Cadence13 (formerly DGital Media Inc. ) was a media company based in New York City that created, distributed, and monetized audio content, primarily podcasts . The company was founded in 2015 and was a division of Audacy, Inc. The company was helmed by chief executive officer Spencer Brown, Chief Content Officer Chris Corcoran and President John Murphy. It was a major podcasting network and has produced podcasts for actor Joseph Gordon-Levitt , reality star Lauren Conrad , journalist Neil Strauss , and author Rachel Hollis . Cadence13 had partnerships with several other companies, including Goop , Crooked Media , and Tenderfoot TV.
16-609: David Landau and Spencer Brown worked together as co-CEOs for Westwood One and in 2015 founded Cadence13 as DGital Media, alongside venture capitalist Michael Rolnick. In 2017, Entercom purchased a 45 percent stake in DGital Media for $ 9.7 million. In 2018, Cadence13 teamed up with the United Talent Agency to create Ramble, the "first podcast network devoted exclusively to online creators". In April 2019, Cadence13 announced that it would be starting C13Originals, under which
32-471: A cluster in Fresno, California formerly owned by Peak Broadcasting—which was also being acquired by Townsquare. On September 4, 2013, ahead of the completion of the purchase, Dial Global announced that it would rename itself Westwood One, citing stronger name recognition. The sale was completed on December 12, 2013. As a result of all of these acquisitions, Cumulus Media now controls the remnants of all four of
48-459: A company founded in 1976. The company was, at various times, managed by CBS Radio , the radio arm of CBS Corporation and Viacom . It was later purchased by the private equity firm The Gores Group before merging with Dial Global in 2011. In December 2013, Dial Global was, in turn, acquired by Cumulus Media . Prior to the sale's completion, Dial Global re-assumed the Westwood One name. After
64-544: A share; by mid-January 2013, DG's stock was trading at .30 a share. In a SEC 8-K filing dated January 15, 2013, DG announced that it had extended a loan waiver agreement with certain lenders. On August 29, 2013, Cumulus Broadcasting announced its intent to acquire Dial Global for $ 260 million, and merge it into its existing Cumulus Media Networks division. To fund the sale, Cumulus sold 53 radio stations to Townsquare Media (a radio broadcasting company owned by Oaktree), and traded 15 more stations to Townsquare in exchange for
80-534: The Audacy Podcasts umbrella. The reorganization comes as part of Audacy’s plan to emerge from Chapter 11 bankruptcy. ** = Audacy operates pursuant to a local marketing agreement with Martz Communications Group . Westwood One Westwood One, Inc. is an American radio network owned by Cumulus Media . The company syndicates talk, music, and sports programming. The company takes its name from an earlier network also named Westwood One ,
96-478: The Dial Global name for all of its programming and later bought the remainder of Westwood One in 2011, folding it into its Dial Global subsidiary. Dial Global began exhibiting signs of financial distress in late 2012, a possible side effect of its numerous acquisitions. On November 15 of that year, Dial Global announced a disappointing third quarter that it attributed in part to the financial impact of its exposure to
112-400: The bankruptcy reorganization, Audacy has made a deal with its creditors to transfer control to them while cutting approximately $ 1.6 billion of its debt. On March 21, 2024, Audacy announced it would be reorganizing its podcast division under the new branding of Audacy Podcasts. As part of the move, the company will be sunsetting the brand name of Cadence13 and moving the staff and content under
128-482: The companies. Cadence13 was named one of Fast Company 's "World's Most Innovative Companies for 2019". In March 2020, Cadence13 announced that they would be launching a podcast with former presidential candidate Andrew Yang , titled Yang Speaks . In early January 2024, it was announced that their parent company Audacy would be preparing to file for bankruptcy within the upcoming weeks. On January 7, 2024, Audacy filed for Chapter 11 bankruptcy protection. As part of
144-590: The company would release several new podcast shows featuring unscripted audio stories. The first C13Originals show released was Gangster Capitalism . In July 2019, a partnership was announced between Cadence13 and Nielsen Holdings , with Cadence13 being one of the first few companies under the Nielsen Podcast Listener Buying Power Service. On August 7, 2019, it was announced that broadcasting company Entercom had entered into an agreement with Cadence13 and Pineapple Street Media to acquire
160-560: The completion of the purchase, Westwood One was merged into the Cumulus Media Networks division (the former ABC Radio Networks). Content syndicated by Westwood One includes talk shows, music programs and 24-hour formats. It is particularly prominent in sports radio, distributing Infinity Sports Network and holding various play-by-play rights, including the National Football League 's main radio package . Dial Global
176-474: The controversy surrounding a certain controversial talk personality, which was widely assumed to be a veiled reference to Rush Limbaugh in the wake of the Rush Limbaugh–Sandra Fluke controversy (although Limbaugh has no direct association with Dial Global). It simultaneously announced that it had filed for delisting from NASDAQ. At the time of the announcement, Dial Global stock was trading at $ 2.00
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#1732858484855192-1055: The issue in April 2016. Cumulus won the lawsuit in late 2017, and TRN ceased operations at the end of that year. By 2015, Westwood One had been fully integrated into Cumulus Media Networks , with Westwood One as the surviving brand. The merger resulted in layoffs from its Westwood One's facilities in Colorado, including some of its in-house airstaff (who would be offered vacant positions at Cumulus stations). The company stated that it planned to leverage talent from Cumulus's local stations (particularly in major markets) for its 24-hour formats. Cumulus filed for Chapter 11 bankruptcy protection in November 2017. In January 2018, it began moving to terminate its broadcast contracts, including those through Westwood One. It emerged from bankruptcy protection in June 2018. Triton Media Group, by this point rebranded as Triton Digital ,
208-715: The major networks from the Golden Age of Radio : the former NBC Radio Network , the Mutual Broadcasting System , the distribution rights to most of CBS , the former ABC Radio Network, and CBS Sports Radio ( CBS Radio owned stations, but were merged with Entercom on November 17, 2017; ABC , which still owns a few stations outside its original network primarily for ESPN Radio as of December 18, 2015 until 2023, pulled its content from Cumulus on January 1, 2015; and NBC, after having its content dropped from Westwood One in 2015, moved its content to iHeartMedia in 2016.) Among
224-516: The numerous other holdings Cumulus now controls are the libraries of Transtar, RKO , Waitt, Jones, BPI, Watermark , and Drake-Chenault . The company's numerous acquisitions prompted rival Talk Radio Network to file an antitrust lawsuit against what was then Dial Global in August 2012. Cumulus settled the lawsuit with TRN on amicable terms in March 2014, which was followed by TRN filing another lawsuit over
240-574: Was founded as X Radio Networks, a division of Excelsior Radio Networks. It merged with Dial Communications and Global Media in 2006, from which it derived the Dial Global name. Dial Global initially specialized in syndicated weekend music programs of various types. In 2007 it acquired the former Transtar Radio Networks from the original Westwood One. Triton Media Group , a subsidiary of Oaktree Capital Management , purchased Excelsior in early 2008, and soon bought two of its three main competitors: Waitt Radio Networks and Jones Radio Networks . Triton used
256-546: Was spun off to The E. W. Scripps Company in October 2018; as Scripps does not operate radio stations (it had a brief foray in the medium after its acquisition of Journal Media Group , but divested its stations in 2018), the radio-related assets remain in the possession of Westwood One. Waitt Radio Networks Too Many Requests If you report this error to the Wikimedia System Administrators, please include
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