ARN owns or has investments in 12 radio stations across Australia, including the Mix network, and TRN operates seven radio brands in New Zealand.
The sale of APN's wholly owned New Zealand magazine titles to Bauer Media Group had received regulatory approval and was expected to be completed in Nike Shoes Sportswear
Mr Miller said APN's performance was its best in years, with strong earnings growth in radio, a record result in its advertising business Adshel, plus the benefits Nike Sneakers New from the sale of several businesses.
APN will buy the remaining 50 per cent stakes in the Australian Radio Network (ARN) and The Radio Network (TRN) from its US joint venture partner Clear Channel for $246.5 million.
During the year, APN sold its billboard advertising business APN Outdoor, e commerce business brandsExclusive and its eight per cent equity in Aussie Commerce Group.
APN made a $2.6 million profit in 2013, a turnaround from a $507 million loss in 2012 that included impairments on the value of its publishing assets.
March, the company said.
"We are confident that radio will continue to grow as a medium and that ARN and TRN will Nike Shoes Purple And Orange
APN to buy control of radio networks
continue to capture a greater share of the market," chief executive officer Nike Shoes Online Uae
Michael Miller said.
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