HT&E rebrands to ARN Media following shareholder vote
HT&E has officially rebranded to ARN Media after shareholders voted in favour of the name change at its annual general meeting held yesterday 17 May.
The company’s ticker code on the Australian Securities Exchange (ASX) has also been updated from HT1 to A1N.
The new ticker code will be effective on ASX from the start of trading on Monday 22 May 2023.
In yesterday’s meeting, HT&E chief executive Ciaran Davis said the name change comes following the company’s acquisition of ARN Regional and recent investments in digital audio.
“In 2020, ARN was a metropolitan-based radio business. Today thanks to our regional acquisition and our investments in digital audio, we are connecting audiences and brands in a market that is worth $1.4bn,” Davis said.
“The future of digital audio holds immense potential for growth, innovation, and cultural impact. Our company is very well placed to shape the audio landscape in Australia and that is why you are voting today to change our name from HT&E to ARN Media.”
Southern Cross Austereo (SCA) is also set to rebrand to LiSTNR this year, and the departure of CEO Grant Blackley won’t impact those plans.
HT&E owns radio network ARN, including KIIS Network, Pure Gold Network and CADA, ARN Regional, Grant Broadcasters, Chemist Warehouse Remix and iHeartRadio (Australia). It also co-owns Canberra FM Radio with SCA, and Nova 93.7 Perth with Nova Entertainment.
The company’s other assets include Hong Kong-based CODY Out-of-Home and creative agency Emotive.
More to come..
HT&E was the worst brand I’ve seen in a while, made more redundant when it was no longer a brand that was Here, there and everywhere.
ARN media is probably what they should have done in 2017.
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