Fairfax owns just over half the shares in Macquarie Media (54%) after merging its metro radio stations with 2GB and 2CH (which was recently sold).
The investment in Macquarie Media returned $137 million, down from $138.6 last year, but the company’s profit margin (EBITDA) was greater this year than last by 28%.
Licence fee relief of $2.8m has been reflected in the accounts.