SiriusXM, an audio entertainment company, completed the acquisition of Stitcher, an on-demand Internet radio service that focuses on news and information radio and podcasts, from The E.W. Scripps, an American broadcasting company, for $325m. "With Stitcher, we will expand our digital audio advertising presence and look to generate new ways for creators to find and connect with their audiences. Stitcher has a talented team with deep experience in the podcast space, and we look forward to working with them to better meet the needs of creators, advertisers, and listeners," Jim Meyer, SiriusXM CEO.