iHeartRadio and SiriusXM in Early Merger Talks, With Irving Azoff and Apollo Advising

IHeartMedia and SiriusXM are in early talks to join forces, with Irving Azoff and Apollo Global Management offering assistance and advice. A potential merger would unite the largest terrestrial radio network and the largest satellite radio network, creating an audio powerhouse. The companies aim to provide greater scale and partner with artists to create platforms, with talks in very early stages and no guarantee of a deal.