Latest Media And Advertising News

Airtasker has expanded its US partnership with iHeartMedia, securing an additional US$5 million in media resources and a A$10 million equity investment to accelerate its growth in the American market.

Airtasker Limited has announced a $10 million equity capital raise to accelerate marketing efforts in the UK and US, following a strong first quarter with group revenue up 20.5% year-on-year. Strategic partnerships, including a cornerstone investment from iHeartMedia, underpin its international growth ambitions.

Airtasker has raised $10 million in a strategic equity placement led by iHeartMedia, aiming to accelerate its growth in the US and UK markets through targeted marketing and expanded media partnerships.

The ACCC has decided not to oppose Southern Cross Media’s proposed acquisition of Seven West Media, finding limited competition concerns amid evolving digital media landscapes.

ARN Media reports a challenging second half of FY 2025 with a 10% revenue decline and expects EBITDA to fall 25%-27%, while advancing a $40 million cost reduction program and repositioning as an entertainment business.

Seven West Media reports a 6% EBITDA rise in H2 FY25 driven by TV and digital growth, while announcing a transformative merger with Southern Cross Media.

JAYRIDE Group Limited has partnered with Xoomplay to integrate in-vehicle media and advertising into its SaaS platform, aiming to transform vehicles into dynamic media assets across Southeast Asia and Australasia.

Gumtree Australia Markets Limited has partnered with Australian Community Media to integrate automotive content, cross-list marketplace listings, and offer combined advertising solutions to a shared audience of 7.1 million Australians monthly.

Seven West Media reported a 6% decline in total TV advertising revenue for the half-year ending December 2024 but achieved record digital audience growth and increased its TV revenue share to 41.5%. The company’s strategic investments in digital platforms and cost management signal a pivot towards a more resilient media business.