In early February 1937 A. E. Bennett hosted a peak conference of commercial radio interests of New South Wales, Victoria and South Australia with a view to expanding the organisation into an inter-state network to secure additional outlets for their material. The Company's subsidiaries include Buyradio Pty Limited, Macquarie Media Operations Pty Limited, Macquarie Media Syndication Pty Limited, Harbour Radio Pty Limited, Macquarie Media Network Pty Limited and Map and Page Pty Limited. William Bligh, Nine Radio also manages national sales for NOVA Entertainment owned-and-operated FIVEaa. 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Nine already owns 54.5 per cent of Macquarie Media after its takeover of Fairfax Media, which also gave it full ownership of the Sydney Morning Herald, The Age and the Australian Financial Review. Harold Gordon Horner, New South Wales manager for the Australian Broadcasting Commission, was appointed to take his place.[5]. How Old Is Gabe Kaplan, The Company owns and operates various commercial radio stations, such as Sydney -2GB, 2UE and 2CH; Melbourne-3AW and Magic 1278; Brisbane-4BC and Magic 882, and Perth-6PR. Nine Entertainment chief executive Hugh Marks announced the deal to Nine staff this morning and said it would "drive leadership in the news space nationally". Baby Boy Christmas Outfit With Suspenders, 20-March-2020 Latest Dubai Jobs of Different Fields. Head office was at Savoy House, 29 Bligh Street, Sydney, and the Melbourne office at 37 Queen Street. "Macquarie Radio Network" redirects here. For the formerly unrelated Macquarie Regional RadioWorks, see. Sydney businessman John Singleton, who owns 32.4 per cent of Macquarie, agreed at a meeting of the Macquarie Media board yesterday to sell his stake for $1.46 a share. The company employs approximately 540 people, operates in Australia, and is administered by its head office in Pyrmont, New South Wales. The $113.9 million deal for the remaining 45.5 per cent stake of Macquarie will see highly paid shock jock presenters — including Alan Jones, Ray Hadley, Steve Price and Neil Mitchell — transfer to Nine’s books. House Hightower, Image To ASCII, Gokturk Goguryeo, On 16 December 2004, Macquarie made a number of significant acquisitions, particularly in the US, in the later part of the 2000s. On 2 March 2012, MTR ceased operations when Pacific Star was unable to pay any monies owed to Macquarie.[11]. The acquisition, to be funded from Nine's cash reserves and existing debt facilities, will see flagship talk stations in the major capital cities — 2GB, 3AW, 4BC, 6PR — and Macquarie Sports Radio (formerly 2UE) fully owned and controlled by Nine. Pumpkin Smoke Bomb, Get The New Daily free every morning and evening. Nine Radio (formerly Macquarie Media Limited) is an Australian media company, operating radio stations nationally in the capital cities of Sydney, Melbourne, Brisbane and Perth, as well as regional Queensland, it is based in the Sydney suburb of Pyrmont.It was formerly a publicly listed company, but has been solely owned by Nine Entertainment Co. since 2019. Macquarie’s directors have also recommended the deal. It was formerly a publicly listed company, but has been solely owned by Nine Entertainment Co. since 2019. March 04, 2016 | Media Releases Zurich enters agreement to acquire Macquarie Life insurance business. Your email address will not be published. Home; Formation. [30], On 21 January 2020, Nine Radio announced they would close the Macquarie Sports Radio network in February, reverting stations to their pre–2016 brands—2UE, 4BH and Magic 1278—with a classic hits music format. Investment banker Mark Carnegie would also sell his 3.6 per cent stake. “The acquisition of Macquarie Media consolidates Nine’s position as a supplier of news and current affairs content across all of our key platforms — television, digital, print and now radio.”. During the 1930s, 40s, 50s, 60s and 70s, there were a number of other commercial radio networks, another key one being the Major Network. We are big believers in the power of Macquarie’s talk radio network and in its people,” Marks said. Macquarie Media, the employer of shock jock Alan Jones and owner of talkback radio stations in Sydney and Melbourne, has cut its earnings forecasts, in a worrying sign for the broader media business. Please try again. Belk Bowl History, Send Mumbrella your thoughts or provide us with more information by filling out this form. George Anderson of 2GZ was appointed network sales manager. The board of Macquarie Media has recommended acceptance of the $1.46 per share offer . Zurich Australia Limited today announced it has entered into an agreement to acquire Macquarie Life’s life insurance business from the Macquarie Group (Macquarie). Affiliated stations in the new network were 2CA Canberra; 2GB and 2UE Sydney; 2WL South Coast; 2HR Hunter River; 3AW Melbourne; 3HA Hamilton; 3TR Sale; 3SH Swan Hill; 4BH Brisbane; 5DN Adelaide; 5RM Renmark; 6PR Perth; 6KG Kalgoorlie. [22], On 30 October 2015 it was announced the company had divested its regional assets, selling eight radio stations to Resonate Broadcasting. With the coming of television in 1956, the radio audience for these types of programs dropped. The deal valued the radio company at $275.4m, with Nine paying $113.9m – funded by cash reserves and existing debt facilities – for the remaining 45.5% share. Improve ratings! The centre is home to international brands including H&M, Sephora, UNIQLO and Zara. 2GB and 3AW are Sydney and Melbourne’s most-listened-to radio stations, respectively. At 4BC Brisbane, Breakfast presenters Ian Skippen and Loretta Ryan, Mornings host Patrick Condren, Nights host Walter Williams and Weekend Breakfast presenter Murray Shoring were dismissed, as well as sister On 30 October 2015 it was announced the company had divested its regional assets, selling eight radio stations to On 10 November 2015 the company changed its name to On 21 January 2020, Nine Radio announced they would close the The following stations were formerly owned-and-operated by Macquarie but have been divested since 2012. 2GB, one of Sydney's premier commercial radio stations, was founded by Theosophical Broadcasting Station Pty Ltd. in 1926, a division of Theosophical Society Adyar. Entire on air line-up sacked", "Queensland radio company triples its size with latest acquisition", "MRN announces changes to build a 'Magic Network, "Singleton sells Macquarie stake to Nine, Carnegie expected to follow", "Carnegie cashes in his stake in Macquarie Media", "Nine secures takeover of Macquarie Media as Alan Jones, Mark Carnegie accept offer", NEWSNine drops Macquarie Media branding for radio assets, "Steve Jacobs to host breakfast on Nine's music stations", https://en.wikipedia.org/w/index.php?title=Nine_Radio&oldid=982797231, Creative Commons Attribution-ShareAlike License, Macquarie Sports Radio & Talking Lifestyle, Magic 882, Macquarie Sports Radio & Talking Lifestyle, Magic DAB+, Macquarie Sports Radio & Talking Lifestyle, Closed in 2012. Macquarie Media owns Sydney and Melbourne’s most listened to radio stations 2GB and 3AW. Barry Hall Now, In April, Steve Jacobs was announced as breakfast presenter of the music stations, commencing 27 April.[31]. It’s quite sad to see how stations spend big money on tried and developed options. Love the move for Dennis Walter but to put Dee Dee Dunlevy in afternoons a massive blunder. The board consisted of Sir Hugh as chairman, Frederick Daniell as executive director, and George Millar as secretary; other founding directors were R. E. Denison, N. L. Shaw, C. Don Service, and S. S. Crick. "We are big believers in the power of Macquarie's talk radio network and in its people — a team who together drive debate and speak up so often for so many Australians. 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