Latest Media News

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.

ARN Media reported a 10% revenue decline in FY25 but accelerated digital growth and cost savings, while defending ongoing legal disputes with former talent.

Pacific Equity Partners has tabled a non-binding offer to acquire oOh!media for A$1.40 per share via a scheme of arrangement, triggering a strategic review by the board amid regulatory hurdles and due diligence conditions.