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iHeart’s Pittman knocks rivals’ big podcast talent spending

Axios’s Kerry Flynn and Christine Wang report that iHeartMedia CEO Bob Pittman called out “exuberance” in podcast talent deals, pointing to rivals paying more than shows can earn back.

Why it matters. Podcast talent now has leverage to shop blockbuster deals elsewhere, since iHeartMedia says it will let rivals absorb unprofitable contracts.

Signal from axios.com · Kerry Flynn, Christine Wang · read the original.

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