iHeartMedia and SiriusXM may be talking merger.
That’s according to Reuters and Bloomberg, which report early, exploratory discussions about combining iHeart’s nearly 900 radio stations and podcast network with SiriusXM’s satellite programming, along with its own podcast and media businesses. The Wrap adds that music industry mogul Irving Azoff is involved in talks to acquire both and bring them together.
But let’s be clear: there’s no confirmation. Both companies declined to comment. And even if those conversations happened, this is as early as it gets. Most talks at this stage go nowhere.
But what would happen if they did?
