![]() Under its public media ownership, the app was made free to download after previously costing $3.99. Pocket Casts provides next-level listening, search and discovery tools. NPR’s share of the loss was more than $800,000. NPR’s financial statement showed that Pocket Casts had a net loss in the network’s fiscal year 2020. Blurred background with Pocket Casts logo. ![]() NPR and NYPR increased their ownership stake to 34.6% each, while CPM decreased its stake to about 27.5%. Mobile phone with Pocket Casts icon on screen close up with website on laptop. The organizations formed Podcast Media LLC, which operates the podcast platform and is governed by a board of representatives from each organization.īBC Studios Americas acquired a small ownership stake last year in Pocket Casts - about 3.4%, according to the NPR AFR. NPR, New York Public Radio and Chicago Public Media acquired Pocket Casts in 2018, with each taking a one-third ownership stake. NPR spokesperson Isabel Lara told Current that “the plan of a sale” of Pocket Casts is in “early stages of development.” Lara did not respond to other questions about the sale. Original 10/13: The latest beta version of Pocket Casts currently: 7.24-rc-4 (9038) migrate s app to Android 13 by targeting the SDK version 33. Moog did not respond to Current’s questions about the sale. Automattic, which is known for and bought Tumblr from Verizon in 2019, announced that its now acquiring Pocket Casts. Pocket Casts CEO John Gibbons did not respond to Current’s questions, calling the situation a “fluid event.” Gibbons referred questions to board chair Matt Moog, interim CEO at Chicago Public Media. The public broadcasters who own Pocket Casts are selling the podcast platform, less than a year after it was declared public media’s “ answer to Spotify.”Ī board made up of representatives of Pocket Casts’ owners - NPR, New York Public Radio, Chicago Public Media and BBC Studios Americas - agreed in December to sell the platform, according to NPR’s latest audited financial report.
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