Australian broadcaster to buy MediaWorks in $130m deal

An Australian-listed broadcaster has agreed to buy New Zealand media group MediaWorks in a deal worth $130 million. The company said the move will create a larger trans-Tasman business spanning audio, digital and entertainment. MediaWorks operates a portfolio of radio stations and digital platforms across New Zealand, reaching listeners in most major cities.

Officials said the merger will bring radio broadcasting, digital platforms and entertainment content under one roof. The deal is subject to regulatory approval. The transaction ranks among the largest media deals in the region this year.

Analysts said the transaction is part of a broader consolidation trend in the regional media sector. MediaWorks staff and advertisers are awaiting details of the integration process. Both companies said further details on branding and leadership structure would be released once the deal closes.