The Podcast Exchange Inc. (“TPX”), a Toronto-based podcast advertising reseller, filed an NOI on July 7 listing nearly $1 million in liabilities.

TPX was founded in 2017 as a pioneer in the Canadian podcast advertising space. In April of this year, it became the exclusive third-party advertising reseller for BBC podcasts in Canada, and also boasted partnerships with the likes of Stingray, iHeartMedia, CBC and others.

CEO Pary Bell, who joined the company in February 2024, said shifting advertiser demand, pricing pressures, increased competition, and the expansion of large global companies into the Canadian market had impacted the company.

TDB Restructuring is the proposal trustee.