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Liberated Syndication Inc. (OTCQB:LSYN) appointed Jonathan Charak as Chief Financial Officer, effective September 29, 2021. Charak, a CPA with a degree from the Kelley School of Business, has extensive financial leadership experience, previously helping grow Telular Corporation's enterprise value by over 17 times. He aims to support Libsyn's growth plans in the podcasting industry. President Laurie Sims expressed confidence in Charak's ability to drive strategic growth through his previous success in high-growth roles.
Liberated Syndication Inc. (OTCQB:LSYN) has updated its podcast advertising rates, showing the average CPM for a 60-second spot at
Liberated Syndication Inc. (OTCQB:LSYN) announced an upcoming webinar featuring Dave Hanley, CRO of AdvertiseCast, scheduled for August 19th, 2021, at 2:00 PM EST. The webinar aims to enhance podcast monetization strategies for creators, offering insights on sponsorship opportunities and advertising types. The acquisition of AdvertiseCast has bolstered Libsyn's advertising services, emphasizing their commitment to supporting podcasters. The session will include a Q&A, and all webinars are recorded for later access.
Liberated Syndication Inc. (OTCQB:LSYN) announced a strategic partnership with Fireside, a storytelling platform co-founded by Mark Cuban. The partnership aims to enhance content creators' control through an open RSS-based distribution model, allowing them to engage audiences more effectively. Libsyn’s President and COO, Laurie Sims, emphasized their commitment to supporting creators with advanced tools and analytics. This collaboration capitalizes on both companies' strengths, anticipating that individual creators will drive future media success. Libsyn has delivered over 6 billion downloads and hosts more than 75,000 podcasts.
Liberated Syndication Inc. (OTCQB:LSYN) will participate in Podcast Movement 2021, the largest podcasting conference, from August 3rd to 6th in Nashville, TN. The company is a Silver Sponsor and will feature at two booths. Attendees can engage with brands like AdvertiseCast, Auxbus, Glow, Libsyn, and Pair Networks, focusing on content creation, growth, and monetization. Libsyn President Laurie Sims emphasizes the importance of community engagement in podcasting as they connect with creators at this significant event.
Liberated Syndication Inc. (OTCQB:LSYN) has joined the Canva Partner Program, enhancing its podcast hosting services. This collaboration allows Libsyn podcasters to create professional podcast artwork easily using Canva's tools. According to Libsyn's COO Laurie Sims, high-quality show branding is crucial for audience attraction in a competitive market. The integration simplifies the design process for users, making it particularly beneficial for new podcasters. Libsyn has a strong track record, hosting over 75,000 podcasts and achieving over 6 billion downloads in 2020.
Liberated Syndication (LSYN) has announced a partnership with JioSaavn, India's leading music streaming service, which boasts over 100 million monthly active users. This collaboration enhances Libsyn's distribution capabilities by integrating over 75,000 podcasts on the JioSaavn platform, significantly increasing exposure for creators. The partnership is positioned to fuel growth in podcasting, especially in India, the third-largest podcasting market globally. Libsyn continues to support podcast creators with tools for growth and monetization.
Liberated Syndication Inc. (OTCQB:LSYN) announced its recognition as a leader in the podcast industry by being featured in two prestigious lists. The company was named one of Techradar's Best Podcast Hosting Providers of 2021 and awarded Best Podcast Publisher at the Quill Podcast Awards 2021. Techradar highlighted Libsyn's unlimited bandwidth and monetization features, while the Quill Awards recognized its excellence endorsed by industry leaders. Libsyn has supported over 75,000 podcasts and delivered over 6 billion downloads in 2020, affirming its position in the podcasting market.
On June 7, 2021, Liberated Syndication (OTCQB:LSYN) completed a $30 million acquisition of AdvertiseCast, LLC, enhancing its position in the podcasting industry. The deal includes $18 million in cash, $10 million in Libsyn shares, and a $2 million earn-out. AdvertiseCast, a leading podcast advertising company founded in 2016, experienced a 45% revenue growth in 2020, reaching approximately $12 million. The merger aims to combine Libsyn's 75,000 podcasts with AdvertiseCast's advertising capabilities, creating new revenue opportunities for podcasters and advertisers alike.
Liberated Syndication (OTCQB:LSYN) has completed its acquisition of AdvertiseCast for $30 million, with $18 million in cash, $10 million in Libsyn shares, and a $2 million earn-out. This strategic move aims to enhance Libsyn's podcast advertising capabilities and drive monetization solutions for independent podcasters. AdvertiseCast's co-founders will remain with the company in key roles. Additionally, Libsyn secured $25 million in a private placement to support growth. The partnership is expected to benefit both companies and leverage industry growth in podcast advertising, projected to reach $2 billion by 2023.
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