ARN Media explained

ARN Media Ltd.
Former Name:Australian Radio Network
Here, There & Everywhere
APN News & Media
Type:Public
Location City:100 William Street, Sydney
Location Country:Australia
Locations:33 markets
Area Served:Australia, Hong Kong
Industry:Outdoor advertising
Radio
Broadcasting
Services:Radio:
KIIS Network
Pure Gold Network
ARN Regional
CADA
Digital media:
iHeartRadio
Revenue:A$252.7m
Net Income:A$54.6m

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. The company previously had assets in New Zealand, and previously owned Adshel, APN Outdoor and Gfinity eSports in Australia.[1] 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.[2] As a result, ARN is now fully owned by ARN Media. The company continues to operate the Australian version of iHeartRadio.[3]

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.[4] 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.[5] [6] [7] The deal was finalised on 4 January 2022.[8]

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.[9] [10]

In 2015, HT&E's two largest shareholders were the Australian fund manager Allan Gray Australia and News Corp Australia. 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.

History

Here, There & Everywhere had its origins in Provincial Newspapers (PN), a listed company that published regional newspapers in New South Wales and Queensland. The Herald & Weekly Times, which owned a significant proportion of PNQ, was taken over by News Limited in 1987. To comply with an order of the Trade Practices Commission, News Limited was required to sell its PN shares. The 48% stake in PN was acquired in 1988 by interests associated with the family of Tony O'Reilly, the principal shareholder of Independent Newspapers of Ireland.

The company was renamed Australian Provincial Newspapers Holdings and listed again on the Australian Securities Exchange in 1992 following a public share issue, and in 1998 the name was changed to APN News & Media.

In 2001, HT&E acquired 25% of Soprano Design. Later going on to acquire steaks in Conversant Media and Unbnd Group. These acquisitions have been listed every year in their financial reports. Soprano Design was valued at over A$500 million in November 2019, giving HT&E over A$125m in equity.[11] Following Soprano's acquisition of SilverStreet Intl in December 2020, Analysts have stated that Soprano Design could be worth upward of $1 billion.

In June 2016, the company completed the demerger of its New Zealand radio and publishing business, New Zealand Media and Entertainment.[12] However, the company maintained a presence in New Zealand via its outdoor advertising business, Adshel NZ.[13] Also in 2016, the company announced it would sell its regional newspaper division, Australian Regional Media, to News Corp Australia for $36.6 million.[14] The deal was reviewed but not opposed by the Australian Competition & Consumer Commission.[15] The sale of ARM, encompassing APN's remaining newspaper assets, was completed in December 2016.[16]

APN News & Media Limited changed its name to HT&E Limited in May 2017, changing its ASX Listing Code to HT1.[17]

In June 2018, oOh!media purchased street furniture business Adshel for A$570 million from HT&E, in a competitive bidding war against rival (and former HT&E subsidiary) APN Outdoor.[18] [19]

In January 2023, the company sold its 25% stake in communications firm Soprano.[20] In May 2023, Here, There & Everywhere was renamed ARN Media.[21] [22] In June 2023, ARN acquired a 15% shareholding in major competitor Southern Cross Austereo. 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 own the KIIS and Triple M networks, while Anchorage Capital Partners would control the Hit and Pure Gold networks.[23] [24] The deal collapsed after Anchorage withdrew.[25]

Assets

ARN operates 58 radio stations, targeting the 25-to-54-year-old demographic. These stations include

KIIS Network

See main article: KIIS Network. A vibrant network alive with influential personalities who energise, engage and excite, immersing audiences in the best music their city has to offer.

Callsign Frequency Branding Location Format Notes
106.3 MHz FM
107.1 MHz FM (repeater)0
Canberra, Australian Capital Territory Joint venture with Southern Cross Austereo
Formerly Kix 106
Sydney, New South Wales Formerly 2UW and Mix 106.5
Melbourne, Victoria Formerly 3DB, 3TT, TTFM and Mix 101.1
0Brisbane, Queensland Joint venture with Nova Entertainment
Formerly 97.3FM
102.3 MHz FM
096.7 MHz FM (repeater)
Adelaide, South Australia Formerly 5DN, Radio 102FM and 5AD FM
0Perth, Western Australia Formerly Triple M

Pure Gold Network

See main article: Pure Gold Network. An iconic network making audiences feel young, positive and full of life, immersing listeners with the Pure Gold hits they know and love.

Callsign Frequency Branding Location Format Notes
101.7 MHz FM
088.3 MHz FM
0
Sydney, New South Wales Formerly 2WS
Melbourne, Victoria Formerly 3KZ and KZFM
Adelaide, South Australia Formerly 5AD, Radio 1323 and SEN 1323

Other stations

Callsign Frequency Branding Location Format Notes
0Formerly 2KA, OneFM and The Edge 96.ONE
Canberra, Australian Capital Territory Joint venture with Southern Cross Austereo
Perth, Western Australia Joint venture with Nova Entertainment

Digital radio

ARN also broadcasts a number of digital only radio stations.[26]

Branding Frequency Location Format Notes
DAB+ block 9B (VHF, Sydney and Melbourne)

DAB+ block 9A (VHF, Brisbane and Adelaide)
Sydney, New South Wales
Melbourne, Victoria
Brisbane, Queensland
Adelaide, South Australia
The '80s DAB+ block 9B (VHF, Sydney and Melbourne)

DAB+ block 9A (VHF, Brisbane and Adelaide)
Sydney, New South Wales
Melbourne, Victoria
Brisbane, Queensland
Adelaide, South Australia
WSFM 80s Sydney
Gold 80s Melbourne
KIIS 80s Brisbane
Mix 80s Adelaide96FM 80s Perth
The '90s DAB+ block 9B (VHF, Sydney and Melbourne)

DAB+ block 9A (VHF, Brisbane and Adelaide)
Sydney, New South Wales
Melbourne, Victoria
Brisbane, Queensland
Adelaide, South Australia
KIIS 90s Sydney
KIIS 90s Melbourne
KIIS 90s Brisbane
Mix 90s Adelaide
DAB+ block 9B (VHF, Sydney and Melbourne)

DAB+ block 9A (VHF, Brisbane and Adelaide)
Sydney, New South Wales
Melbourne, Victoria
Brisbane, Queensland
Adelaide, South Australia

Former stations

Branding Frequency Location Format Notes
4BH Brisbane, Queensland Sold to Nova Entertainment in 2002[27]
Brisbane, Queensland Sold to Sports Entertainment Network in 2022
PureCountry Online streaming Closed in 2009
KseraRadio.com Online streaming Closed
Classic Hits Live DAB+ block 9B (VHF, Sydney and Melbourne)

DAB+ block 9A (VHF, Brisbane and Adelaide)
Sydney, New South Wales
Melbourne, Victoria
Brisbane, Queensland
Adelaide, South Australia
Replaced by Pure Gold '80s in 2010
Classic Hits Plus DAB+ block 9B (VHF, Sydney and Melbourne)

DAB+ block 9A (VHF, Brisbane and Adelaide)
Sydney, New South Wales
Melbourne, Victoria
Brisbane, Queensland
Adelaide, South Australia
Replaced by Pure Gold '90s in 2010

Outdoor/Advertising

Bibliography

External links

Notes and References

  1. Web site: Gfinity Esports Australia to cease operations in November. esportsinsider.com. 25 May 2020.
  2. Web site: APN confirms ARN & TRN buyout. 21 September 2014.
  3. Web site: iHeartRadio – ARN – Australian Radio Network. 21 September 2014.
  4. Web site: 1 August 2021. The Australian Radio Network is no more, as company rebrands to just 'ARN'. live. 3 August 2021. Radio Today. en-AU. https://web.archive.org/web/20210801225026/https://www.radiotoday.com.au/australian-radio-network-rebrand-arn/ . 1 August 2021 .
  5. https://web.archive.org/web/20211112182334/https://www.mediaweek.com.au/hte-buys-grant-broadcasters-and-will-merge-it-with-arn-network/ HTE buys Grand Broadcasters and will merge it with ARN network
  6. https://web.archive.org/web/20211111235326/https://mumbrella.com.au/arns-parent-company-acquires-grant-broadcasters-712939 ARN's parent company acquires Grant Broadcasters
  7. https://lendingassociation.com.au/hte-to-acquire-grand-broadcasters-for-307-5m/ HT&E to acquire Grant Broadcasters for $307.5m
  8. https://www.radiotoday.com.au/grant-broadcasters-sale-completed/ Grant Broadcasters sale completed
  9. https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02678290-3A620374?access_token=83ff96335c2d45a094df02a206a39ff4 Notice of initial substantial holder
  10. https://web.archive.org/web/20231020101751/https://announcements.asx.com.au/asxpdf/20231018/pdf/05w5wzqvqydcl6.pdf Non-binding Indicative Proposal to Acquire SCA
  11. Web site: 15 February 2018 . HT&E 2017 Annual Report . ASX . live. https://web.archive.org/web/20180321090049/https://www.asx.com.au/asxpdf/20180215/pdf/43rlf5jbbh6fdz.pdf . 21 March 2018.
  12. https://www.asx.com.au/asxpdf/20160629/pdf/438694rdy80fcb.pdf NZME Demerger Implemented
  13. https://www.asx.com.au/asxpdf/20161128/pdf/43d7w2ms776cdv.pdf APN Retains Ownership of Adshel NZ
  14. Web site: APN chairman lauds 'milestone' $36.6m News deal. NewsMediaWorks. 10 November 2016. live. https://web.archive.org/web/20161110113148/http://www.newsmediaworks.com.au/news-snaps-up-70-papers-for-36m/. 10 November 2016. dmy-all.
  15. https://www.accc.gov.au/media-release/accc-will-not-oppose-news-corporation’s-proposed-acquisition-of-apn’s-australian-regional-media-division-–-arm ACCC will not oppose News Corporation's proposed acquisition of APN's Regional Media Division
  16. https://www.asx.com.au/asxpdf/20161228/pdf/43f0zlynxfm9sx.pdf APN Completes Sale of ARM
  17. https://www.asx.com.au/asxpdf/20170505/pdf/43j28vn0k7lzm5.pdf Change of Company Name and ASX Listing Code
  18. Web site: Ooh Media to purchase HT&E's Adshel for $570 million. Vivienne. Kelly. 23 June 2018. Mumbrella. 23 June 2018. https://web.archive.org/web/20180623061414/https://mumbrella.com.au/ooh-media-to-purchase-htes-adshel-for-570-million-525148. 23 June 2018. live. dmy-all.
  19. Web site: Adshel NZ sale confirmed. 3 October 2018. M+AD! - NZ Media & Advertising News Daily. 20 October 2018.
  20. https://radiotoday.com.au/hte-sells-its-stake-in-communications-technology-company-soprano/ HTE sells its stake in communications technology company Soprano
  21. https://announcements.asx.com.au/asxpdf/20230518/pdf/05pth94hmjg5q1.pdf Change of company name and ticker code
  22. https://mumbrella.com.au/hte-rebrands-to-arn-media-following-shareholder-vote-787584 HT&E rebrands to ARN Media following shareholder vote
  23. Web site: 21 June 2023 . Notice of initial substantial holder . 21 October 2023 . ARN Media.
  24. Web site: 18 October 2023 . Non-binding Indicative Proposal to Acquire SCA . live . https://web.archive.org/web/20231020101751/https://announcements.asx.com.au/asxpdf/20231018/pdf/05w5wzqvqydcl6.pdf . 20 October 2023 . 21 October 2023 . ARN Media.
  25. https://www.afr.com/companies/media-and-marketing/arn-throws-hail-mary-to-revive-collapsed-radio-merger-20240513-p5jd2t ARN throws a Hail Mary to revive collapsed radio merger
  26. http://www.arn.com.au/brands/digital-radio/ ARN Digital-radio
  27. News: Marriner. Cosima. FM partner buys 4BH from ARN. 2 December 2015. Sydney Morning Herald. Fairfax Media. 25 January 2002.
  28. Web site: About Us. cody.com.hk. 25 May 2020.
  29. Web site: Home - Emotive. emotive.com.au. 25 May 2020.