Solstice Media, the publisher of InDaily, announced this week it has entered into a heads of agreement to buy the daily news podcast, 7am, from Schwartz Media.
The sale comes as 7am celebrates significant year-on-year growth and after again winning Best News and Current Affairs Podcast at the Australian Podcast Awards.
Since its launch in 2019, 7am has frequently been Australia’s no. 1 news podcast. It is currently ranked no. 18 across all podcasts in Australia, with more than 900,000 monthly downloads.
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Schwartz Media’s chief executive and editor-in-chief, Erik Jensen, said that “in the six years since it was launched, 7am has set the standard for audio journalism, telling stories with depth and sensitivity”.
Solstice Media’s managing director, Paul Hamra, said: “We had been looking to add respected journalism projects to our content mix and audio was a logical next offering for our audience of over 1.5 million readers around Australia.”
Solstice Media is a digital news publisher with more than 50 staff around the country. It owns The New Daily and InDaily in South Australia and Queensland, and magazines including SALIFE.
Solstice Media plans to formally take ownership of 7am from July 1, with the intention of continuing with its current format, while Nova Entertainment will continue its exclusive representation of 7am for advertising sales.
