Outdoor ad firm buys rest of MediaWorks

MediaWorks's shareholder Oaktree Capital has exited. (Image: NZME)

Mon, 07 Apr 2025

MediaWorks has been acquired by its majority shareholder.Australia-based outdoor advertising firm QMS, which has owned 54.41% of MediaWorks until Monday, will acquire US hedge fund Oaktree Capital Management’s 45.13% stake, leaving it with 99.54% of the company.The only other shareholder is former MediaWorks chief executive Cam Wallace – now an executive at Qantas in Australia – with a 0.46% stake.MediaWorks posted a net after-tax loss of $107.1 million last year after an impairment of $86.5m. At the time, it insisted that its...

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