Nine has today confirmed that it has signed an agreement for the sale of Stuff Limited, in a transaction which is expected to complete by May 31, 2020.
 

The transaction between Nine and Macquarie Media was completed on Friday. And this week Nine are conducting “town halls” with Macquarie employees around the country.

Macquarie's new MD chats with Peter Saxon

Tom Malone has been appointed Managing Director – Radio, ahead of Nine taking over operational control of Macquarie Media on November 8. 

On a public holiday Monday in NSW, Nine has informed the market that it has attained a 90 percent stake in radio broadcaster Macquarie Media.

Comment from Peter Saxon

Nine has released its FY19 results for the 12 months to June 2019 and on a Statutory basis, reported a Net Profit After Tax of $234m, up 12% on the previous corresponding period.
 
This is despite a downturn in earnings for Macquarie Media with radio revenue down by 3%, and a 6% reduction in TV revenue.
 
Macquarie Media released its FY19 results earlier this month. (see our earlier story).
 

Comment from Peter Saxon

The Nine Entertainment Group has finally made John Singleton an offer for his holding of Macquarie Media Shares.

ABC Managing Director David Anderson has called on the Commonwealth Government to decriminalise journalism and bolster protections for whistleblowers to safeguard the public right to know.