MRN 0.00% $1.46 macquarie media limited

fairfax radio assets to be sold

  1. 207 Posts.

    As reported earlier FXJ are looking to sell their radio assets. This division has been performing reasonably well, mainly due to Melbourne ( 3AW ) and Brisbane ( 4BC ) along with a host of other stations in Capital and Regional cities, however, in Sydney ( 2UE ) it is being hammered by MRN ( 2GB and 2CH ).
    Fledgling station MTR 1377 is in it's early days but I have no doubt that this station will gain in market share over time.
    In my opinion MRN has the best quality Management, Presenters , Staff and Products in the radio industry. Furthermore they are owned by investors who understand and are committed to the radio industry long term.
    I will be watching with interest as this sale unfolds as ,in my view, MRN is the logical buyer of these assets.
 
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