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Deezer sells Stitcher less than two years after purchasing it
Podcast app/directory Stitcher is changing hands again, as this time Deezer is selling it to the E.W. Scripps company. That comes just 591 days after Deezer bought Stitcher in the first place, seeking to pair podcasts with its music library and a few months after the podcast app suffered a prolonged outage. According to Scripps, Stitcher has 8.5 million registered users and is installed on 50 models of cars, however it did not reveal how many of those users are active. Apparently it's enough to justify a $4.5 million purchase price a Wall Street Journal source described as a small acquihire, and the Stitcher team will join Midroll Media, a podcast producer and advertising network.
