Nine Entertainment steps up talks to acquire Macquarie Media shares

Nine Entertainment has confirmed it has held early talks about the outstanding shares in 2GB’s parent company Macquarie Media, which counts top advertising boss John Singleton as its second biggest shareholder.

In a brief statement Nine says “Whilst the Nine-Fairfax merger is due to be implemented on Friday, Nine confirms that it has had some preliminary discussions regarding the outstanding shares in MRN,”