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

Behind the rise of shareholder activism
Markets

Behind the rise of shareholder activism

Activists can be seen as 'baddies', but a new report says there are benefits.

Are all Willis’ duopoly-breaking options really on the table?
Retail Analysis

Are all Willis’ duopoly-breaking options really on the table?

A survey of her external adviser's views suggests not.

Gregor Thompson 01 Apr 2025
Graeme Hart lends to twice-bankrupted builder
Property

Graeme Hart lends to twice-bankrupted builder

The owner of failed developer Buildform is a Hart family friend.

Maria Slade 31 Mar 2025
My Net Worth: Brooke van Velden, Cabinet minister
Editor's Picks

My Net Worth: Brooke van Velden, Cabinet minister

"There is strength in being a leader who listens, who doesn't just dictate."