Fairfax CEO Greg Hywood reports Macquarie Media revenue growth

Fairfax Media CEO Greg Hywood will today deliver a presentation at the Macquarie Australia Conference in Sydney. 

Fairfax has a 54.5% share in ASX-listed radio broadcaster Macquarie Media following the March 2015 merger of Fairfax Radio Network with Macquarie Radio Network. 

Trading in the first 17 weeks of FY18 H2 (25 December 2017 to 22 April 2018), saw overall Group revenues for Fairfax around 1% below last year; Macquarie Media is up around 4% (up 6% excluding disposals​).

Hywood said the figures demonstrate the 2015 merger was a success, and cited MM’s results from Survey 2.

‘Macquarie Media is a news/talk/sport radio powerhouse with high-profile talent and the number-one stations in the key markets of Sydney and Melbourne.’

‘2GB, 3AW, 4BC and 6PR and the recently launched Macquarie Sports Radio franchise provide quality programming and content, and opportunities for cross promotion to build network audience strength. 

‘A loyal and valuable audience of almost 2 million is monetised through strong advertiser relationships and new advertising categories. 

‘The merger in 2015 has clearly been a success, with significant operational synergies delivered, underpinning a 93% increase in pro forma EBITDA.’


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