Tag: broadcast radio company

According to a report by Lauren Hirsch and Benjamin Mullen in The New York Times, SiriusXM is in the early stage of talks to acquire iHeartMedia. The report notes that neither company responded to requests for comment. The report states, “Liberty SiriusXM Group, once an affiliate of John Malone’s media empire, formerly held significant stakes in both companies. But it eventually sold its stake in iHeartMedia, primarily a broadcast radio company, and split off its ownership of SiriusXM, the satellite radio company, into a separate entity.” The story goes on to underscore that the talks are in the early stages, and a deal may not take place. See the Times story here.