iHeartMedia and SiriusXM hold early merger talks advised by Azoff and Apollo

15 articles · Updated · Variety · Apr 25

Irving Azoff and Apollo Global Management are advising on the potential merger, which would unite iHeart’s 250 million monthly listeners and SiriusXM’s 33 million subscribers.
The companies aim to gain scale and partner with artists as both terrestrial and satellite radio face declining influence amid streaming competition. Talks remain at an early stage with no guarantee of a deal.
Azoff is not acquiring either company but stands to benefit from involvement; antitrust scrutiny and industry consolidation are key considerations. SiriusXM’s earnings report is due April 30, and both companies declined comment.

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