ARN’s $12m 4KQ sale to Sports Entertainment Group goes through

HT&E’s ARN has sold 4KQ to the Sports Entertainment Group for $12 million.

The sale follows HT&E’s acquisition of Grant Broadcasters last year.

Due to ACMA regulations, ARN was required to sell 4KQ, caused by the company reaching its threshold of broadcast licenses in the broader Brisbane region.

The acquisition expands Sports Entertainment Group’s owned radio platform and audience reach with 35 stations now in operation and now in all capital cities and states.

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Craig Hutchison, SEG’s managing director: “We know Queenslanders love their sport. 693 SENQ will provide a unique offering and constant sporting content like never before as Queensland’s only dedicated sports station. We already have great momentum with ‘Breakfast with Pat & Heals’ and I look forward to announcing more Queensland specific content in the coming months. Our business model is sport, and parochial sport is at the heart of that. Queenslanders love their state and its teams and we are excited to play our role in amplifying that passion.”


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