Nine Sells Radio Network for $56m to Arthur Laundy as It Bets $850m on Outdoor Advertising
Nine Entertainment has sold its radio division for just $56 million, marking a dramatic fall in value as the media giant pivots away from broadcast radio and doubles down on outdoor advertising with an $850 million acquisition of QMS. The radio network has been acquired by Arthur Laundy, through the Laundy Family Office. The deal … Read more