There is nothing like starting the working week fresh, and it appears 2CH has done just that by changing its call sign and logo.
2CH seems to have been rebranded to Magic in line with the rest of the Magic easy listening stations around the country.
After the Macquarie/Fairfax merger, the new business ended up owning three radio stations in Sydney, which is against the current media ownership laws.
Fairfax Media today has announced full-year financial results posting a new profit of 83.2 million after tax, surpassing estimates.
Chief Executive and Managing Director Greg Hywood said:
“Fairfax has today reported top line growth for continuing businesses for a full year for the first time in eight years. Overall revenue grew 0.3%, a key driver of which was the 45% increase in Domain Group revenue.
When the Macquarie Fairfax merger happened, 2UE news stalwart Steve Blanda was holidaying in London.
With fifty staff to lose their jobs from a number of departments including news, few imagined the man who holds the record for the most number of ACRAs would be among the casualties.
It’s being reported the Australian Communications and Media Authority are investigating Fairfax Chairman-elect Nick Falloon over an alleged breach of the Broadcast Services Act following the Macquarie Fairfax merger.
Mr.Falloon has been temporarily stood aside after the company failed to seek prior approval from ACMA for its directors to temporarily breach broadcasting rules by holding more than two radio licences in Sydney, where it would control three stations.