HT&E completes sale of 4KQ Brisbane
Today, ARN’s parent company HT&E Limited has announced it has completed the sale of its 4KQ Brisbane radio station and license to a subsidiary of Sports Entertainment Group Limited (ASX: SEG).
Following ARN’s acquisition of the Grant Broadcasters business earlier this year, which saw the business take over radio and digital operations across 46 stations, HT&E was required to divest 4KQ to ensure compliance with Australia’s media ownership laws, as required by the Australian Communications and Media Authority.