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Apple reportedly considers buying a stake in Iheart

RadioPatrol said:
An update Liberty wants a controlling stake in Iheart Media.
Click to expand...

It's confusing because 35% is not a controlling stake. The creditors will have the controlling stake. But they want to turn that equity into cash, and the way to do it is to sell that equity to operators. So they will begin their negotiations with the creditors. This will be a long slow process.

Here's another article with a link to the New York Post article:

https://www.allaccess.com/net-news/...berty-media-eyeing-a-piece-of-post-bankruptcy
 
I'm also wondering if a motivator for the tie-in to a radio station group, is to reduce their streaming music royalty fees. iHeart's streaming service does well, partially because they've made it a side car of their radio business.
 
Kelly A said:
I'm also wondering if a motivator for the tie-in to a radio station group, is to reduce their streaming music royalty fees. iHeart's streaming service does well, partially because they've made it a side car of their radio business.
Click to expand...

Then again, the music industry has been pretty vigilant about that, and if they sense that's the primary motivation, they're likely to either sue or challenge.

So far, I haven't seen any complaints about the Pandora purchase by Sirius.
 
Kelly A said:
I'm also wondering if a motivator for the tie-in to a radio station group, is to reduce their streaming music royalty fees. iHeart's streaming service does well, partially because they've made it a side car of their radio business.
Click to expand...

Remember that Pandora tried that with their purchase in Sioux Falls, and this was not accepted as qualifying the whole company for the radio-based rates... so they got rid of the station.

Obviously, with a much larger radio group this would have to be reexamined again.
 
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