We highly recommend you get reliable web hosting so you can have a website home for your podcast. But don't host your podcast media here (see “Best Media Hosting for Podcasting“).
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SiteGround for managed shared web-hosting
I’ve been impressed with the performance and features of SiteGround’s hosting service. Their servers are nicely designed for WordPress—all plans are hosted on lightweight Linux containers with SSD and the latest software trends like NGINX, PHP7 and HTTP/2. They even have their own WordPress caching plugin, which gave excellent results and fast load times.
For scalability, SiteGround’s cloud plans allow automatic resource scaling, without causing downtime. This is great if you experience traffic spikes and don’t want to compromise with your website’s performance.
SiteGround is not owned by EIG, so you won't see the bargain pricing and poor reliability like you see with other providers (such as BlueHost or HostGator), but I think you'll get much better service!
(SiteGround also offers VPS-level cloud hosting.)
Liquid Web for high-performance managed WordPress hosting
We've tested a lot of managed WordPress providers and found Liquid web to be the all-around best! They provide fantastic performance, server security and provide iThemes Security Pro, daily backups, fantastic 24/7 support, staging sites, iThemes Sync Pro, automatic plugin updates with visual change detection, and all at the best price for everything you get! In other words, the do a lot so you can focus more on your content and less on your website.
We've used Liquid Web for our own WordPress websites before and have always been pleased with the performance and service!
PLUS, we've partnered with Liquid Web to give you 35% off your first three months of any plan with coupon code “AUDACITY” when you sign up.