Nine announces sale of radio assets – Nine today announced the sale of its broadcast radio assets – 2GB, 3AW, 4BC, 6PR, 2UE, Magic1278 and 4BH – to the Laundy Family Office.
The sale is on a cash and debt free enterprise value of $56m. The sale is expected to complete prior to 30 June 2026. The Laundy Family Office is expected to remain a long-term partner of Nine, with plans to utilise 9News journalists on radio, showcase Stan Sport through Laundy venues, provide promotion and ad sales collaboration, as well as increased ad spend by Laundy on Nine properties.
Nine retains a growing presence in the Digital Audio market, leveraging the Group’s video production and distribution capabilities, through podcasts, text-to-audio and vodcast (the convergence of digital audio and video).
Nine’s asset base will enable distribution both on-platform (through 9Now, Stan and publishing mastheads) and off-platform, with monetisation through Nine’s existing sales teams.
Nine CEO Matt Stanton said:
“This is a great outcome for the most powerful brands in radio that are recognised for their trusted news and entertainment.
“We haven’t taken this decision lightly. It’s a good outcome for our radio employees as the Laundys look to invest in and grow the brands. It’s been heartening to see the passion and enthusiasm Arthur, Craig and the entire Laundy family have for radio and its powerful connection with local audiences.
“We’re also excited about developing an ongoing, strategic partnership with opportunities across Marketing, Advertising sales, podcasts and Stan Sport in Laundy hotels.
“Today’s announcement follows the strategic review of the Radio business we’ve been undertaking in recent months. The strong interest in the Radio assets underlines the enduring strength of the Radio brands.
At Nine, we remain focused on cementing our place as Australia’s largest locally owned media company with a powerful and growing digital media focus including Digital Audio across podcasts, vodcasts and text-to-audio.”
Craig Laundy from the Laundy Family Office said:
“We look forward to introducing ourselves as we make our way around to the network’s stations over the coming weeks and months.
“The Laundy Family is backing management and all employees to work with us over the coming years to grow this business. We want you to help us continue the important role the stations play in the life of every-day Australians.
“We see strong similarities between hotels and talk back radio. Patrons in our venues are at the centre of everything we do and we will have that same ethos with our listeners.
“In public bars, we chat with our customers about the issues of the day. A lot of the time, the thoughts in the minds of our customers are shaped by what is said on the radio. Many of our patrons call the open lines and there are no better arbiters of what passes “The Pub Test”.
“We would like to thank Nine CEO Matt Stanton for the good faith he has shown in the negotiations that have been conducted. We look forward to enjoying a strong strategic and commercial partnership with Matt and Nine into the future.
“We would also like to thank the Nine Radio senior management team, led by Tom Malone, for their help in understanding the business throughout the negotiations. We are excited about working with them to shape and grow this business into the future.”
Media Release – Nine
Link to 9Now HERE
TV Central Nine content HERE
Nine announces sale of radio assets
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