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.
Nine Entertainment’s acquisition of QMS Media and sale of Nine Radio mark a strategic pivot, with strong Q3 digital and subscription revenue growth cushioning a cautious Q4 advertising environment.