Audacy takes $10 million hit to leave ‘onerous’ podcasting deal with APM

Repeating green microphones over a black background Illustration by Kristen Radtke / The Verge; Getty Images

This story originally ran in Hot Pod Insider, a newsletter from The Verge on podcasting and the audio industry. Sign up here.


American Public Media and Audacy’s Cadence13 will exit a multiyear advertising partnership at the end of August — roughly a year before its intended end date, Hot Pod has learned from APM. Neither company has disclosed the exact reasons for the contract’s termination or its timing, though APM cited “changing market dynamics” and Audacy referred to the deal as “onerous.” Th...

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