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Macquarie Media:Full Year Results up by 24%

Thursday 09 August, 2018

Macquarie Media has released its annual results with growth in Net Profit After Tax of $21.5 million up $4.2 million, or 24% on last year.

As reported last week on radioinfo, Fairfax Media, currently in merger talks with the Nine Network, is a major shareholder with 54% of shares, but Macquarie Media controls the daily operations of the company.

Fairfax and Nine Network to merge

Thursday 26 July, 2018
Fairfax Media, a half owner of radio company Macquarie Media Limited, has announced a proposed merger with the Nine Network.

Macquarie Media owns talk radio stations across Australia.

The merger is subject to regulatory approval, but if it gets the nod it will result in the creation of Australia's largest media company.

Fairfax Media's radio revenue down slightly

Wednesday 16 August, 2017
Fairfax Media Limited has announced its results for the full year to June 2017.
The Fairfax Group delivered net profit of $142.6 million, up 8%, with earnings per share growth of 8.5%.
Group Operating EBITDA of $271 million was achieved from revenue of $1.73 billion.

Fairfax owns just over half the shares in Macquarie Media (54%) after merging its metro radio stations with 2GB and 2CH (which was recently sold).

Singleton makes formal bid for Fairfax radio assets

Saturday 17 June, 2017

John Singleton and Mark Carnegie have made a formal bid to buy out Fairfax Media's 54% stake in Macquarie Media.

The move comes as Fairfax shareholders consider offers for the rest of the company from two foreign investors.

TV, newspaper and radio CEOs to unite in Canberra

Monday 29 May, 2017

Chief executives from Australia’s major commercial and subscription TV, newspaper and radio companies will converge on Canberra in an unprecedented show of unity on Wednesday to demonstrate support for the Federal Government’s broadcast and media reform package.

Fairfax takeover bids, where would they leave radio?

Thursday 18 May, 2017

TPG’s first offer for Fairfax Media was rejected, but the second bid is now being taken seriously by investors. A slightly higher bid by Hellman & Friedman is now also on the table.

TPG is an American investment fund, that has combined with other investors, most notably a Canadian teachers pension fund, offering first 95 cents per share, and now increasing the offer to $1.20 per share. Hellman & Friedman has offered 2-5 cents more per share.

The Australian Podcast beating Serial

Monday 26 September, 2016
Phoebe's Fall is a 6-episode podcast and Fairfax Media's first, by investigative print journalists Michael Bachelard and Richard Baker at The Age.

Fairfax Media shares annual report

Thursday 20 August, 2015

It was good news for Fairfax Media last week, posting a profit of $83.2 million after tax in the last financial year (details here).

It is now time to spread the news with the report forwarded to investors.

A key driver of the increased profit was the 45% increase in Domain Group revenue.

So how did the radio arm pull up after the Macquarie Fairfax merger this year?

ARN appoints legal and business affairs director

Thursday 25 June, 2015

Australian Radio Network (ARN) has announced the appointment of Sarah Tinsley to the position of national Legal and Business Affairs Director.


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