A disappointing outcome for all involved MRN, PNW and the MTR presenters and staff but it simply couldn't continue in it's present form. Since the board couldn't agree on an acceptable budget or vision for MTR the appointment of administrators was the only option.
It is time to move on and explore other options to enter the Melbourne radio market. PNW have the option of returning to the relatively successful easy listening format as was the case prior to the formation of MTR.
I do believe there is an opportunity to syndicate the highly successful MRN programs such as Alan, Ray, Chris and the various lifestyle programs from the 2GB / 2CH stables but this will require a lot more due diligence and planning prior to implementation. The recent acquisition of SMART radio assets in NQ will provide a guide on how this can be achieved.
MRN Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held
