PodcastOne Names Steve Lehman Vice Chairman to Drive Its Mergers, Acquisitions and Strategy Efforts
PodcastOne (NASDAQ: PODC), a leading podcast platform, has appointed Steve Lehman as Vice Chairman to drive growth opportunities and advise on mergers, acquisitions, and strategy. Lehman, with extensive experience in media and finance, will leverage his background to enhance PodcastOne's global brand and shareholder value. His appointment aligns with the company's vision for long-term growth and expansion of high-margin revenue channels.
Lehman's impressive career includes founding Premiere Networks, investing in Broadcast.com, and serving on boards of various tech and media companies. PodcastOne, founded in 2012, offers a comprehensive podcast solution, delivering over 2.1 billion downloads annually with a network of 250 top podcasters. The company's distribution network reaches over 1 billion listeners monthly across multiple platforms.
PodcastOne (NASDAQ: PODC), una delle principali piattaforme di podcast, ha nominato Steve Lehman come Vice Presidente per guidare le opportunità di crescita e fornire consulenze su fusioni, acquisizioni e strategia. Lehman, con una vasta esperienza nei settori dei media e della finanza, sfrutterà il suo background per migliorare il brand globale di PodcastOne e il valore per gli azionisti. La sua nomina si allinea con la visione dell'azienda per una crescita a lungo termine e l'espansione di canali di reddito ad alta margine.
La carriera impressionante di Lehman include la fondazione di Premiere Networks, investimenti in Broadcast.com e la partecipazione ai consigli di amministrazione di diverse aziende tecnologiche e mediatiche. PodcastOne, fondata nel 2012, offre una soluzione completa per i podcast, registrando oltre 2,1 miliardi di download all'anno con una rete di 250 top podcaster. La rete di distribuzione dell'azienda raggiunge oltre 1 miliardo di ascoltatori mensili su più piattaforme.
PodcastOne (NASDAQ: PODC), una de las principales plataformas de podcasts, ha nombrado a Steve Lehman como Vicepresidente para impulsar las oportunidades de crecimiento y asesorar en fusiones, adquisiciones y estrategia. Lehman, con amplia experiencia en medios y finanzas, aprovechará su trayectoria para mejorar la marca global de PodcastOne y el valor para los accionistas. Su nombramiento se alinea con la visión de la compañía para un crecimiento a largo plazo y la expansión de canales de ingresos de alto margen.
La impresionante carrera de Lehman incluye la fundación de Premiere Networks, inversiones en Broadcast.com y servir en juntas de diversas empresas tecnológicas y de medios. PodcastOne, fundada en 2012, ofrece una solución integral de podcast, logrando más de 2.1 mil millones de descargas anuales con una red de 250 de los mejores podcasters. La red de distribución de la compañía alcanza a más de 1 mil millones de oyentes mensuales a través de múltiples plataformas.
PodcastOne (NASDAQ: PODC), 주요 팟캐스트 플랫폼 중 하나가 스티브 레먼을 부회장으로 임명하여 성장 기회를 이끌고 인수합병 및 전략에 대한 자문을 제공하게 되었습니다. 미디어와 금융 분야에서 풍부한 경험을 가진 레먼은 자신의 배경을 활용해 PodcastOne의 글로벌 브랜드와 주주 가치를 향상시킬 것입니다. 그의 임명은 회사의 장기 성장 비전 및 높은 마진 수익 채널의 확대와 일치합니다.
레먼의 인상적인 경력에는 Premiere Networks의 창립, Broadcast.com에 대한 투자, 여러 기술 및 미디어 회사의 이사회 임원이 포함됩니다. 2012년에 설립된 PodcastOne은 250명의 주요 팟캐스터 네트워크와 함께 매년 21억 회의 다운로드를 제공하는 포괄적인 팟캐스트 솔루션을 제공합니다. 이 회사의 배급 네트워크는 여러 플랫폼을 통해 매달 10억 명 이상의 청취자에 도달합니다.
PodcastOne (NASDAQ: PODC), une des principales plateformes de podcasts, a nommé Steve Lehman au poste de Vice-Président pour stimuler les opportunités de croissance et conseiller sur les fusions, acquisitions et stratégies. Lehman, avec une vaste expérience dans les domaines des médias et des finances, utilisera son expérience pour améliorer la marque mondiale de PodcastOne et la valeur pour les actionnaires. Sa nomination s'inscrit dans la vision de l'entreprise pour une croissance à long terme et l'expansion des canaux de revenus à forte marge.
La carrière impressionnante de Lehman comprend la création de Premiere Networks, des investissements dans Broadcast.com et son siège dans les conseils d'administration de diverses entreprises technologiques et médiatiques. PodcastOne, fondée en 2012, propose une solution de podcast globale, avec plus de 2,1 milliards de téléchargements annuels et un réseau de 250 des meilleurs podcasteurs. Le réseau de distribution de l'entreprise atteint plus de 1 milliard d'auditeurs par mois sur différentes plateformes.
PodcastOne (NASDAQ: PODC), eine der führenden Podcast-Plattformen, hat Steve Lehman zum stellvertretenden Vorsitzenden ernannt, um Wachstumschancen voranzutreiben und bei Fusionen, Übernahmen und Strategien zu beraten. Lehman, der über umfangreiche Erfahrung in den Bereichen Medien und Finanzen verfügt, wird seinen Hintergrund nutzen, um die globale Markenpräsenz von PodcastOne und den Wert für die Aktionäre zu steigern. Seine Ernennung steht im Einklang mit der Vision des Unternehmens für langfristiges Wachstum und die Erweiterung von hochmargigen Einnahmequellen.
Lehmans beeindruckende Karriere umfasst die Gründung von Premiere Networks, Investitionen in Broadcast.com und die Mitgliedschaft in den Vorständen verschiedener Technologie- und Medienunternehmen. PodcastOne, gegründet im Jahr 2012, bietet eine umfassende Podcast-Lösung und verzeichnet jährlich über 2,1 Milliarden Downloads mit einem Netzwerk von 250 Top-Podcastern. Das Vertriebsnetz des Unternehmens erreicht monatlich über 1 Milliarde Zuhörer auf mehreren Plattformen.
- Appointment of experienced executive Steve Lehman as Vice Chairman
- Focus on driving organic and inorganic growth opportunities
- Potential for enhanced mergers and acquisitions strategy
- Network of 250 top podcasters
- 2.1 billion annual downloads
- Distribution network reaching over 1 billion listeners monthly
- Expansion into new high-margin revenue channels
- None.
LOS ANGELES, Sept. 09, 2024 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ: PODC), a leading on demand pure play podcast platform offering a 360-degree turnkey solution, including content creation, brand integration and distribution, announced today the appointment of Steve Lehman as its Vice Chairman, focusing on helping PodcastOne drive both organic and inorganic growth opportunities, as well as advising PodcastOne’s senior management with regard to PodcastOne’s mergers and acquisitions efforts and overall strategy and increasing its shareholder value. Lehman will leverage his extensive background in business and finance having headed both Nasdaq and NYSE companies, as well as start-up businesses in the media, entertainment, and tech industries.
“We are pleased to welcome Steve Lehman to PodcastOne. His unique knowledge of content and media, and his successful track record and history in merger, roll-up, and consolidation, perfectly aligns with PodcastOne’s strategy and vision for its long-term growth. We continue to launch new revenue channels with high margins atop of our existing strong infrastructure, and we look forward to leveraging Steve’s experience, leaning into his expertise and relationships as PodcastOne further builds its global brand,” said PodcastOne President and Co-Founder, Kit Gray.
Lehman has extensive experience on both boards, and advisory boards, with companies including Vymedic Biotech, Valkyrie Bitcoin ETF (Nasdaq), CoFoundersLab, DocuSign, Krach Institute for Tech Deplomacy, Ucode and multiple other start-ups to series A companies. Lehman was a first round investor in Mark Cuban’s Broadcast.com, a partner in merchant bank Broadstream Capital Partners, and a seasoned investor, entrepreneur, and lifelong business leader. Lehman was the Founder, Chairman, and CEO of the largest radio network in the US, Premiere Networks (Nasdaq), which is now the part of iHeartRadio’s empire of audio companies.
About PodcastOne
PodcastOne (Nasdaq: PODC) is a Los Angeles based podcast network founded in 2012 by Kit Gray and Norm Pattiz providing creators and advertisers with a full 360-degree solution in sales, marketing, public relations, production, and distribution delivering over 2.1 billion downloads per year with a community of 250 of the top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, A&E's Cold Case Files and Varnamtown. PodcastOne has built a distribution network reaching over 1 billion listeners a month across all of its own properties, LiveOne (Nasdaq: LVO), Spotify, Apple Podcasts, iHeartRadio, Samsung and over 150 shows exclusively available in Tesla vehicles. PodcastOne is also the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. For more information, visit PodcastOne.com and follow us on Facebook, Instagram, YouTube and Twitter at @podcastone. For more investor information, please visit ir.podcastone.com/overview/default.aspx.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on one key customer for a substantial percentage of its revenue; LiveOne’s and PodcastOne’s ability to consummate any proposed financing, acquisition, special dividend, merger, distribution or transaction, including the spin-out of LiveOne’s pay-per-view business, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne’s ability to continue as a going concern; PodcastOne’s ability to attract, maintain and increase the number of its listeners; PodcastOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; PodcastOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of PodcastOne, LiveOne and/or LiveOne’s other subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in PodcastOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, PodcastOne’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed with the SEC on August 13, 2024, and in PodcastOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and PodcastOne disclaims any obligation to update these statements, except as may be required by law. PodcastOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
Press Contacts:
For PodcastOne
310.246.4600
Susan@Guttmanpr.com
Investor Relations:
Jason Assad
678-570-6791
jwassad@podcastone.com
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