Media Insider: MediaWorks’ majority shareholder QMS acquires Oaktree Capital’s 45% stake – what it means for the radio and outdoor advertising media industry

MediaWorks, a radio and outdoor advertising company in New Zealand, has been acquired by majority shareholder QMS, an Australian outdoor advertising firm. QMS will now own 99.54% of MediaWorks after acquiring US hedge fund Oaktree Capital Management’s stake. The acquisition is seen as a significant milestone that could lead to major changes in New Zealand’s media landscape, sparking speculation about the future direction of the company’s radio and outdoor advertising operations.

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