The story
Nova Entertainment was formed in early 1996 under the name DMG Radio Australia, followed later in the year with the A$46M acquisition of 85% of the Broadcast Media group of regional stations. This was shortly followed by FIVEaa on 26 September 1996. The founding chairman and CEO were Charlie Cox and Paul Thompson respectively.
In September 2004, DMG Radio Australia sold most of its regional radio stations to Macquarie Bank, keeping only Hot 91 Sunshine Coast (later sold in early 2005) and Star 104.5 in Gosford.
On Monday 21 May 2012, after poor ratings, 91.5 FM Melbourne and 95.3 FM Sydney were rebranded again to smoothfm with a new smooth, easy listening format to aim for women aged 35+.
In December 2013, DMG Radio Australia launched a 24-hour Australian pay television music channel, Smooth available via Foxtel satellite and cable services. The pay television music channel extends from the Smooth FM radio brand. It was shut down on 30 June 2020.
In February 2014, DMG Radio Australia rebranded under the name Nova Entertainment to reflect the company's increasingly diversified interests in radio and the media and entertainment industries. The new company name has been developed to encapsulate both the pride and heritage of the company’s original and successful FM launch brand, Nova, with its recent evolution into the broader media and entertainment space.
From Wikipedia’s article on Nova Entertainment, shared under CC BY-SA 4.0.4