APN tipped to swap outdoor interests for full ownership of ARN

June 24, 2013 12:19

APN News & Media is looking to offload its two outdoor companies Adshel and APN Outdoor in return for gaining full control of its radio division, reports The Australian Financial Review.

APN owns half of APN Outdoor, with Quadrant Private Equity holding the other half. And it owns half of Adshel along with US media group Clear Channel Communications.

Clear Channel is also co-owner of Australian Radio Network.

According to the report, the two outdoor businesses of Adshel and APN Outdoor would be merged into a single operation owned by Clear Channel and Quadrant. Adshel in particular has delivered strong growth in the market under the leadership of CEO Rob Atkinson who was previously chief operating officer of Clear Channel in the UK.

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Nic Christensen

Nic Christensen worked for Mumbrella from 2013 to 2016, in roles including deputy editor and media & technology editor. He is former media writer for The Australian and has also worked as a reporter for The Daily Telegraph and senior producer for Radio 2GB.

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