LiveOne will capitalize on the booming podcast industry by spinning off its PodcastOne business as a standalone entity through a dividend to shareholders as of August 28, the company announced Thursday. PodcastOne shares were approved for listing on the Nasdaq exchange on Monday (Aug. 14) and will begin trading under the “PODC” symbol on Sept. 8. LiveOne, which also owns the music streaming platform Slacker Radio, will issue a dividend of about 19% of PodcastOne shares to its shareholders and retain the remaining roughly 81% of the outstanding shares. LiveOne CEO Robert Ellin said he expects PodcastOne stock will be
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