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Nine Entertainment

Nine's cross platform footy coverage for season 2020

Thursday 21 November, 2019

Nine has launched its vision for the NRL in 2020 promising an expanded and enhanced cross-platform presence for its radio, television, digital and publishing assets under the vision of “Your Footy, Your Way.”

Michael Thompson leaves Macquarie Media

Wednesday 20 November, 2019

Macquarie Media's National Executive Producer, Michael Thompson, will leave the company this Firday.

Michael started with 2GB on Ray Hadley's program before becoming his executive producer, and then 3 years ago moving into the national role overseeing the content across the news talk and sports talk formats.

A mixed year for Nine, up overall but radio is down

Tuesday 12 November, 2019

Nine Entertainment has released its Annual Report to shareholders that has shown mixed results for the integrated media business.

In FY19, on a Pro Forma basis, the traditional Broadcasting business contributed just over half of Group revenue, down from 84% in FY18, marking a real change in the drivers of Nine for the future, and driven mainly from the merger with Fairfax Media.

Plans for 4BC to move 4BC to Mt Coot-tha but it could mean redundancies

Friday 25 October, 2019

Brisbane’s Courier Mail is reporting (subscription required) that 4BC is about to be relocated to Nine’s headquarters at Mt Coot-tha, and that not only will the move will take place before Christmas, it could involve redundancies.
 

Carnegie cashes in his stake in Macquarie Media

Friday 04 October, 2019

The Australian is reporting (subscription required) that Mark Carnegie has agreed to sell his stake in Macquarie Media to Nine.

Last steps under way for the full sale of Macquarie Radio to Nine Entertainment

Thursday 19 September, 2019

Nine Entertainment’s offer for the remaining shares in Macquarie Media has been deemed “fair and reasonable” to shareholders by independent expert PricewaterhouseCoopers.

A Macquarie Media company statement to the ASX says:

 

The Independent Directors of MRN unanimously recommend that, in the absence of a superior proposal and subject to the independent expert continuing to opine that the Offer is reasonable, you ACCEPT the Offer to purchase all of your MRN Shares for $1.46 cash per MRN Share.

Singleton and Carnegie close to accepting Nine's offer

Wednesday 28 August, 2019

Macquarie Media’s major independent shareholders, John Singleton and Mark Carnegie are reportedly ready to accept the bid from Nine Entertainment to acquire the remaining shares in the radio network.
 
According to the SMH, the pair are just waiting for an independent report from PwC to see if the offer is recommended.
 

Nine is up overall for FY19 despite TV and Radio downturn

Thursday 22 August, 2019

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).
 

Nine makes Singo an offer for his Macquarie Media Shares

Monday 12 August, 2019

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

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