Corporate

I think of the local operators it would make sense for Nova to pick up some of the assets - 97.3 Brisbane, 102.3 Adelaide, 96fm Perth and 102.9 on the Gold Coast. They could complete the Smooth network in the capitals and launch Nova in the 6th biggest city in the country, Gold Coast. A joint bid with Nine makes sense with Nine picking up KIIS in Sydney and Melbourne. 5AA would go from Nova to Nine for them to complete a capital city talk network. Not sure what would happen to Gold in that scenario.

Also not sure about who would want the regional assets. But anyway, I think it makes sense for Nova & Nine at least. Possibly private equity or an overseas operator like Bauer could also be contenders. Literally anyone would do a better job than the current ARN.

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ARN has held their AGM this morning:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02944680-2A1595477&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

I might be misreading this, but it looks like on slide 7 they’re saying that K&J rated a 7.2 share across S2 in Melbourne, which is wrong, they rated 5.8. Unless they’re including 9am-10am in this number?

It looks like their 101.1 station figure is wrong too. They’re saying they rated 7.4 in S2, but their 10+ figure was 5.7. Are they intentionally misleading or inept or am I an idiot?

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Highlights from ARN’s AGM this morning:

Yeah good pick-up. 7.4 is their drive figure (same as last survey).

So if these figures are wrong, what other inaccuracies are there? The claim of 1.7m listeners seems a bit dubious as well.

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The whole presentation seems highly dubious.

As does the company itself. :rofl:

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Kyle Sandilands told the AFR in April last year:

“I would like – and I feel very capable of – being able to be number one by the end of the year on the FMs,”

Going back further, Duncan Campbell gave this prediction to Radio Today/Radioinfo at the end of 2023:

“Timing wise, I think we might be pretty spot on with it.”

“I don’t expect it to jump to Number 1, but I think it will do well in Melbourne and we’ll execute it really well.”

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