Spotify recently signed podcasting deals with Kim Kardashian West and Joe Rogan. And Spotify made several acquisitions over the last couple of years to build out its podcasting operations including Anchor (for $140 million), Gimlet Media (for $200 million), Parcast, and The Ringer. Key Quotes: "This sale is consistent with Scripps' track record of growing businesses that capitalize on the evolution of consumers' media habits and then unlocking shareholder value through spinoffs, exits and continued organic growth. Over and over, this strategy has proven effective as well as profitable for the company and its shareholders. "We are firmly committed to our national businesses and are enthusiastic about the opportunities we see ahead in digital audio, over the top and over the air television." — Scripps President and CEO Adam Symson "The addition of Stitcher is an important next step as we continue to develop and strengthen our offering in the fast-growing podcasting market.