Nine acquires Macquarie Media
By Jonas Lopez in Media News on Tuesday, 12th November 2019 at 9:11amThe Nine Network has officially purchased Macquarie Media.
The acquisition talks were formally completed before the weekend with Nine paying $113.9m for the remaining 45.5 per cent stake in the company, which includes 2GB, 3AW, 4BC, 6PR and Macquarie Sports Radio.
Nine CEO Hugh Marks has begun convening townhall meetings with Macquarie employees to explain plans going forward.
“We have a great opportunity to lead the news conversation in each city and better engage with our audiences – be they television viewers, print and online readers or now listeners via radio or online. We are big believers in the power of Macquarie’s talk radio network and in its people,” the executive said in a staff email.
“We also believe that Macquarie’s station...
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