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While the FM stations offer a wider demographic for Kerry Stokes, the logistics of the on selling of sections of the SCA assets makes Fairfax a neater fix. While financially stressed as Peter noted, the network would be enhanced by the entrance of 7 personalities into local programming.
3AW is at or near the top all the time, an ironic turn of phrase I guess as that was 2UE's claim to fame in marketing for so many years. Melbourne also has Magic 1278 in the Fairfax stable. However I believe 2UE, like a sporting team, is not that far off from a revival. Clive Robertson is working well at nights, George and Paul and Tim Webster are strong performers on weekends and with more marketing the weekday line up can improve market share, along with input from local 7 and other Sydney personalities.
It is a similar story in Brisbane with 4BC, while it seems a safe bet that the Government will remove the block to Stokes acquiring 6PR, which is also doing OK and can only benefit from input from one of Stokes' strongest TV stations.