Unmade Index: ARN improves as Samuel Terry tightens hold

Tim Burrowes

December 8, 2025 5:07

ARN Media’s share price improve slightly on Tuesday after Samuel Terry Asset Management was revealed as having grown its stake to a significant 22.7% share in the audio company.

Samuel Terry, run by Fred Woollard, has been growing its stake in ARN for some time. It became ARN’s biggest shareholder in September last year. The latest investment took the company up from what was previously an 18.8% stake.

Last week, News Corp revealed that it had sold its 13.2% holding in ARN.

ARN closed up 0.44% for the day, with a market capitalisation of $141m.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.