Here, There & Everywhere (company)

Here, There & Everywhere
Public
Traded as ASX: HT1
Predecessor APN News & Media
Headquarters 100 William Street, Sydney, Australia
Area served
 Australia
Website www.htande.com.au

Here, There & Everywhere (HT&E), formerly known as APN News & Media,[1] is an Australian media company. Divisions include broadcast radio, digital publishing and e-sports.[2] The company previously had assets in New Zealand (now New Zealand Media and Entertainment),[3] and outdoor advertising (Adshel and APN Outdoor).[4]

In 2015, HT&E's two largest shareholders are the Australian fund manager Allan Gray Australia and News Corp Australia.[5] Irish company Independent News & Media and Denis O'Brien's Baycliffe held an approximately 30% stake in the company before selling it in March 2015.[6]

History

Here, There & Everywhere had its origins in Provincial Newspapers Qld (PNQ), a listed company that published regional newspapers in Queensland and New South Wales. The Herald & Weekly Times, which owned a significant proportion of PNQ, was taken over by News Limited in 1987. To comply with an order of the Australian Trade Practices Commission, News Limited was required to sell its PNQ shares. The 48% stake in PNQ was acquired in 1988 by interests associated with the family of Tony O'Reilly, the principal shareholder of Independent Newspapers of Ireland.[7]

Logo 1998–2017

The company was renamed Australian Provincial Newspapers Holdings and listed again on the Australian Securities Exchange in 1992 following a public share issue, and in 1998 the name was changed to APN News & Media.[8]

In June 2016, the company completed the demerger of its New Zealand radio and publishing business, NZME.[9] Also in 2016, the company announced it would sell its regional newspaper division, Australian Regional Media, to News Corp Australia for $36.6 million.[10] The deal was reviewed but not opposed by the Australian Competition & Consumer Commission.[11] The sale of ARM, encompassing APN's remaining newspaper assets, was completed in December 2016.[12]

APN News & Media Limited changed its name to HT&E Limited in May 2017, changing its ASX Listing Code to HT1.[13]

In June 2018, oOh!media purchased street furniture business Adshel for A$570 million from HT&E, in a competitive bidding war against rival (and former HT&E subsidiary) APN Outdoor.[14]

Current notable assets

Radio broadcasting

Australian Radio Network offices in Sydney

Other

Former assets

Australian publishing (now owned by News Corp Australia)

Queensland

New South Wales

New Zealand publishing (now owned by NZME)

Online publishing

APN Online Australia

APN Online New Zealand

Radio Network (New Zealand)

Outdoor advertising

References

  1. ↑ "APN News & Media anannounces rebrand to Here, There & Everywhere" (PDF). Here, There & Everywhere. 4 May 2017. Archived (PDF) from the original on 19 January 2018. Retrieved 19 January 2018.
  2. ↑ "HT&E Launches new division HT&E events, Announces joint venture with Gfinity plc and IKON Media & Entertainment to launch Australia's first city-based esports franchise league" (PDF). HT&E Market Announcement to ASX. 7 August 2017. Archived from the original (PDF) on 11 March 2018.
  3. ↑ Tarr, Sophie (22 March 2011). "Natural disasters hit APN News & Media". Pacific Area Newspaper Publishers’ Association. Archived from the original on 22 March 2012. Retrieved 7 November 2011.
  4. ↑ "HT&E 2017 Annual Report" (PDF). ASX. 15 February 2018. Archived (PDF) from the original on 21 March 2018.
  5. ↑ "Investor Relations - APN". investorcentre.apn.com.au. Retrieved 8 September 2015.
  6. ↑ "UPDATED: News Corp buys APN stake in share sale". Archived from the original on 3 August 2015. Retrieved 8 September 2015.
  7. ↑ Kirkpatrick 1994, p. 111.
  8. ↑ "APN News & Media Limited". List of companies. Archived from the original on 15 August 2016. Retrieved 15 August 2016.
  9. ↑ NZME Demerger Implemented Archived 21 March 2018 at the Wayback Machine. APN Market Announcement to ASX, 29 June 2016
  10. ↑ "APN chairman lauds 'milestone' $36.6m News deal". NewsMediaWorks. NewsMediaWorks. Archived from the original on 10 November 2016. Retrieved 10 November 2016.
  11. ↑ ACCC will not oppose News Corporation's proposed acquisition of APN's Regional Media Division Archived 15 December 2017 at the Wayback Machine. Australian Competition & Consumer Commission 8 December 2016
  12. ↑ APN Completes Sale of ARM Archived 20 March 2018 at the Wayback Machine. APN Market Announcement to ASX, 28 December 2017
  13. ↑ Change of Company Name and ASX Listing Code Archived 20 March 2018 at the Wayback Machine. APN Market Announcement to ASX, 5 May 2017
  14. 1 2 Kelly, Vivienne (23 June 2018). "Ooh Media to purchase HT&E's Adshel for $570 million". Mumbrella. Retrieved 23 June 2018.
  15. ↑ "About Us". APN News & Media. Archived from the original on 23 October 2016. Retrieved 20 October 2016.
  16. ↑ "APN News & Media to buy rest of Adshel and digital publisher Conversant Media - Mumbrella". 25 October 2016. Archived from the original on 27 March 2017. Retrieved 21 March 2018.
  17. ↑ http://www.theaustralian.com.au/business/media/apn-to-take-full-ownership-of-adshel-for-268m/news-story/2ed4d0a4019d143ccddb5d44ab945b30

Bibliography

  • Kirkpatrick, Rod (1994). "Six dynasties that ended with a whimper: the end of the PNQ" (PDF). Australian Studies in Journalism (3): 109–129. Retrieved 14 August 2016.
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