Nine chases NZ media assets in QMS carve-up

Original article by Bridget Carter, Lilly Vitorovich
The Australian – Page: 19 : 30-Oct-19

QMS Media’s board has recommended that shareholders accept a cash offer of $1.22 per share from Quadrant Private Equity, in the latest deal in Australia’s outdoor advertising sector. Meanwhile, Nine Entertainment Company has declined to comment on speculation that it could be interested in buying some of QMS’s assets in New Zealand, including radio stations and its outdoor advertising business. QMS has a 40 per cent stake in MediaWorks, which owns New Zealand TV stations such as TV3 and Bravo, and radio stations such as Magic and The Edge.

CORPORATES
QMS MEDIA LIMITED – ASX QMS, QUADRANT PRIVATE EQUITY PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MEDIAWORKS (NZ) LIMITED, TV3 NETWORK LIMITED, BRAVO, MAGIC, THE EDGE, OAKTREE CAPITAL MANAGEMENT LLC, KKR AND COMPANY LP, FAIRFAX MEDIA LIMITED, NZME LIMITED – ASX NZM, STUFF LIMITED, JC DECAUX SA, APN OUTDOOR GROUP LIMITED, ADSHEL PTY LTD, HT&E LIMITED – ASX HT1

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s