Media update
MediaWorks sells free-to-air TV business to Discovery, Inc.
MediaWorks has completed the sale of its free-to-air TV business to Discovery, Inc. The sale was originally announced in September 2020. Entertainment channels Three and Bravo, streaming service ThreeNow, and multi-platform news service Newshub, have separated from MediaWorks’ radio and out-of-home business, and have become part of Discovery, Inc. Completion of the sale comes ahead of MediaWorks’ newly appointed Group CEO, Cam Wallace, who will take over from Michael Anderson at the start of 2021. MediaWorks’ radio and out-of-home business will remain part of MediaWorks Group.
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