HT&E Ltd ( (AU:A1N) ) just unveiled an update.
ARN Media aims to become Australia’s most valuable audio entertainment company by enhancing its audio offerings and expanding its digital presence. The company focuses on generating strong returns from its core radio assets, maximizing audience reach across all platforms, and investing in new digital audio formats. This strategic direction is expected to create value for shareholders by delivering sought-after content in preferred formats and enabling advertisers to access these audiences effectively.
More about HT&E Ltd
ARN Media, a subsidiary of HT&E Ltd, is a leading audio entertainment company in Australia. It operates 58 radio stations across 33 markets and 46 DAB+ stations nationwide, connecting with 8 million people weekly through broadcast and digital radio. Additionally, ARN reaches 6.8 million people monthly through podcasts and manages the iHeartRadio platform, providing radio, music, and podcasts to over 2.9 million registered users.
YTD Price Performance: -15.54%
Average Trading Volume: 82,174
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$195M
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