Latest Media News

Vinyl Group lifted its Q3 cash receipts by 24% to $4 million despite seasonal softness and completed the $10.5 million acquisition of Val Morgan Digital, expanding its digital audience to rival major Australian media players. The company now targets an EBITDA positive run-rate in the first half of FY27 amid leadership changes and strategic realignment.

Vinyl Group has completed its $10.5 million acquisition of Val Morgan Digital, boosting its digital media revenue by 73% and audience reach to rival Australia's largest media players. The deal also brings HOYTS CEO Damian Keogh onto Vinyl’s board, signalling a strategic pivot towards integrated media offerings.

ARN Media is confronting a substantial legal claim from former contractor Jacqueline Henderson, who alleges adverse action and bullying following her contract termination. The case also challenges previous ASX disclosures, with compensation sought exceeding $82 million.

Vinyl Group has locked in a $10 million unsecured loan from its Non-Executive Chairman to fund the acquisition of Val Morgan Digital and support working capital needs.

News Corporation has updated its dividend details, confirming an ordinary unfranked dividend of USD 0.10 per share for the six months ending December 2025, payable in April 2026.

ARN Media faces a legal challenge from Kyle Sandilands and his companies, disputing the termination of his contract with KIIS 1065 Sydney. The case, filed in the Federal Court, raises questions about misconduct claims and contractual obligations.

ARN Media has terminated its contract with Kyle Sandilands and Quasar Media following serious misconduct during a February broadcast, ending the Kyle and Jackie O show.

ARN Media has terminated Jacqueline Henderson's contract following her refusal to work with Kyle Sandilands, who is suspended amid serious misconduct allegations. The future of the Kyle and Jackie O show hangs in the balance.

Vinyl Group has announced the acquisition of Val Morgan Digital for $10.5 million, significantly expanding its digital media assets and audience reach. This move positions Vinyl as a leading player in Australia’s Adaptive Media landscape with promising financial prospects.

ARN Media Limited reported a 10% revenue decline in FY25 alongside a strategic reset focusing on digital transformation and cost savings. Leadership changes and improved cash flow underpin the company’s pivot to a digitally driven entertainment model.

NZME Limited has reported a significant turnaround in 2025, posting a statutory net profit after tax of NZD 13.1 million and a 15% increase in operating EBITDA, underpinned by strong digital revenue growth across its divisions.

Southern Cross Media Group announces a significant reshuffle in its executive leadership following its recent merger, with CEO Jeff Howard stepping down and a global search underway for his successor.