“Upon completion of the transaction, WIN will assume ownership of Nine Darwin and continue to broadcast Nine’s premium content audiences across the Top End.”
EXCLUSIVE:
Nine Network has entered into a deal to sell its Darwin station NTD to WIN Network.
WIN CEO Andrew Lancaster said in a note to staff, “I’m pleased to advise that WIN network has entered into an agreement to acquire Nine Darwin expanding our footprint into the Northern Territory and strengthening our long-standing affiliation with Nine.
“This acquisition is aligned with our strategic growth agenda and reinforces our position as Australia’s largest regional commercial television broadcaster which now includes three of Australia’s capital cities including the nations capital.
“Darwin represents an important market, and this investment reflects our confidence in the long-term value of regional broadcasting and our ongoing partnership with Nine.
“Upon completion of the transaction, WIN will assume ownership of Nine Darwin and continue to broadcast Nine’s premium content audiences across the Top End. Our immediate focus will be ensuring a smooth and scene with transition, maintaining operational continuity and supporting our teams through the integration process.”
Nine recently has announced it was selling NBN Newcastle to the WIN Network for $15m.
Updated WIN statement:
Under WIN ownership, audiences can expect continuity of service and a seamless transition. The acquisition remains subject to customary conditions and regulatory approvals.
Nine programming will be broadcast in Darwin under a five-year affiliate agreement and that all current Nine Darwin employees, and their entitlements will transfer across as part of the transaction.
This transaction is subject to shareholder and ACCC approval, which is expected to occur by the end of May.