Growing United Kingdom-based audio network Podcast Radio has attracted a second broadcast investor in the space of a year as it expands its operations to the United States. Tindle Media Group is taking a 10% interest, which follows a 10% investment in the company from Nation Broadcasting in March 2022.
Tindle owns and operates four radio stations in the U.K. and Republic of Ireland, including Channel 103 in Jersey, Island FM in Guernsey, Soleil Radio across the Channel Islands and Midlands 103 in Ireland.
Gerry Edwards, founder and CEO of Podcast Radio, says: “We’re pleased to have two very well-established commercial radio groups support our exciting plans to grow internationally. Both Nation and Tindle have shown great faith in Podcast Radio and we want to draw on their operational and commercial experience as we expand.”
Podcast Radio has also partnered with U.S.-based KMG Networks to distribute an American version to radio stations and groups in the U.S, and the company says it is close to announcing its first partnership with a U.S. broadcaster.
“With some of the most listened-to local radio stations anywhere in the British Isles, we have a strong history in providing content which engages listeners,” says Danny Cammiade, CEO of Tindle. “That is why our investment is a natural extension for our company. We look forward to seeing Podcast Radio grow and make a real difference both in the UK and the international market.”
Launching just three years ago, Podcast Radio combines live presenters, news updates and charts to provide a source of podcast inspiration to listeners, 24 hours a day. At the 2022 NAB Show New York conference last October, the company announced new ideas for presenting podcast content on radio and is currently developing a short-form audio platform alongside its streaming channels for Business, Crime and Comedy.