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Four remarks:
(1) According to MRN's data at 2300, 8/8/2019, the return on dividends is earnings/close price * 100 = 0.053/1.745 *100 = 2.43%. Better than term deposits. Source https://www.asx.com.au/asx/share-price-research/company/MRN/statistics/shares
(2) The external uncontrollable factor - revenue. Despite MRN being a market leader, and a market leader means it can charge more for advertising does not translate to getting the maximum revenue. Revenue fell 3.3% ((136351-131843)/136351*100). There must be reasons. The first paragraph does not really explain why businesses have reduced expenditure.
(3) The internal controllable factor - expenses. I have said elsewhere, there is nothing wrong with containing expenses even if the business is viable and profitable. Expenditure was reduced by 3.5% (396/114492*100).
(4) In the 2nd paragraph of the abovementioned CEO's report, the CEO did not elaborate on the nexus between the strategy of audience listenership and leveraging of the audience into a greater financial return. If I tune to an MRN station via the radio (AM or DAB+) or IP streaming, how is leveraging the listener into driving more revenue going to be achieved?
Thank you
Anthony of Belfield
They overspent on that cartographer.
Hi All,
Because Macquarie isn't doing very well,i think they should get rid of Macquarie's Sport radio station in Melbourne that replaced Magic 1278.Magic was a great station and lots of people liked listening to it, particularly older people as they liked the music. Magic is really missed and I think that now would be the perfect opportunity to bring it back.
From Jono and ben