ARN Media (ASX:A1N), owner of radio networks and the iHeartRadio platform in Australia, has been held by Asymmetric Asset Management. In September 2024, Asymmetric reported ARN Media gained around 19% during the month, noting it owns and operates the Mix radio network and the iHeartRadio digital music and podcast platform in Australia, and that it initially acquired its position when the shares were trading at depressed levels. ARN Media operates in the Communication Services sector within the Media industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Asymmetric Asset Management. Founded in 1988 and headquartered in Macquarie Park, Sydney, ARN Media operates the KIIS, Pure Gold and CADA radio networks across major Australian cities, the iHeartRadio digital audio platform, outdoor advertising interests and audio content production, earning most of its revenue from advertising, and has been pursuing cost reductions and digital audio growth to offset pressure on traditional radio.