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Australian Made appoints Ooh Media as media partner, launches new outdoor campaign
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Ooh Media key formats hit 75% of pre-COVID revenue but Q1 declines 22%
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ARN CEO reveals acquisition ambitions & potential subscription products
Ciaran Davis told
Radio Today it is “open to anything” when it comes to acquiring assets or striking media partnership deals – and it doesn’t just have to be in the audio space.
“We’ve got a board and management team and a very clear vision for how this market is going to move in the next three to five years. Consolidation is absolutely going to happen, because advertisers, CMOs, brands are looking for a partner who can offer scale, reach, multi-platform content delivery and increasingly offer addressable IDs so they can engage on a much more one-to-one spectrum,” he said, citing Nine and its integrated offering of TV, broadcast video on demand, subscription video service Stan, newspapers and radio as a successful example of this consolidation.
May 3, 2021 11:10
Ooh Media has appointed Dani O’Meara as NSW sales director – independent agencies, effective immediately.
The newly created role is a promotion for O’Meara, whose previous title at Ooh Media was group sales leader.
Dani O’Meare
Tim Elder, national head of sales, said of the appointment: “This role was introduced to create more senior support across the independent agency space, and I am delighted to see Dani taking the reins in this area of the business.
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“The calibre of applicants was extremely strong, but through the process it became very clear the talent we have at Ooh is best-placed to allow us to realise our ambitions for this role.”
HT&E now worth more on the ASX than SCA
The parent company of the Australian Radio Network (ARN) – known on the ASX as Here, There & Everywhere (HT&E) – now has a higher market capitalisation than rival Southern Cross Austereo (SCA).
Ahead of the market opening this morning, HT&E’s market capitalisation was $503.12 million, while SCA (SXL on the ASX) was down to $480.87 million.
The milestone has caught the attention of market observers due to the differences in size and scale between the two companies – SCA’s 99 radio stations and television interests far outstrip HT&E’s assets.
Both companies have taken a hit in recent years in terms of value, however the impact on SCA has been much more severe. At the end of 2017, SCA’s market capitalisation was $911.28 million, meaning in just over three years its value has declined by over 47%.
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