Hubbard Radio takes ownership position in podcast giant - Minneapolis Star Tribune

Morris is a third-generation part of your Hubbard family, that was a Midwestern broadcasting pioneer dating again towards the 1920s.

"Great content material always wins," Morris stated in a statement about the Hubbard investment. Pattiz in addition is the founder along with former chairman involving Westwood One, a new broadcasting giant within sports along with syndicated programming.

Hubbard Radio, that continues to be on the two-year acquiring binge, has had a new thirty percent stake inside ­PodcastOne, the particular largest commercial podcast network in the U.S., the 2 broadcast organizations announced Monday.. Louis, Phoenix as well as Seattle.

Terms with the equity offer weren't disclosed, however the investment puts Hubbard, headquartered throughout St. Paul, in the strong minority owner's role in an operation whose ability consists of Larry King, Dan Patrick, Steve ­Austin, Shaquille O'Neal, Laura Ingraham as well as Nicole "Snooki" Polizzi.

Pattiz and Gray began ­PodcastOne three years ago.

"The accomplishments with the Hubbard family within the broadcasting, content along with media worlds talk pertaining to themselves," Pattiz said.

Hubbard Radio, below Morris' direction, 2 years back expended $85 million for you to acquire ten stereo over the country along with this past year expended $8 million more for 16 stations within northern Minnesota.

Pattiz stated "embracing almost all forms associated with audio distribution, coming from broadcasting to end up being able to streaming as well as on-demand is what will drive radio as a medium."

Hubbard Radio CEO Ginny ­Morris as well as PodcastOne Chairman as well as CEO Norm Pattiz mentioned the actual partnership allows the 2 companies to develop content, cross-promote programming, develop the ­PodcastOne brand, help to make use of latest technologies along with launch joint marketing along with advertising and advertising on national, regional along with nearby levels.

Morris referred in order to as Pattiz and ­PodcastOne President Kit Gray "great radio mavericks [who] use a vision we believe in."

He praised Morris and additionally the Hubbard collection associated with broadcast operations, that consist of radio along with television, cable network ReelzChannel and also F&F Productions. "It will provide additional options that will expand our audience and build the worthiness of our present assets."

However, the particular agreement allows PodcastOne and also father or mother company Courtside Entertainment Team for you to maintain independent control of operations, that contain a lot a lot more than 200 programs.

Additionally to the Twin Cities, Hubbard has a radio existence throughout big-city markets such as Washington, D.C., Cincinnati, St

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