Australia's Nine to buy QMS for $599 million, sell radio assets in pivot to digital growth

Reuters

01/30

Jan 30 (Reuters) - Australia's Nine Entertainment NEC.AX said on Friday it will buy digital outdoor media group QMS for A$850 million ($599.08 million) while selling its radio arm and shifting regional TV to an affiliate, accelerating a pivot to higher-growth digital assets.

($1 = 1.4188 Australian dollars)

(Reporting by Roushni Nair in Bengaluru; Editing by Alan Barona)

((Roushni.Nair@thomsonreuters.com;))

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