ARN lead growth for investors

Staff Writer

APN News & Media is holding an investor day today in Sydney, and has outlined the performance of all their divisions, including radio, to shareholders and analysts.

Revenue for the wider APN group are 6% ahead of the same period last year, with ARN in particular delivering strong growth.

Excluding 96FM, first quarter revenues for ARN improved 28 per cent, while year‐to‐date revenues (including 96FM) are up 35 per cent.

The company has seen cost increases which were primarily due to the acquisition and integration of 96FM, the Melbourne investment earlier in 2015, and the integration costs at NZME.

Ciaran Davis is discussing the performance, and plans, for the Australian Radio Network and will speak to the seven growth objectives for the network:

  • Realising Sydney audience gains
  • Maximising the talent changes in Melbourne Breakfast
  • Establishing a leadership position in National Drive
  • Monetising the purchase of 96FM Perth
  • Integration of 96FM into the five-capital city offering
  • Growing iHeartRadio audiences and revenues
  • Leverage Emotive’s unique content marketing proposition.

APN CEO MIchael Miller commented:

“Following the successful and significant changes implemented across APN’s radio business in 2014, ARN is now executing well on a plan to maximise growth opportunities across our national metro radio network, including the increasingly important role we see for iHeartRadio.”

CEO of NZME. Jane Hastings has presented an update on the integration of the various businesses in New Zealand, and has highlighted the strong performance of the radio sector, with NZME holding 3 of the top 5 radio stations in the market.

Note: You can click on any slides to enlarge.

And Ciaran Davis from ARN is understandably talking up the performance of the Australian Radio Network, including how they are adapting to a changing environment. Towards the end, he noted some the changes in the ARN Sales makeup, which is worth looking at, and the comparative growth of ARN’s revenue as compared to the broader market.

You can see a number of the slides from his performance below.

Comment Form

Your email address will not be published.

Recent comments (0)
Post new comment


See all