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· Posted on
February 21, 2024

Move over radio waves - Seven West Media brings shock waves after it grabs 19.9% stake in ARN

Over the weekend, Seven acquired a 19.9% stake in ARN Media.

What's the key learning?

  • With Seven owning 19.9% of ARN Media, News Corp owning 13%, and Southern Cross Austereo wanting a slice of the pie too, it might become hard for anyone to get the outcome they're looking for.
  • In the business world, having multiple powerful companies as stakeholders can be a double-edged sword.
  • Influential investors can provide valuable resources and support, but when them having divergent views or interests can be a recipe for disaster.

👉 Background: ARN Media is the company behind radio stations like KIIS FM and the iHeart Radio brand in Australia. A few weeks ago, a potential mergerbetween ARN Media and Southern Cross Austereo, the owner of Triple M, was on the cards.

👉 What happened: But Seven West Media didn't read the playbook. Over the weekend, Seven acquired a 19.9% stake in ARN Media. So now, Seven owns 19.9% and News Corp owns 13% of ARN Media.

👉 What else: And with Southern Cross Austereo wanting a slice of the pie too, it might become hard for anyone to get the outcome they're looking for.

What's the key learning?

💡In the business world, having multiple powerful companies as stakeholders can be a double-edged sword.

💡Influential investors can provide valuable resources and support.. but when they have divergent views or interests, it can be a recipe for disaster.

💡But, this complexity is not unique to this deal:

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