APN tipped to lead radio revenues

APN tipped to lead radio revenues

On Southern Cross Austereo, she said: “2DayFm and Triple M have lost audience share over the past 12 months in Sydney and while both stations appear to be recouping some lost ground over the past two surveys, it does not appear to be enough to reclaim the dominant market position.

Radio ratings released this week showed APN’s stations - WSFM and Kiis FM in Sydney, known as Gold 104. 3 and Mix in Melbourne - held the No. 1 position in the metro market with 26 per cent national audience share.

Since January, APN News & Media shares have soared more than 75 per cent, whereas Southern Cross Austereo - owner of top-40 stations 2Day FM and Fox, and rock station Triple M - is down by more than a third.

Credit Suisse says APN News & Media will soon lead radio revenues, while rival Southern Cross Austereo could face challenges.

Read more here: SMH


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