oOh! There’s no take over of ARN parent HT&E

Funny how rumours start.

As we all know, Here, There & Everywhere is a Beatles song. But that’s not important right now because it’s also a media conglomerate better known as HT&E which owns (among other assets) the Australian Radio Network (ARN) and an outdoor ad specialist, Adshel. 

Recently, HT&E was made an offer by a rival outdoor or “Out Of Home” specialist, oOh! Media, to buy Adshel. The board of HT&E rejected oOh!’s offer.

But, as rumour had it, oOh! didn’t go back in its shell. Instead itwas mounting a bid to take over all of HT&E and was looking for venture capitalists to take ARN off their hands. Ouch!

By Monday morning, though, HT&E had issued a statement denying that any such bid was on the table.

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