SiriusXM is one of the most popular satellite radio services in the US. However, the growth of paid radio subscribers is falling as free offerings like podcasts find more popularity than ever before. In an effort to ride the wave, SiriusXM has announced its acquisition of Stitcher, a mainstay in the world of podcasting.
Stitcher may be known mostly for its podcasting platform, but the company also runs the Midroll Media advertising firm, as well as its own podcast networks such as Earwolf and Witness Docs.
Read MoreSiriusXM is buying podcasting platform Stitcher for $325 million was written by the awesome team at Android Police.
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