Another radio company reported strong results from its podcasting division. On Monday Cumulus was the latest broadcaster to brag about how well podcasting is doing for the company.
CEO Mary Berner said the Westwood One Podcast Network is the fastest growing podcast network in the United States. Podcasting revenue grew 85% in the quarter for Cumulus and the company expects $25 million in podcasting revenue in 2019. Berner says the podcasting division has been profitable since day one. In 2016 Cumulus’ podcasting revenue was $100,000. In 2018 it grew to $12.5 million.
The Westwood One Podcast Network includes show from Ben Shapiro, Chris Jericho, Pat Mcafee, Dennis Miller and many others. In May Cumulus signed a partnership deal with Wondery and the company also recently moved all of it hosting over to Megaphone.