Under its public media ownership, the app was made free to download after previously costing $3.99.The first lets you cycle through playback speed by tapping. NPR’s share of the loss was more than $800,000. NPR’s financial statement showed that Pocket Casts had a net loss in the network’s fiscal year 2020. NPR and NYPR increased their ownership stake to 34.6% each, while CPM decreased its stake to about 27.5%. The organizations formed Podcast Media LLC, which operates the podcast platform and is governed by a board of representatives from each organization.īBC Studios Americas acquired a small ownership stake last year in Pocket Casts - about 3.4%, according to the NPR AFR. NPR, New York Public Radio and Chicago Public Media acquired Pocket Casts in 2018, with each taking a one-third ownership stake. NPR spokesperson Isabel Lara told Current that “the plan of a sale” of Pocket Casts is in “early stages of development.” Lara did not respond to other questions about the sale. ![]() ![]() Moog did not respond to Current’s questions about the sale. Pocket Casts CEO John Gibbons did not respond to Current’s questions, calling the situation a “fluid event.” Gibbons referred questions to board chair Matt Moog, interim CEO at Chicago Public Media. The public broadcasters who own Pocket Casts are selling the podcast platform, less than a year after it was declared public media’s “ answer to Spotify.”Ī board made up of representatives of Pocket Casts’ owners - NPR, New York Public Radio, Chicago Public Media and BBC Studios Americas - agreed in December to sell the platform, according to NPR’s latest audited financial report.
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