News Summary:
On September 30, 2026, Sports Entertainment Group (SEG) completed its acquisition of New Zealand radio network MediaWorks, a deal valuing MediaWorks at NZ$130 million, or approximately A$108 million. MediaWorks operates as New Zealand's largest radio network by audience, with stations including The Rock, Breeze, and Mai FM. Previously, on September 22, Nova expanded its audience reach by introducing eight MediaWorks NZ stations, such as More FM and The Rock, to Australian listeners. This followed SEG's decision, earlier in September, to withdraw its interest in ARN, which owns the KIIS and GOLD networks, due to the impending MediaWorks purchase. Also on September 1, MediaWorks reported that online supermarket Paddock to Pantry achieved 180% growth in a single year after committing to annual advertising across MediaWorks radio stations, including Breeze, The Edge, More FM, and Mai FM, resulting in gains across web traffic, email database growth, brand awareness, and sales.
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