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The sale process of 2CH needs to be closely monitored by ACMA, given that there have already been suggestions that Macquarie might sell it to the Council of Churches for $1 and then continue to run it as part of the "Magic" network.
The "two stations in one capital city" policy has already been well and truly flouted by the Australian Radio Network with their ownership of WSFM, KIIS and The Edge in Sydney. Any defence that The Edge is a regional licence is laughable. When was the last time they had anything meaningful to do with outer western Sydney, let alone Katoomba, where that licence vests?
Listen to the station any time, and it's clearly operating as a Sydney station aimed at the youth market.
Macquarie should be forced to sell 2CH to the highest bidder and have no ongoing management rights as a condition of that sale, and that process provides an ideal opportunity for ACMA to tidy up the situation with The Edge.