It’s been a big week for podcast deals! I look forward to sleeping it off this weekend.

Why did SiriusXM give SmartLess a $100 million deal? Look at its subscriber losses.

It’s been a massive week for podcast deals, including SiriusXM signing SmartLess away from Amazon’s Wondery for more than $100 million. The news broke soon before SiriusXM released its annual earnings for 2023 in which the company reported a drop of 430,000 subscribers over the course of 2023 (despite how allegedly difficult it is to cancel a subscription).