Aldi has announced it will buy local news channel, ABC Radio Australia, for $2.5 billion in cash.
The deal is expected to close this year.
It’s the biggest Australian-owned news outlet to ever buy advertising space in the United States.
In 2017, it spent $2 billion to buy news and current affairs broadcaster The ABC.
The company’s Australian media strategy has been under review since the 2017 election.
But the news outlet has been the most influential in Australia, and it will likely play a key role in Aldi plans to expand into Australia.
ABC Radio was the country’s third most-watched station for the first half of 2017.
ABC News, the company’s national news channel which is also owned by the ABC, has been around for more than 30 years, but its audience has declined as people have moved away from traditional media.
ABC will now be able to target an even wider audience, with a growing number of people living in remote communities, where traditional news is not as popular.
The Australian Bureau of Statistics estimates that Australia’s population is now about one third of what it was when ABC was founded in 1953.
ABC has also become an important platform for the Australian media community to engage in public discourse, including its ongoing efforts to increase its reach to younger Australians, who may be less engaged with traditional media, according to the company.
“We have been the anchor of our own brand for many years,” Aldi chief executive officer Richard Schoen told reporters at a conference call.
ABC’s local news program The Australian was a success in Australia but its future is uncertain. “
So we’re pleased to announce the acquisition of ABC Radio, which will be the first Australian news channel to be bought by a foreign company since the introduction of national advertising in the 1960s.”
ABC’s local news program The Australian was a success in Australia but its future is uncertain.
“ABC Radio is a critical part of our news portfolio in Australia,” the ABC said in a statement.
The news outlet is also part of ABC’s news team, and has been a strong supporter of Prime Minister Malcolm Turnbull, who has spoken highly of the news organisation and has publicly committed to maintaining the station’s independence. “
But as Australians are now living longer and working longer hours, our national news and affairs agenda will be more relevant to them, and its future will be determined by how we manage our business.”
The news outlet is also part of ABC’s news team, and has been a strong supporter of Prime Minister Malcolm Turnbull, who has spoken highly of the news organisation and has publicly committed to maintaining the station’s independence.
But Aldi has struggled in recent years to build a strong presence in Australia.
It was only in 2017 that the company began to focus on its Australian operations, and the company has been focused on attracting investors.
The ABC is now also in the midst of an expansion plan, which could see it spend more than $1 billion in Australia over the next five years.
ABC local news ABC News local news has been an important part of the ABC’s coverage of Australia’s history, current affairs and culture.
The news team is also critical to the ABC in covering local events, and will likely continue to be critical to Aldi when it comes to the acquisition, said ABC CEO Mike Quigley.
“As a company we’re focused on the Australian news, which is important to us,” Quigly said.
“I think we have the opportunity to make a lot of good money in Australia and in the long run it’s a win-win for both sides.”
ABC chief executive Mike Quigan says the company will be looking for “a strong local news team that’s focused on its core product and is part of a growing national community”.