ARN Media

ARN Media, 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]

ARN Media
FormerlyHere, There & Everywhere
APN News & Media
TypePublic
ASX: A1N
IndustryOutdoor advertising
Radio
Headquarters
100 William Street, Sydney
,
Australia
Area served
Australia, Hong Kong
RevenueA$252.7m
A$54.6m
SubsidiariesARN
CODY OOH
Emotive
Websitewww.arn.com.au

In 2015, HT&E's two largest shareholders were the Australian fund manager Allan Gray Australia and News Corp Australia.[5] 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.[6]

History
Former Here, There & Everywhere logo
APN News & Media logo 1998–2017

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.[7]

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.[8]

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.[3] 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.[9] However, the company maintained a presence in New Zealand via its outdoor advertising business, Adshel NZ.[10] Also in 2016, the company announced it would sell its regional newspaper division, Australian Regional Media, to News Corp Australia for $36.6 million.[11] The deal was reviewed but not opposed by the Australian Competition & Consumer Commission.[12] The sale of ARM, encompassing APN's remaining newspaper assets, was completed in December 2016.[13]

APN News & Media Limited changed its name to HT&E Limited in May 2017, changing its ASX Listing Code to HT1.[14]

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.[15][16]

In January 2023, the company sold its 25% stake in communications firm Soprano.[17] In May 2023, Here, There & Everywhere was renamed ARN Media.[18][19] In June 2023, ARN acquired a 15% shareholding in major competitor Southern Cross Austereo.[20] On 18 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.[20][21]

Notable assets

Radio broadcasting (ARN)
Australian Radio Network offices in North Ryde

Outdoor/Advertising
  • CODY Out-of-Home (Hong Kong)[22]
  • Emotive (creative agency)[23]

References
  1. "HT&E Launches new division HT&E events, Announces joint venture with Gfinity plc and IKON Media & Entertainment to launch Australia's first city-based esports franchise league" (PDF). HT&E Market Announcement to ASX. 7 August 2017. Archived from the original (PDF) on 11 March 2018.
  2. Tarr, Sophie (22 March 2011). "Natural disasters hit APN News & Media". Pacific Area Newspaper Publishers’ Association. Archived from the original on 22 March 2012. Retrieved 7 November 2011.
  3. "HT&E 2017 Annual Report" (PDF). ASX. 15 February 2018. Archived (PDF) from the original on 21 March 2018.
  4. "Gfinity Esports Australia to cease operations in November". esportsinsider.com. Retrieved 25 May 2020.
  5. "Investor Relations - APN". investorcentre.apn.com.au. Retrieved 8 September 2015.
  6. "UPDATED: News Corp buys APN stake in share sale". Archived from the original on 3 August 2015. Retrieved 8 September 2015.
  7. Kirkpatrick 1994, p. 111.
  8. "APN News & Media Limited". List of companies. Archived from the original on 17 August 2016. Retrieved 15 August 2016.
  9. NZME Demerger Implemented Archived 21 March 2018 at the Wayback Machine APN Market Announcement to ASX, 29 June 2016
  10. APN Retains Ownership of Adshel NZ Archived 21 March 2018 at the Wayback Machine APN Market Announcement to ASX, 28 November 2016
  11. "APN chairman lauds 'milestone' $36.6m News deal". NewsMediaWorks. Archived from the original on 10 November 2016. Retrieved 10 November 2016.
  12. ACCC will not oppose News Corporation's proposed acquisition of APN's Regional Media Division Archived 15 December 2017 at the Wayback Machine Australian Competition & Consumer Commission 8 December 2016
  13. APN Completes Sale of ARM Archived 20 March 2018 at the Wayback Machine APN Market Announcement to ASX, 28 December 2017
  14. Change of Company Name and ASX Listing Code Archived 20 March 2018 at the Wayback Machine APN Market Announcement to ASX, 5 May 2017
  15. Kelly, Vivienne (23 June 2018). "Ooh Media to purchase HT&E's Adshel for $570 million". Mumbrella. Archived from the original on 23 June 2018. Retrieved 23 June 2018.
  16. "Adshel NZ sale confirmed". M+AD! - NZ Media & Advertising News Daily. 3 October 2018. Retrieved 20 October 2018.
  17. HTE sells its stake in communications technology company Soprano RadioToday 4 January 2023
  18. Change of company name and ticker code ARN Media 18 May 2023
  19. HT&E rebrands to ARN Media following shareholder vote Mumbrella 18 May 2023
  20. "Notice of initial substantial holder". ARN Media. 21 June 2023. Retrieved 21 October 2023.
  21. "Non-binding Indicative Proposal to Acquire SCA" (PDF). ARN Media. 18 October 2023. Archived (PDF) from the original on 20 October 2023. Retrieved 21 October 2023.
  22. "About Us". cody.com.hk. Retrieved 25 May 2020.
  23. "Home - Emotive". emotive.com.au. Retrieved 25 May 2020.

Bibliography
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