media Group name.
History
The company was founded in 1961 by George G. Beasl ...
, to comply with ownership limits.
On August 3, 2018, Entercom announced that Bonneville would buy all eight stations for $141 million, which the company had been operating under LMA since after the merger with CBS Radio. The deal was completed on September 21, 2018.
Sports betting
On September 3, 2019, Entercom’s RADIO.COM Sports signed a content distribution partnership with sports betting content platform
The Action Network
The Action Network is a sports media company featuring news and analysis focused on sports betting in the United States.
History
The company was founded by The Chernin Group in October 2017, through the acquisition and roll-up of three companies ...
that will include updates on Entercom Sports format stations and podcasts on RADIO.COM.
In late 2020, Entercom expanded into sports betting with a six-year partnership to make FanDuel its official sportsbook. As part of the deal, FanDuel promotions and betting odds would be aired on Entercom stations. The gaming brand would also have access to Entercom talent in markets where both companies operate.
Just weeks after announcing a partnership with FanDuel, Entercom acquired sports data and iGaming affiliate platform QL Gaming Group in an all-cash deal for approximately $32 million. Following the acquisition of QL Gaming Group, Entercom launched “BetQL Network” on RADIO.COM on January 25, 2021. The network serves as home for the company’s sports betting content from its sports stations nationwide and is currently available over-the-air in several markets nationwide and digitally via the Audacy app.
In March 2021, Entercom and Rush Street Interactive (RSI) reached a multi-year partnership surrounding several sports betting audio initiatives. As part of this agreement, BetRivers, RSI’s flagship brand and online sportsbook, will be the official title sponsor of Radio.com’s You Better You Bet podcast.
Businesses
Radio
On March 30, 2021, Entercom rebranded as Audacy. With this rebranding, all Audacy stations are identified at the top of each hour as "An Audacy station."
Digital
Audacy app (formerly Radio.com)
As part of the company's merger with CBS Radio, Entercom acquired Radio.com, Eventful, and
play.it
Audacy, Inc. is an American broadcasting company based in Philadelphia, Pennsylvania. Founded in 1968 as Entercom Communications Corporation, it is the second largest radio company in the United States, owning 235 radio stations across 48 me ...
.
The Audacy app, formerly known as Radio.com, is an integrated digital platform offering over 230 locally programmed radio stations and their websites. Audacy currently has over 1,000 stations from more than 100 markets
On April 23, 2020, Radio.com streams were added to Sonos Radio, available in over 10 million homes globally. A week later, Radio.com was added to Comcast televisions.
The entire lineup of Locked On podcasts was added to Radio.com on February 10, 2021, following a content distribution partnership.
The Radio.com app became the Audacy app when the company rebranded on March 30, 2021.
Podcasting
Audacy’s podcast network include Cadence13, Pineapple Street Media, and Podcorn. The network is one of the largest podcast platforms in the country (3000 podcasts) with an ever-expanding roster. The network has garnered over two billion downloads, including 30 million monthly unique listeners.
In 2019, Entercom announced its acquisition of Pineapple Street Media, a podcast producer, and the remaining portion of Cadence13. In 2021, Entercom acquired podcast ad network Podcorn, a deal valued at $22.5 million.
Cadence13
Cadence13, a division of Audacy, is a podcast studio based out of New York City. David Landau, Spencer Brown and Chris Corcoran founded Cadence13 as DGital Media alongside Michael Rolnick, a
venture capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...
ist, in 2015. In 2017, Entercom purchased a 45 percent stake in DGital Media for $9.7 million and the company changed its name to Cadence13. Co-founder Chris Corcoran is Chief Content Officer and John Murphy is President.
The company has produced podcasts for Pulitzer Prize-winning historian and author
Jon Meacham
Jon Ellis Meacham (; born May 20, 1969) is an American writer, reviewer, historian
A historian is a person who studies and writes about the past and is regarded as an authority on it. Historians are concerned with the continuous, methodical ...
and NBA star
Kevin Durant
Kevin Wayne Durant ( ; born September 29, 1988), also known by his initials KD, is an American professional basketball player for the Brooklyn Nets of the National Basketball Association (NBA). He played one season of college basketball for t ...
.
Pineapple Street Studios
Pineapple Street Studios is a podcast studio based in
Brooklyn, New York
Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, behi ...
. Originally named Pineapple Street Media, the company was founded in 2016 by former
BuzzFeed
BuzzFeed, Inc. is an American Internet media, news and entertainment company with a focus on digital media. Based in New York City, BuzzFeed was founded in 2006 by Jonah Peretti and John S. Johnson III to focus on tracking viral content. ...
head of audio Jenna Weiss-Berman and Longform co-founder Max Linsky. In August 2019, Pineapple Street was acquired by Entercom and renamed Pineapple Street Studios.
Podcorn
Podcorn facilitates podcast ad campaigns and enables direct podcasters and advertisers to have direct relationships. Using algorithms, it matches podcasters to the most relevant brands.
The platform was founded by Agnes Kozera and David Kierzkowski following the acquisition by Google of their previous company FameBit, the leading marketplace for video influencers where brands and YouTube stars collaborated for branded content.
Live experiences
Each year, Audacy operates many live events, including The Night Before, We Can Survive, Not So Silent Night, Riptide and Stars & Strings in various cities throughout the country.