ARN Media

ARN Media Ltd.
FormerlyAustralian Radio Network
Here, There & Everywhere
APN News & Media
Company typePublic
ASX: A1N
IndustryOutdoor advertising
Radio
Broadcasting
Headquarters
100 William Street, Sydney
,
Australia
Number of locations
33 markets
Area served
Australia, Hong Kong
ServicesRadio:
KIIS Network
Pure Gold Network
ARN Regional
CADA
Digital media:
iHeartRadio
RevenueA$252.7m
A$54.6m
Websitewww.arn.com.au

ARN Media Ltd., formerly Here, There & Everywhere and APN News & Media, is an Australian media company. Divisions include broadcast radio and Out-of-home advertising.[1] The company previously had assets in New Zealand,[2] and previously owned Adshel, APN Outdoor and Gfinity eSports in Australia.[3][4] Its commercial radio stations include the Pure Gold, KIIS Network, CADA, ARN Regional and iHeartRadio brands.

The company operates the ARN News service in Australia, which uses international correspondents and source news stories from AAP in Australia, CNN from the United States and Sky News and Independent Radio News from the United Kingdom. ARN has newsrooms in Sydney, Melbourne, Canberra, Brisbane and Adelaide.

Originally ARN was a joint venture of APN News & Media and iHeartMedia (formerly Clear Channel). On 19 February 2014, it was reported that APN News & Media had agreed to purchase Clear Channel's 50% stake in the ARN.[5] As a result, ARN is now fully owned by ARN Media. The company continues to operate the Australian version of iHeartRadio.[6]

Until 2014, ARN also included New Zealand radio networks Newstalk ZB, Classic Hits FM, ZM, Radio Sport, Radio Hauraki, Easy Mix, Flava and Coast under umbrella company The Radio Network. These are now part of the New Zealand Media and Entertainment.

In August 2021, the company removed the words 'Australian Radio Network' from its name, now being known as simply ARN.[7] Three months later, in November 2021, Here, There & Everywhere, ARN's parent company, purchased Grant Broadcasters, who intend to integrate it with its own business by January 2022.[8][9][10] The deal was finalised on 4 January 2022.[11]

Having already acquired a 15% stake in Southern Cross Austereo (SCA) earlier in the year, in October 2023 ARN launched a takeover offer for SCA in partnership with Anchorage Capital Partners. To satisfy Australian Communications & Media Authority regulations that allow one party to only own two radio stations in one market, in capital cities ARN would add the Triple M network to the KIIS Network, while Anchorage Capital Partners would control the Hit and Pure Gold networks.[12][13]

In 2015, HT&E's two largest shareholders were the Australian fund manager Allan Gray Australia and News Corp Australia.[14] Irish company Independent News & Media and Denis O'Brien's Baycliffe held an approximately 30% stake in the company before selling it in March 2015.[15]

  1. ^ Cite error: The named reference htae-aug-2017 was invoked but never defined (see the help page).
  2. ^ Cite error: The named reference panpa-2011 was invoked but never defined (see the help page).
  3. ^ Cite error: The named reference annual-2017 was invoked but never defined (see the help page).
  4. ^ "Gfinity Esports Australia to cease operations in November". esportsinsider.com. Retrieved 25 May 2020.
  5. ^ "APN confirms ARN & TRN buyout". 18 February 2014. Retrieved 21 September 2014.
  6. ^ "iHeartRadio – ARN – Australian Radio Network". Retrieved 21 September 2014.
  7. ^ "The Australian Radio Network is no more, as company rebrands to just 'ARN'". Radio Today. 1 August 2021. Archived from the original on 1 August 2021. Retrieved 3 August 2021.
  8. ^ HTE buys Grand Broadcasters and will merge it with ARN network Mediaweek 12 November 2021
  9. ^ ARN's parent company acquires Grant Broadcasters Mumbrella 12 November 2021
  10. ^ HT&E to acquire Grant Broadcasters for $307.5m Archived 3 December 2021 at the Wayback Machine Lending Association 12 November 2021
  11. ^ Grant Broadcasters sale completed Radio Today Australia 5 January 2022
  12. ^ Notice of initial substantial holder ARN Media 21 June 2023
  13. ^ Non-binding Indicative Proposal to Acquire SCA ARN 18 October 2023
  14. ^ Cite error: The named reference Investor Relations - APN was invoked but never defined (see the help page).
  15. ^ Cite error: The named reference nbr-2015 was invoked but never defined (see the help page).