HT&E’s Ciaran Davis reinforces ‘strength’ of radio and addresses further diversification in 2021
HT&E suffered through the global pandemic as radio ad spend fell sharply, resulting ARN taking up JobKeeper and making redundancies. Mumbrella’s Zanda Wilson speaks with CEO Ciaran Davies about the shape of the company looking towards the rest of 2021.
When Australian Radio Network (ARN) parent company Here, There & Everywhere (HT&E) released its financial results for the calendar year 2020 this week, there were few surprises.
Radio, like most segments of traditional media, was hit hard by the pandemic, and ad spend suffered throughout the year. But HT&E CEO and managing director Ciaran Davis is looking beyond a 22% fall in revenue, to a “strong” balance sheet that he says leaves the company, and ARN, in excellent shape.
“As we move forward into this year, we’ve called out the enduring strength of radio. It tends to get overlooked in a digital world, and among the new products and players that are coming along.
