Industry News

APM Names Adams Host of “Marketplace Morning Report”

American Public Media announces that Kimberly Adams is being promoted to host of the flagship weekday morning program, “Marketplace Morning Report.” Adams has been serving as senior Washington correspondent and host of the podcast, “Make Me Smart.” Marketplimgace VP and general manager Neal Scarbrough says, “We are thrilled about this next chapter for the ‘Morning Report,’ and our audience should be too. Kimberly has distinguished herself as a ground-breaking, multiplatform correspondent and host who has built an unwavering connection with our audience. Beyond her diligent reporting, listeners have embraced Kimberly’s leadership and versatility as the host of ‘Call to Mind,’ ‘Marketplace Tech,’ and ‘Make Me Smart.’ This is an exciting time for the millions of listeners who start their day with the ‘Marketplace Morning Report.’”

Industry News

Report: Audacy and APM End Podcast Deal a Year Early

According to a report by Amrita Khalid in The Verge, Audacy and American Public Media have agreed to end their podcasting partnership a year early, on August 31. The deal between Audacy’s Cadence13 and APM wasim inked in 2021 and included Cadence13 and APM developing and producing new shows and made Audacy the exclusive podcast sales rep for APM. The piece further notes that Audacy CEO David Field referenced the deal during his Q2 2023 earnings commentary saying, “In June, we successfully negotiated an early exit to an onerous Podcast ad representation contract, which resulted in a restructuring charge of $5.9 million in the quarter and the accelerated recognition of $4.5 million of prepaid content expense. We believe exiting this agreement will have a positive impact on our podcast margins, without materially impacting our future podcast revenue growth opportunity.” Read The Verge story here.