An investment from Chernin's group to Omaha Productions would allow the company to "expand further into digital content, podcasts and sports-adjacent entertainment".
"Trial subscribers that listen to sports channels convert to a paid tier at a higher rate than those who don’t," said SiriusXM president and CCO Scott...
"No one doubts that there is still massive growth potential for mobile sports betting. In order to reach that potential though, the companies have to show...
"According to The Boardroom, Flutter Inc. CEO, Peter Jackson, strongly denied that they are interested in purchasing The Athletic."
"The company projects itself to be profitable in 2023 with a revenue projection of $153 million."
"The Athletic boasts 1.2 million subscribers and had previously been in talks to merge with Axios or The New York Times, but those deals fell through."
ESPN+ also announced a price increase this week.
Axios and The Athletic were reportedly in merger talks as recently as March.
"Alex Mather, chief executive of the Athletic, initiated the conversation, according to The Journal's Benjamin Mullin. He approached Axios CEO Jim VandeHei last week to propose...
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