Podcast Radio secures investment from Tindle Media Group

Tindle Media Group has acquired a stake in Podcast Radio, by making an investment in the station as it grows internationally.

The deal sees Tindle taking a 10% interest in Podcast Radio, which launched three years ago and uses the trust and familiarity people have in radio to help them sample and choose podcasts.

Tindle owns and operates Channel 103 in Jersey, Island FM in Guernsey, Soleil Radio across the Channel Islands and Midlands 103 in Ireland. It also owns 23 local and regional newspaper titles across the UK.

Nation Broadcasting invested in Podcast Radio last year also in return for a 10% stake.

Gerry Edwards, Founder and CEO of Podcast Radio, says: “We’re pleased to have two very well-established commercial radio groups support our exciting plans to grow internationally. Both Nation and Tindle have shown great faith in Podcast Radio and we want to draw on their operational and commercial experience as we expand.”

Danny Cammiade, CEO of Tindle, says: “With some of the most listened-to local radio stations anywhere in the British Isles, we have a strong history in providing content which engages listeners. That is why our investment is a natural extension for our company. We look forward to seeing Podcast Radio grow and make a real difference both in the UK and the international market.”

Podcast Radio has partnered with US based KMG Networks to distribute an American version to radio stations and groups in the US.

Podcast Radio director Paul Chantler says: “With KMG, we are close to announcing our first partnership with a US broadcaster which will see us launch in several radio markets in North America. Nation and Tindle are supporting us to do this and more in 2023.”

Gary Krantz, CEO of KMG Networks, says: “Podcast Radio has established itself as a leading innovator and forward-thinking company in the UK, providing a game-changing way for listeners to discover new podcasts while drastically increasing the content offerings to spoken word stations.

“We have several deals in place to establish Podcast Radio stations in the top 50 markets that we look forward to announcing in the coming months.

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