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ARN throws a Hail Mary to revive collapsed radio merger

Nick Bonyhady
Nick BonyhadyTechnology writer
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Commercial radio group ARN Media, the FM home of The Kyle & Jackie O Show, has made a last-ditch attempt to revive its attempt to buy assets from its rival Southern Cross Austereo after its first play collapsed.

Its private equity partner Anchorage Capital pulled out of the deal over the weekend, ARN announced to the ASX on Monday, confirming a report by The Australian Financial Review.

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Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
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    Original URL: https://www.afr.com/companies/media-and-marketing/arn-throws-hail-mary-to-revive-collapsed-radio-merger-20240513-p5jd2t