M&A Deal Summary

ARN Media Acquires Radio 96FM Perth Pty

On January 30, 2015, ARN Media acquired media company Radio 96FM Perth Pty from Fairfax Media for 78M USD

Acquisition Highlights
  • This is ARN Media’s 1st transaction in the Media sector.
  • This is ARN Media’s largest (disclosed) transaction.
  • This is ARN Media’s 2nd transaction in Australia.

M&A Deal Summary
Date 2015-01-30
Target Radio 96FM Perth Pty
Sector Media
Buyer(s) ARN Media
Sellers(s) Fairfax Media
Deal Type Divestiture
Deal Value 78M USD

Target

Radio 96FM Perth Pty

East Perth, Australia
Radio 96FM Perth Pty Ltd. is a provider of radio broadcasting services.

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Buyer(S) 1

Buyer

ARN Media

Sydney, Australia
Category Company
Founded 1988
Sector Publishing
Employees5,340
Revenue 334M AUD (2023)
DESCRIPTION

ARN Media is a provider of printing and publishing newspapers, magazines, directories and general printing, radio broadcasting, specialist transit and static outdoor advertising services. ARN Media was founded in 1988 and is based in Sydney, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-18 Buspak Advertising

Causeway Bay, China

Buspak Advertising (Hong Kong) Ltd. is a provider of bus advertising services. It provides exterior and on-board advertising for over 1,700 buses through its contract with new world first bus services Limited.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-22 APN News - Australian Regional Media

Australia

APN News - Australian Regional Media publishes paid daily regional papers in Mackay, Rockhampton, Gladstone, Bundaberg, Hervey Bay, Gympie, Sunshine Coast, Toowoomba, Ipswich and Warwick.

Sell AU$37M

Seller(S) 1

SELLER

Fairfax Media

Pyrmont, Australia
Category Company
Founded 1841
Sector Media
Revenue 1.7B AUD (2018)
DESCRIPTION

Fairfax Media is a diversified media company with operations that include newspapers, magazines, radios and digital media. Fairfax Media was formed in 1841 and is based in Pyrmont, Australia.

DEAL STATS #
Overall 4 of 5
Sector (Media) 1 of 1
Type (Divestiture) 4 of 5
Country (Australia) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-05 The Essential Baby & Toddler Show

Pyrmont, Australia

The Essential Baby & Toddler Show is now in its sixth year and continues to provide a direct response to the needs of the high-growth baby market, with the two events staged annually in Sydney and Melbourne attracting more than 32,000 parents in 2013. The Baby & Toddler Show has grown in scale over the last few years and is now a key part of the marketing mix for many nursery and FMCG brands that want to reach and influence new and expectant parents. The Baby & Toddler Show is supported by some of the biggest names in the industry and more than 200 highly-valued suppliers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-02 Ben & Jerry’s Openair Cinemas

East Perth, Australia

Ben & Jerry’s Openair Cinemas is a business operating open air cinemas in six Australian states and territories. Australian Openair Cinemas, with Ben & Jerry’s as naming rights partner, was originally established at Sydney’s Bondi Beach in 2003 and has since expanded to operate in Melbourne, Brisbane, Canberra, Adelaide, Perth and this year for the first time at the Gold Coast.

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