Macquarie to sell radio network
Posted by
Macquarie to sell radio network

Macquarie Media Group is believed to be looking for a buyer for its network of Australian radio stations.

Macquarie Regional Radioworks covers around 60 per-cent of Australia with 85 licences, and is looking to sell the whole network for 600 million dollars.

The report in newspaper The Australian suggests the decision to sell has been prompted by new media laws which require regional radio stations to produce more local content. Potential buyers of the radio assets include Rural Press, which already owns 10 regional radio stations and has often stated its desire to buy more, and rival regional newspaper group APN News & Media.

The news follows a report in the Guardian last month about Macquarie (UK Radio Holdings Ltd) looking to sell its one and only licence in the UK – which it won in Plymouth earlier this year.

[b]AM UPDATE[/b]: A report in the Sydney Morning Herald suggests Macquarie has not put its radio network up for sale, and there is no current intention to sell.

Hear more radio industry news like this at the top of the hour on inRadio - the radio industry's very own radio station. Listen now in a new window whilst you continue reading RadioToday or press play below.

0 0 482 23 October, 2006 Industry News 11:02 pm 200610 Monday, October 23rd, 2006

Looking for something else?


Subscribe to our emails to stay informed about the latest radio news and products delivered straight to your inbox.

Related Posts

No related posts were found
WorldDAB General Assembly 2016 - November 9, 2016 at 10:00 am ()
Student Radio Awards - November 10, 2016 at 6:00 pm (The O₂ 10 Entertainment Avenue, London, SE10 0DY, England)
BBC Gillard Awards - November 10, 2016 at 7:00 pm (Newcastle)
Audio Production Awards - November 23, 2016 at 6:00 pm (BFI Southbank, Belvedere Road, London)
Radio TechCon 2016 - November 28, 2016 at 10:00 am (The Arts Theatre, 6-7 Great Newport St, London WC2H 7JB)
Salon de la Radio - January 29, 2017 at 10:00 am (Paris)
Salon de la Radio - January 30, 2017 at 10:00 am (Paris)
Salon de la Radio - January 31, 2017 at 10:00 am (Paris)
More events