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

By Jem Aswad

Jem Aswad

Executive Editor, Music

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IHeartMedia and SiriusXM are in early talks to join forces, with veteran music industry mogul Irving Azoff and Apollo Global Management offering to help with any such deal, sources tell Variety.

News of the potential merger was first reported by Bloomberg, however, a source stated that any reports of financial problems at iHeart are untrue, and also that the companies are looking at a merger, not the sale of one to the other.

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