Veteran investment banker Mark Carnegie has spoken with ABC's Dominique Schwartz about the hype surrounding an expected wave of consolidation following the government's media reforms, and Carnegie's recent bid along with advertising guru John Singleton for a full takeover of Macquarie Media.
In June, the pair teamed up to buy Fairfax Media's 54% stake in the belief it was looking to offload Macquarie, however Fairfax said it was not seeking offers.