oOh! There’s no take over of ARN parent HT&E | radioinfo

oOh! There’s no take over of ARN parent HT&E

Tuesday 15 May, 2018

Funny how rumours start.

As we all know, Here, There & Everywhere is a Beatles song. But that’s not important right now because it’s also a media conglomerate better known as HT&E which owns (among other assets) the Australian Radio Network (ARN) and an outdoor ad specialist, Adshel. 

Recently, HT&E was made an offer by a rival outdoor or “Out Of Home” specialist, oOh! Media, to buy Adshel. The board of HT&E rejected oOh!’s offer.

But, as rumour had it, oOh! didn't go back in its shell. Instead itwas mounting a bid to take over all of HT&E and was looking for venture capitalists to take ARN off their hands. Ouch!

By Monday morning, though, HT&E had issued a statement denying that any such bid was on the table.

Post a Comment


Log InYou must be logged in to post comments.
radioinfo ABN: 87 004 005 109  P O Box 6430 North Ryde NSW 2113 Australia.  |  All content © 1996-2021. All Rights Reserved.