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

Radio and outdoor advertising company MediaWorks has been acquired by its majority shareholder, in a move that could lead to more major change in New Zealand’s media landscape. Australia-based outdoor advertising firm QMS, which has until today owned 54.41% of MediaWorks, will acquire US hedge fund Oaktree Capital Management’s 45.

13% stake, leaving it with 99.54% of the company. The new deal – promoted by MediaWorks as an “exciting” milestone to further enhance its radio and outdoor advertising combination – will reignite speculation about the future shape and direction of the company.



MediaWorks owns an outdoor advertising network and a suite of entertainment radio stations including The Breeze, More FM, The Edge, The Rock and The Sound..