Categories: Science and Tech

Australia's Nine to buy QMS for $599 million, sell radio assets in pivot to digital growth

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TDG Syndication

Jan 30 (Reuters) – Australia's Nine Entertainment said on Friday it will buy digital outdoor media group QMS for A$850 million ($599.08 million) while selling its radio arm and shifting regional TV to an affiliate, accelerating a pivot to higher-growth digital assets. ($1 = 1.4188 Australian dollars) (Reporting by Roushni Nair in Bengaluru; Editing by Alan Barona)

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TDG Syndication
Published by TDG Syndication