Audacy Shuttering Pineapple Street Studios
Numerous news outlets, including Variety, Bloomberg and Podnews.net, are reporting that Audacy is closing podcast production house Pineapple Street Studios. Pineapple Street was acquired by then-Entercom in
2019 for $18 million as the podcast industry was really taking off in terms of listenership. Podnews.net notes, “Audacy shut Cadence13 (a $50mn purchase) in March 2024, and rebranded Podcorn ($22.5mn) as Audacy Creator Lab in April this year.” An Audacy spokesperson says in a statement, “This difficult decision aligns our resources with our core strengths and the most promising growth areas for our podcasting business. We’re sorry to say goodbye to talented colleagues and are grateful for their contributions.”