Liberated Syndication Inc Stock Price, News & Analysis

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.

Liberated Syndication Inc. (OTC:LSYN) has announced the acquisition of Glow, a podcast monetization platform enabling podcasters to create membership programs and generate listener-supported revenue. This integration will enhance Libsyn's services for over 75,000 podcasts, allowing podcasters to charge for premium content, accept secure payments, and receive listener donations. Libsyn aims to empower podcasters and strengthen monetization efforts, with new offerings expected in the coming months. Glow's existing customers can continue to utilize its services regardless of their hosting platform.

Liberated Syndication (OTCQB:LSYN) has announced a definitive agreement to acquire AdvertiseCast, a leading podcast advertising company, for up to $30 million. The transaction includes $18 million in cash, $10 million in newly issued shares, and a $2 million earn-out. This acquisition aims to enhance revenue opportunities for Libsyn's 75,000 podcast creators. AdvertiseCast's self-serve marketplace has seen rapid growth, generating approximately $12 million in revenue in 2020, up 45% year-over-year. Libsyn has secured $25 million in funding to facilitate this acquisition.

Liberated Syndication Inc. (OTCQB:LSYN) announced a partnership with Samsung to integrate podcasts into the Samsung Free application under the 'Listen' tab. This feature will be available starting today for compatible Galaxy devices such as S21, S20, Note20, S10, and Note10 in the U.S. Libsyn's over 75,000 podcasters can add their shows, enhancing visibility and audience reach. With podcast listeners expected to exceed 160 million in the U.S. by 2023, this partnership aims to capitalize on the growing popularity of podcasts.

Liberated Syndication (OTCQB:LSYN) appointed Douglas Woodrum to its Board of Directors, effective March 16, 2021. Woodrum, with extensive financial and media industry experience, brings a wealth of expertise, including roles as CFO at CNET Networks and ChinaCast Education. His appointment is expected to bolster the company's financial oversight and support growth strategies. Libsyn, a leader in podcast hosting since 2004, reported over 6.2 billion downloads in 2019 and hosts more than 75,000 podcasts, indicating strong market presence.

Liberated Syndication Inc. (OTCQB:LSYN) has announced its acquisition of Auxbus, a podcast-creation software platform, although the financial details remain undisclosed. Auxbus aims to simplify podcast creation for users of all skill levels through its proprietary technology, enabling quick production of professional-quality content. The platform offers a range of features, such as recording tools, automatic episode assembly, and sound leveling. The acquisition is expected to enhance Libsyn’s offerings and facilitate integration of Auxbus’s capabilities into its services, further supporting podcasters.

Liberated Syndication Inc. (OTCQB:LSYN) announced the continuation of its popular Libsyn Webinar Series for 2021, following a successful run in 2020. The series will include monthly webinars aimed at podcasters, covering topics such as equipment, promotion, and monetization. The first webinar on January 28 features Laura Davidson from Shure Sound discussing microphone options. Libsyn reports a significant increase in actual attendance compared to last year, reflecting growing engagement within the podcasting community. The webinars are free and accessible via Libsyn's website.

Liberated Syndication Inc. (OTCQB:LSYN) has announced that President Laurie Sims and CFO Richard Heyse will present at NobleCon17 on January 20 at 3:45 PM EST. Investors can access the free webcast via www.noblecon17.com. Libsyn, a leading podcast hosting platform since 2004, boasts over 6.2 billion downloads in 2019 and hosts more than 75,000 podcasts. The company also owns Pair Networks, providing reliable web hosting services. More information is available at www.libsyn.com.