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On May 1, Australia's biggest talk-radio network Nine Radio shut down and in its place sprung up Tapt Media, as hoteliers the Laundy family officially took over Sydney's 2GB, Melbourne's 3AW, Brisbane's 4BC, and Perth's 6PR.
Former Nine Radio -- and now Tapt Media -- CEO Tom Malone and chief commercial officer Brian Gallagher both speak with Tim Burrowes in the latest episode of Mumbrella’s Unmaker Series podcast, about what the new ownership means for the future of its talkback radio empire.
"This is a hundred-year-old startup", Malone notes, "and there's a huge opportunity ahead of us."
Coming from Nine, Malone says that the network "understood that the best way to run this business would be as a standalone entity", and it's clear both he and Gallagher agree with this sentiment.
"Having your own bespoke sales team commercialising with a singular focus on audio — linear, streaming, podcasting — is gonna drive a better result for the business," Malone notes.
He lists off short and long form video and audio, on and off-platform plays, third-party reseller agreements, and even a subscription offering as possibilities that are in the pipeline.
"There's lots of different avenues that we can explore. That's really exciting for us as a business, harnessing the power of our content, but also the power of our connection between our broadcasters and our listeners."
There's also a neater demographic fit between the Laundy's hotel empire and the stations' audience.
"We're not playing top 40," Gallagher notes. "We're getting to core issues and we're connecting community. We're connecting them beautifully with clients as well. So it's a real opportunity.
"Look, in all fairness to the power of Nine, which is the preeminent Australian media company, the ability for this business to actually maximise its revenue opportunities in that umbrella were very limited ... That's a business that trades very effectively in a 25-54 marketplace ... We deal with slightly different demos that don't make the CPM (cost per mille) cut in the analysis from time to time.
"So it's a really hard thing to be competitive and achieve the right kind of market share."
