Catalano & ACM are making some big investments recently. They are about to take on REA and Seek with competing platforms and presumably radio assets would fit well with their ambitions.
I wouldn't be at all surprised if we see a wildcard entry completely scuttle ARNs efforts here. Interestingly, SWM is a significant investor in both ACM & ARN, so their allegiance is likely somewhat 'fluid' at this point. I'm sure Kerry Stokes would be interested in expanding his radio assets.
The Regional TV network is still a thorn in everyone's side though.
Ann: Change in substantial holding from TOP, page-3
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