HT&E: investments will see digital audio contribute ‘meaningful’ revenues and earnings

Here, There & Everywhere (HT&E), the owner of radio network ARN, is doubling down on its investments in digital audio offerings in the hope that they would contribute “meaningful” revenues and earnings over the coming years, according to company chair Hamish McLennan.

In the company’s annual general meeting today, McLennan said HT&E’s digital investments are “beginning to gain traction” as one of the factors in helping the company deliver on its goal of being “the best audio business in Australia”.

Most of the investments are in podcasts and live listening “to realise new opportunities in the increasing trends” towards digital audio consumption, he added.