SiriusXM and iHeartMedia in Early Merger Discussions
SiriusXM and iHeartMedia are in early-stage merger talks, which could create a company with over $12 billion in annual revenue. Both companies are struggling with declining subscriber numbers and shifting listener preferences toward streaming and podcasts. The merger is being advised by Irving Azoff and Apollo Global Management.
Topics: iHeartMedia media industry merger SiriusXM streaming services