King & Wood Mallesons (KWM) acted for HT&E Limited (HT&E), a leading media and entertainment business, in relation to their $307 million acquisition of radio and digital operations of Grant Broadcasters.
The transaction represents an expansion of HT&E’s business into regional Australia and the creation of a national broadcast network of scale of 58 radio stations and 46 DAB+ stations across 33 markets.
The KWM team advising on the transaction was led by partner Tim Sherman and Wendy Miller, Senior Associate, from the KWM tax team. They were assisted by Jim Zovaro, Stuart Courtney and Michael Evans. Jessica Wallis and Tracey Jordan advised on the property aspects of the transaction.
Commenting on the transaction, Tim Sherman said “We are delighted to have assisted HT&E with this strategic acquisition to create a truly national radio broadcast network”.
The transaction completed in January 2022.