APN, Quadrant talk

APN News & Media has revealed it is in talks with Quadrant Private Equity about an outdoor advertising joint venture. APN told the ASX on Friday the discussions followed a strategic review focusing on how to expand its outdoor advertising operations. Reports suggest the joint venture could be valued at $200 million and that a deal was expected to be struck within weeks, although APN gave no timetable as to the talks' likely conclusion. APN said outdoor advertising was one of the ...

APN News & Media has revealed it is in talks with Quadrant Private Equity about an outdoor advertising joint venture. APN told the ASX on Friday the discussions followed a strategic review focusing on how to expand its outdoor advertising operations. Reports suggest the joint venture could be valued at $200 million and that a deal was expected to be struck within weeks, although APN gave no timetable as to the talks' likely conclusion. APN said outdoor advertising was one of the strongest-performing media sectors, a trend that was expected to continue.

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