Nine sells radio stations including 2GB and 3AW to Sydney pub baron Arthur Laundy

The Guardian - World NewsCenter-LeftEN 1 min read 100% complete by Amanda MeadeJanuary 30, 2026 at 12:30 AM

AI Summary

short article 1 min

Nine Entertainment has sold its Nine Radio division, including prominent stations like 2GB and 3AW, to Sydney pub baron Arthur Laundy for $56 million. This move comes as talk radio profits decline and the audience ages. Simultaneously, Nine is acquiring outdoor advertising company QMS Media for $850 million, expanding its presence in the advertising market. The company also converted its regional television station NBN to an affiliate station. These changes are part of Nine's "Nine2028 transformation" strategy, aimed at creating a more efficient and digitally-focused media group. The company previously sold its stake in real estate portal Domain for $1.4 billion.

Key Entities & Roles

Key Player Opposition Context

New South Wales 40% Domain 40% NBN 40% Matt Stanton 50% 3AW 60% 2GB 60% QMS Media 70% Nine Radio 70% Sydney ×270% Arthur Laundy 80% Nine Entertainment ×590%

Keywords

radio stations 90% nine entertainment 80% outdoor advertising 70% media landscape 60% arthur laundy 60% nine radio 50% qms media 50% digital billboards 50% media company 40%