After the ‘For Sale’ sign was put up at 3AK, Macquarie Radio Network’s chief executive George Buschman told The Age newspaper his group would only be interested if it could operate a duopoly in Melbourne.

He said:

“We at this point are not interested… They’ve made the job harder by splitting the two outfits because the future in radio is duopolies, if not three stations to the market.

“It’s very naive I think for them to think that by putting one on the block on its own that that’ll be all right Jack and the company will be OK. It’s pretty bizarre.”

DCL’s chief financial officer Peter Quattro said DCL’s present management inherited the existing business plan from its predecessors.

“We’ve inherited a business plan that was not viable, that was continually touted as viable… Anyone can create pie-in-the-sky plans but you have to have one that you can substantiate.”