HT&E completes acquisition of Grant Broadcasters

Chris Pash
By Chris Pash | 4 January 2022
Credit: Will Francis

HT&E, the owner of broadcaster ARN, has finalised its acquisition of Grant Broadcasters, a family-owned and operated regional radio broadcaster founded in 1942. 

The sale is worth $307.5 million with 22.5% in HT&E shares, equating to 11% holding in HT&E. Grant Broadcasters's CEO Alison Cameron is joining the HT&E board of directors. 

The deal sees the creation of a national radio broadcast network with 58 stations, 46 DAB+ stations, across 33 markets.

The acquisition is being funded through existing cash reserves, financing facilities and issuing HT&E shares. 

HT&E reported half-year revene growth of 21% to $110 million, EBITDA of +55% and a net cash position of $122 million.


Have something to say on this? Share your views in the comments section below. Or if you have a news story or tip-off, drop us a line at

Sign up to the AdNews newsletter, like us on Facebook or follow us on Twitter for breaking stories and campaigns throughout the day.

comments powered by Disqus