Kyle and Jackie and SCA – Why next month is critical for ARN: We talk to Ciaran Davis

Next month is big for ARN. They will finally complete the takeover of nearest rival Southern Cross Austereo — at least, this is the plan, and Kyle and Jackie O will start in Melbourne – again, if all goes according to plan.

First though, the full-year results. Net profit before tax for Australian Radio Network was down 33% in 2023. Earnings are down 22%, revenue is slightly down – just 3%.

Advertising is down across the entire media industry, so this comes as no surprise to anyone, least of all ARN chief Ciaran Davis, who spoke to Mumbrella shortly after presenting these results. Not surprisingly, he was focused on the positives.