Latest Media News

oOh!media has sent shareholders the scheme booklet and voting materials for I Squared Capital’s proposed acquisition, moving the transaction into its decisive shareholder approval phase. The vote is scheduled for 2 November, with the board continuing to recommend the deal subject to key conditions.

oOh!media’s $1.68-per-share takeover by I Squared Capital has cleared another formal milestone, with the scheme booklet now registered by ASIC. The independent expert considers the offer fair and reasonable, but shareholders must still vote before the proposed 26 November implementation.

The Supreme Court of New South Wales has approved the shareholder meeting for I Squared Capital’s proposed acquisition of oOh!media at $1.68 per share. An independent expert says the offer falls within its assessed valuation range, but shareholders must still approve the scheme before completion.

The ACCC has determined that I Squared Capital's proposed acquisition of oOh!media may proceed by scheme of arrangement, removing a major regulatory condition. Approval from Australia's FIRB, New Zealand's OIO and oOh!'s shareholders is still required before completion.

Southern Cross Media Group has reshuffled its board leadership with Ryan Stokes stepping in as Non-Executive Chair as the company shifts focus to integration and performance following its merger with Seven West Media.

The WIN Group has increased its economic interest in Nine Entertainment (ASX:NEC) to 31.18% by acquiring 47 million shares on market, nudging its voting power closer to a quarter of the company.

oOh!media and I Squared Capital have revised the definition of 'Superior Proposal' in their takeover agreement, setting a 3% premium threshold for competing bids within a four-week window from the scheme date.

Sports Entertainment Group (ASX:SEG) posted a 39% revenue jump and 73% underlying EBITDA growth in FY26, offset by a 93% net profit decline due to tax and one-off impacts. The company is poised for growth with key acquisitions including MediaWorks NZ and the GIANTS Netball license.

Nine Entertainment Co. Holdings Limited posted a $511 million statutory net profit for FY26, driven by significant portfolio restructuring and growth in digital and outdoor advertising, while advancing AI licensing partnerships.

NZME delivered a notable turnaround in the first half of 2026, doubling operating profit and cutting net debt by $13.9 million, led by strong audio revenue and digital expansion despite a challenging economic backdrop.

ARN Media posted a $28.3 million net loss for the half-year to June 2026, hit by a $25 million impairment and legal settlements, while digital revenue grew and cost savings accelerated.

Motio Ltd (ASX:MXO) reported a solid FY26 with revenue rising to $9.2 million, a 31% jump in cash EBITDA to $2.5 million, and a net profit before tax of $1.7 million. The company enters FY27 debt free and with forward revenue up 28%, signalling operational leverage and growth potential.