In a significant media shake-up, Nine Entertainment has finalised the sale of its radio stations, with billionaire pub baron Arthur Laundy emerging as the surprise buyer. The deal, which includes prominent stations such as 2GB and 3AW, was confirmed by Nine's newspapers on Thursday evening, though the finer details remain confidential.
Confidential Sale Details
The transaction marks a notable shift in the Australian media landscape, as Nine offloads its radio business to Laundy, a well-known figure in the hospitality industry. While specific financial terms and operational plans have not been disclosed, the sale is expected to impact key programming slots and audience dynamics.
Key Stations and Programming
The sold portfolio features 2GB, which hosts top-rated shows like Ben Fordham's breakfast program in Sydney, and 3AW, a major player in the Melbourne market. Last year, Mark Levy took over the 2GB Mornings slot from talkback veteran Ray Hadley, indicating ongoing changes in the station's lineup that may continue under new ownership.
Industry observers are closely watching how Laundy's acquisition will influence the future of these stations, given his background in pubs rather than media. More updates are anticipated as further information becomes available.
