Publisher Schwartz Media has sold its daily news podcast, 7am, to another independent, Solstice Media.
Commercial details of the deal for 7am, which has more than 900,000 monthly downloads, haven’t been revealed.
“In the six years since we launched 7am, it has grown to be Australia’s no. 1 news podcast,” said Schwartz Media’s chief executive and editor-in-chief, Erik Jensen.
“The sale will allow us to focus on the continued success of The Monthly and The Saturday Paper.”
Solstice Media is a digital news publisher with more than 50 staff. It owns The New Daily and InDaily in South Australia and Queensland and a number of magazines and lifestyle sites.
“We had been looking to add respected journalism projects to our product mix and audio was a logical next offering for our audience of over 1.5 million readers,” said Solstice Media’s managing director, Paul Hamra.
“7am is the right fit. We are excited to keep developing 7am into Australia’s leading daily news podcast.”
Solstice Media plans to formally take ownership of 7am from July 1, with the intention of continuing with its current team and format.
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