HT&E reports falling Adshel revenue as it awaits merger approval

Here, There and Everywhere’s street furniture business, Adshel, is recovering from the loss of the Yarra Trams contract last year, as it awaits regulators’ approval for its acquisition by Ooh Media, investors were told today.

According to the half year results from HT&E – which owns Australian Radio Network, Adshel, Conversant Media, Unbound and Emotive – Adshel’s revenue was down by 9% from $108.7m to $98.9m.

CEO Ciaran Davis is pleased with today’s results