{"id":258426,"date":"2025-11-12T10:25:11","date_gmt":"2025-11-12T10:25:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/258426\/"},"modified":"2025-11-12T10:25:11","modified_gmt":"2025-11-12T10:25:11","slug":"tunein-sold-to-canadian-media-group-stingray-radiotoday","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/258426\/","title":{"rendered":"TuneIn sold to Canadian media group Stingray \u2013 RadioToday"},"content":{"rendered":"<p>\t\t\t\t\t\t\t\t\t\t<a itemprop=\"url\" class=\"ysbvegnl-link\" href=\"https:\/\/todayl.ink\/aiirjune\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" class=\"ysbvegnl-image\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/07\/RTUKPackageDeal1webp.webp.webp\" alt=\"Aiir June 2\"\/><\/a><\/p>\n<p>Canadian media group Stingray has announced plans to acquire TuneIn in a deal worth up to US$175 million. <\/p>\n<p><a href=\"https:\/\/todayl.ink\/WiseBuddah\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/07\/RadioToday-Small-Image-150x150-1.png\" width=\"150\" height=\"150\"\/><\/a><\/p>\n<p>Under the terms of the deal, Stingray will pay US$150 million on completion, with up to US$25 million due a year later. <\/p>\n<p>TuneIn, which serves over 75 million active listeners each month and provides access to more than 100,000 radio stations and podcasts, is forecast to generate US$110 million in revenue this year with adjusted EBITDA of US$30 million.<\/p>\n<p>The transaction, expected to close by the end of the year subject to shareholder and regulatory approvals, will be financed through Stingray\u2019s renewed credit facility, which includes an additional US$150 million term loan. <\/p>\n<p>Once completed, the deal will lift the combined group\u2019s annual revenue to more than US$400 million.<\/p>\n<p>Eric Boyko, Stingray\u2019s president, co-founder and chief executive, said the acquisition represented \u201ca pivotal moment\u201d for the company. <\/p>\n<p>\u201cWe are crafting an unmatched audio ecosystem by merging Stingray\u2019s extensive technology infrastructure and content distribution capabilities with TuneIn\u2019s expertise in monetisation, advertising technology, and diverse content offerings,\u201d he said.<\/p>\n<p>TuneIn\u2019s chief executive, Richard Stern, described Stingray as \u201cthe ideal partner to propel TuneIn\u2019s next chapter of growth\u201d, adding that the partnership would \u201caccelerate our mission of delivering the world\u2019s best audio content to listeners everywhere\u201d.<\/p>\n<p>The acquisition will see Stingray combine its music and video services with TuneIn\u2019s distribution across more than 200 connected platforms and 50 in-car audio systems.<\/p>\n<p>Following completion, TuneIn will continue to operate under its existing brand. <\/p>\n","protected":false},"excerpt":{"rendered":"Canadian media group Stingray has announced plans to acquire TuneIn in a deal worth up to US$175 million.&hellip;\n","protected":false},"author":2,"featured_media":258427,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[96,128,56,54,55],"class_list":{"0":"post-258426","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-music","8":"tag-entertainment","9":"tag-music","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/258426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=258426"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/258426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/258427"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=258426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=258426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=258426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}