oOh!media responds to ACCC over discount talks

Company News

by Rachael Jones

Media company oOh!media (ASX:OML) released a statement yesterday regarding the Australian Competition and Consumer Commission (ACCC) looking to talk about discounts within their industry.

The media release was in response to media reports in relation to rebates in the Out Of Home advertising industry.

The ACCC is talking to outdoor advertising companies after some industry consolidation.

oOh!media bought outdoor advertising business Adshel last year.

The say their practice is to engage with regulators to assist with any questions regarding the industry and that they understand their legal obligations and respects the ACCC’s processes.

Shares in oOh!media (ASX:OML) closed 4.55 per cent lower to $3.57.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.