JS has confirmed that MRN is interested in FXJ radio assets and...

JS has confirmed that MRN is interested in FXJ radio assets and will participate in the sale process.
The addition of these assets will make MRN a major media entity in Australia and will be highly sought after by institutional investors in my opinion.

refer attached news articles.

http://www.theaustralian.com.au/business/city-beat/mrn-seeks-look-at-fairfax-radios-books/story-fn4xq4cj-1226059526568

http://www.smh.com.au/business/macquarie-radio-sizing-up-fairfax-broadcasters-20110520-1evo8.html