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Stock impact report

SiriusXM and iHeartMedia might be the next media leviathans to absorb each other [Yahoo! Finance]

Clear Channel Outdoor Holdings, Inc. (CCO) 
Company Research Source: Yahoo! Finance
big pile of the silvery stuff, dumped out of a broken thermometer and onto your kitchen table. Which is to say, they're possessed of an unstoppable inclination to flow together into an even bigger, more toxic blob, regardless of who they have to drive crazy in the process. This little musing brought to you today by news— courtesy of The Hollywood Reporter —that radio giants SiriusXM and iHeartMedia might be poking around at the idea of merging into one giant “you're trapped in your car and you've got to listen to something ” company. Nobody involved is going on the record, but THR quotes sources suggesting the two companies (which, between them, are the largest satellite and broadcast radio companies in the country) might be interested in making a deal, with big-money names like Irving “former CEO of Ticketmaster” Azoff and Apollo “Almost bought Paramount” Global Management in the mix to facilitate a sale. If it happened, this wouldn't be the first time that Sirius and iHeartMedia Show less Read more
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