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APN Outdoor

From Wikipedia, the free encyclopedia
Australian company

APN Outdoor
Founded2004; 22 years ago (2004)
Defunct2018 (2018)
Headquarters,
Australia
ProductsOutdoor advertising
ParentJCDecaux
Websitewww.apnoutdoor.com.au

APN Outdoor was an Australianoutdoor advertising company based inSydney, Australia.

History

[edit]
Former APN Outdoor logo

APN Outdoor was founded byAPN News & Media in 2004 when it consolidated the operations of its acquired outdoor ad firms Cody, Australian Posters and Buspak.[1][2]

In 2011, APN News & Media sold half the business toQuadrant Private Equity, and in 2015 sold the other half.[3] This severed business links from APN News & Media, despite retaining the name "APN", which caused some confusion in the market until APN News & Media rebranded as Here, There & Everywhere in 2017.[4]

The business was listed on theAustralian Securities Exchange in 2014.[5][6] At the time of listing, Quadrant retained a 20% stake in the company and management held 2.5%.[2]

Richard Herring was CEO of the company from its founding until retiring after 22 years in 2017.[7]James Warburton became CEO in 2017.[8]

In 2017, APN Outdoor planned to merge with rival outdoor advertising companyoOh!media, however was aborted after theAustralian Competition & Consumer Commission raised preliminary concerns.[9]

In June 2018,JCDecaux made a takeover bid worth $1.1 billion, suggesting APN Outdoor would complement the former's existing Australian assets.[10] The takeover was approved in late 2018, shortly after which APN Outdoor ceased trading on the ASX and became a subsidiary of JCDecaux with the latter's branding adopted.[11]

This article needs to beupdated. Please help update this article to reflect recent events or newly available information.(January 2026)

References

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  1. ^"APN Outdoor - Business Directory".Brand South Australia. Retrieved26 May 2018.
  2. ^ab"APN Outdoor Group IPO Prospectus"(PDF).ASX. Retrieved26 May 2018.
  3. ^"APN set to sell outdoor business to Quadrant".AdNews. 22 October 2013. Retrieved20 May 2018.
  4. ^Ward, Miranda (4 May 2017)."APN News & Media rebrands as HT&E". Retrieved26 May 2018.
  5. ^Kaye, Bryan (21 October 2014)."Australia's APN Outdoor to raise $289 mln in IPO - source".Reuters. Retrieved26 May 2018.
  6. ^Hayes, Alex (11 November 2014)."APN Outdoor close down on first day of trading".Mumbrella. Retrieved20 May 2018.
  7. ^Doctor, Daisy (2 August 2017)."APN Outdoor CEO Richard Herring exits after 22 years".Ad News. Retrieved26 May 2018.
  8. ^"Warburton continues APN shake-up".The Australian. News Corp Australia. 23 April 2018. Retrieved26 May 2018.
  9. ^Doctor, Daisy (19 May 2017)."APN and Ooh! scrap merger, slam ACCC intervention".Ad News. Retrieved26 May 2018.
  10. ^"APN shares leap after JCDecaux offer".Nine Finance. 21 June 2018. Retrieved22 June 2018.
  11. ^Wallbank, Paul (15 October 2018)."APN Outdoor shareholders approve JC Decaux deal".Mumbrella.

External links

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