Latest Media News

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.

News Corporation reported a 9% revenue increase to $2.185 billion in Q3 FY2026, driven by growth across its media and real estate segments, but net income attributable to stockholders declined 14% amid rising costs and restructuring.

Motio Ltd has marked a turning point with its first net profit, record sales activity, and a 13% increase in forward revenue, signaling a shift to scalable growth.

News Corporation posted a solid third quarter with revenues climbing 9% to $2.19 billion and net income from continuing operations up 13% to $121 million, driven by robust performances in Digital Real Estate Services, Dow Jones, and Book Publishing.