Latest Media News

Vinyl Group has expanded its media footprint through key acquisitions, boosting national audience reach and setting a clear path to profitability in FY27 with AI-driven Adaptive Media strategies.

oOh!media is progressing negotiations with three private equity groups offering between $1.60 and $1.65 per share for a potential change of control. The process remains uncertain with binding deals yet to be secured.

ARN Media is selling its Hong Kong out-of-home advertising business, Cody HK, to DFI Retail Group for HK$30.2 million, marking a strategic exit from non-core assets to sharpen focus on Australian operations.

Vinyl Group has completed its acquisition of Time Out Australia, securing exclusive rights to the brand and expanding its media reach across digital and events platforms.

ARN Media has resolved its Federal Court dispute with Kyle Sandilands through a $12.09 million settlement, ending a high-profile legal battle while maintaining a revenue share from Sandilands' new media venture.

oOh!media has received revised indicative takeover proposals around $1.60 per share from multiple bidders but cautions shareholders as no binding deal is assured.

Southern Cross Media Group trims FY26 revenue and EBITDA forecasts amid tougher TV advertising conditions, initiating a major cost reduction program targeting up to 300 job cuts and $150 million in annual savings.

Vinyl Group has acquired Time Out Australia from Time Out England for nominal consideration, boosting its digital audience reach to 55% of Australians and completing a $2.4 million placement to fund integration. The acquisition is expected to be earnings accretive in FY27, reinforcing Vinyl's position as a leading cultural media platform.

oOh!media is actively engaging with several financial sponsors, including Bain Capital, Pacific Equity Partners, and I Squared Capital, over potential change of control deals, having received conditional non-binding indicative offers.

Vinyl Group has acquired Pedestrian Group from Nine Digital for nominal consideration, adding a major youth media brand to its portfolio and boosting its pro forma EBITDA and audience reach.

oOh!media posts solid early 2026 revenue growth and launches a $12 million annual savings program, while exiting retail media and navigating takeover bids.

oOh!media has dismissed two non-binding takeover bids, including a fresh A$1.45 per share offer from I Squared Capital, while inviting revised proposals and pausing its share buyback.