TAB gets into radio with purchase of loss-making Senz

TAB gets into radio with purchase of loss-making Senz
Sports betting agency gets into broadcasting. (Image: NZME)
Daniel Dunkley
TAB New Zealand has struck a surprise deal to buy loss-making radio group Sports Entertainment Network NZ (Senz).The gaming business will acquire Senz for $4 million from its Australian parent Sports Entertainment Group (SEG).After the transaction, TAB NZ will take ownership of Senz's digital radio operation and 28 radio stations across 29 frequencies.Under the terms of the deal, set to be finalised in February, SEG will provide content to Senz and will earn commission on advertising revenue it secures for the NZ business.It comes two years...

More Editor's Picks

NZME board told 'compromise or be rolled'
Markets

NZME board told 'compromise or be rolled'

Minority shareholders are falling in behind billionaire Jim Grenon's board coup.

Underwriters left with $161m of Ryman stock
Property

Underwriters left with $161m of Ryman stock

Retail investors took up 42% of the shares offered to them in the capital raise.

Gregor Thompson 13 Mar 2025
The who’s who of NZME’s board hopefuls
Markets

The who’s who of NZME’s board hopefuls

Who are the players causing ripples in investor and media circles?

Libelle's downfall raises procurement process question
Editor's Picks Exclusive

Libelle's downfall raises procurement process question

Plus: The Pita Pit and Subway deal that could have been. 

Cécile Meier 12 Mar 2025