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Re: MrT11 post# 64

Friday, 08/14/2020 11:02:22 AM

Friday, August 14, 2020 11:02:22 AM

Post# of 114
ETM at $1.71 has a market cap of $221 Million. From the CC,

As you know, Sirius XM recently announced the acquisition of Stitcher and Midroll scripts podcast e-business for $325 million.

We noted that with interest as our own podcasting business is roughly equivalent in size and have a very similar makeup to Stitcher and Midroll. As you know, we acquired that business in two separate deals for Cadence 13 and Pineapple Street Studios were just under $50 million less than a year ago. Because podcasting is such a new component of our business, we believe investors will overlook that substantial strategic enhancement in value creation.

This means just ETM's podcasting business is worth $325 million.
I'm holding as I think this goes higher. JMO