Here, There & Everywhere chairman Hamish McLennan has told shareholders his company's recent acquisition of a stake in outdoor advertising business oOh!media will give the radio business choices in a consolidating media sector.
HT&E splashed $15 million on a 4.2 per cent stake in oOh!media, to which it had sold its own outdoor advertising business Adshel in 2018 for $570 million in cash. On Thursday oOh!media had a market value of $600.7 million.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
