Hubbard Radio Buys 30% Stake In PodcastOne
August 3, 2015 at 3:42 AM (PT)
HUBBARD RADIO has purchased a 30% stake in podcast ad sales representative and network PODCASTONE from NORM PATTIZ' COURTSIDE ENTERTAINMENT GROUP. PODCASTONE will be maintained as an independent operation.
HUBBARD Chair/CEO GINNY MORRIS said, “We could not be more pleased and excited to have the chance to collaborate with NORM PATTIZ and (PODCASTONE President) KIT GRAY. These great audio mavericks have a vision that we believe in, and are honored to be a part of. Great content always wins, and to make great content available at the convenience of the consumer is a natural evolution and one that our industry is beginning to embrace. It will provide additional options that expand our audience and build the value of our existing assets.”
PATTIZ said, “They say you’re judged by the company that you keep. In that case, my reputation just got a huge boost. I am so looking forward to working with GINNY and her entire team. The accomplishments of the HUBBARD family in the broadcasting, content and media worlds speak for themselves. I view this as, not only a great deal for both of our companies, but more importantly, for the radio industry as a whole. Embracing all forms of audio distribution, from broadcasting to streaming and on-demand is what will drive radio as a medium continually growing and on the cutting edge.”