Santa comes early for Glenn Wheatley with 2CH the present

As radioinfo predicted last week, a consortium including Glenn Wheatley has been successful in snaring 2CH from Macquarie Media Limited (MML) after a torturous sales process lasting almost two years.

Sunshine Coast duopoly GM John Williams is also be part of the new venture along with it’s financial backers Oceania Capital Partners (OCP) who will own 85.5% with the rest shared between Mr Wheatley and Mr Williams.

The final sale figure is $5.56 million which is at the upper end of most predictions.

The sale, which is subject to approval by the Foreign Investment Review Board, is expected to be completed by Jan 16, 2017.

Read more here.