Australian Sports Radio Firm Acquires MediaWorks for $130M

Across the Tasman Sea, an Australian sports media company has reached into New Zealand's cultural airwaves, acquiring MediaWorks — home to The Rock, More FM, and The Edge — for $130 million. The deal reflects a familiar pattern in modern media: consolidation as a survival strategy, with smaller national markets drawn into larger regional orbits. For New Zealand listeners, the stations that have long shaped the country's commercial radio identity will now be steered from Australia, raising quiet questions about what scale gains and what local character costs.