News: Fairfax Media & Macquarie Radio confirm talks

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    Fairfax Media Limited (ASX:FXJ) and Macquarie Radio Network Limited (ASX:MRN) have confirmed they remain in ongoing talks. 
     
    Both companies lodged the statements yesterday evening while noting the surrounding market speculation about a deal involving Fairfax Radio.
     
    Fairfax papers say the two groups are closing in on a $200 million talkback radio merger less than one year after talks collapsed.
     
    The reports suggest an imminent deal could be only days away from being tied-up and announced before Christmas. 
     
    Fairfax Media reported a net profit of $225 million in the 2014 financial year. 
 
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Currently unlisted public company.

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