Nine Entertainment | radioinfo

Nine Entertainment

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.

Alan Jones is set to re-sign with 2GB

Tuesday 28 May, 2019

The Australian is reporting this morning that Alan Jones is set to sign a 2-year deal with Macquarie Media following months of speculation on the broadcaster’s future.
 

Bolt goes and Jones may follow

Monday 11 March, 2019

 

Survey one is out tomorrow and there will be plenty of interest around revamped breakfast shows and now some added spice with reports Andrew Bolt and possibly Alan Jones departing from Macquarie Media.

Nine is warned about the risk in acquiring Macquarie Media

Wednesday 06 March, 2019

The Sydney Morning Herald is reporting that one of Nine Entertainment’s top shareholders is cautioning the network about acquiring John Singleton’s share of Macquarie Media.

Nine Entertainment reports $1.2 billion revenue in first half

Thursday 21 February, 2019

For the first time, radioinfo is covering the results of a tv company.

But Nine Entertainment Co is no longer just a tv station. With the Fairfax merger Nine now owns newspapers, digital assets and the largest share of Macquarie Media.

The company delivered its first half year report today, for the six months to December 2018.

On a Statutory basis, Nine reported a Net Profit After Tax of $172m, down 1% on the previous corresponding period.

Nine's new structure makes 144 redundant

Monday 03 December, 2018

 

Nine have announced their new corporate structure to come into effect next Monday following the merger with Fairfax

Pages

Subscribe to RSS - Nine Entertainment
radioinfo ABN: 87 004 005 109  P O Box 6430 North Ryde NSW 2113 Australia.  |  All content © 2012. All Rights Reserved.