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Illustration: Eniola Odetunde/Axios

Libsyn, the publicly traded podcast hosting company, is acquiring Glow, a podcast monetization platform.

The big picture: It’s the latest in a long list of recent podcast roll-ups. The industry is consolidating as podcasting becomes more popular.

Details: The deal will help the creators of the 75,000+ podcasts that Libsyn hosts tap into more subscription revenue.

  • Glow’s membership technology includes subscription billing and private feeds.
  • Libsyn said in a statement it will integrate Glow as part of its hosting and monetization platform, so that podcasters can access a hosting platform, analytics and measurement, and monetization (both subscription and ads) all in one place.
  • The Glow payment system will also allow podcasters to receive donations from listeners, a revenue stream that's becoming more popular as the creator economy booms.
  • The deal doesn't include Refer-O-Matic, a Glow product that helps podcasts grow their audiences.

Be smart: Libsyn is rarely mentioned alongside music streaming giants like Spotify or iHeartMedia, in part because it's so specialized. It's one of the few pure-play podcasting companies that's publicly traded, and to date has invested more in building out podcast infrastructure than acquiring splashy exclusive shows.

  • Libsyn agreed to acquire podcast advertising company Advertisecast last month. It acquired Auxbus, a podcast creation platform, in February.

Go deeper

30 mins ago - Health

Biden reaches agreements with Uber and Lyft to give free rides to vaccine sites

A coronavirus vaccination site in Miami on May 10. Photo: Joe Raedle/Getty Images

The Biden administration has reached agreements with ride-sharing companies Uber and Lyft to offer free rides to coronavirus vaccination sites through July 4, the White House announced Tuesday.

Why it matters: The free rides, starting in the next two weeks, are part of the Biden administration's push to administer at least one vaccine dose to 70% of U.S. adults by Independence Day.

Ben Geman, author of Generate
40 mins ago - Energy & Environment

Biden officials green-light nation's first big offshore wind project

Illustration: Aïda Amer/Axios. Photo by Brendan Smialowski/AFP via Getty Images

The Biden administration today gave final approval to Vineyard Wind, a project off the Massachusetts coast slated to be the country's first large-scale offshore wind farm.

Why it matters: While the green-light for the long-proposed projected was expected, it marks a key step in White House plans to help spur development of a suite of coastal projects off New York, New Jersey and other states.

Global temperatures are cooler in 2021 than other recent years

Data: NASA; Chart: Andrew Witherspoon/Axios

With a moderate La Niña event in the tropical Pacific Ocean, global temperatures in 2021 are running decidedly cooler when compared to recent years.

Why it matters: The lack of a new warmest year record in 2021 could sap some of the sense of urgency among policymakers in the U.S. and abroad during a critical year for enacting stricter emissions cuts to meet the Paris Agreement's targets.

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