Fairfax revives radio sale talks

Original article by Darren Davidson
The Australian – Page: 20 : 3-Oct-14

Insiders say Robin Bishop and Darren Keogh of investment banking firm Macquarie are consulting to Fairfax Media on possible asset divestments. The divisions being looked at are the radio stations network and the Domain real estate classifieds business. The former may be sold to 2GB owner Macquarie Radio, despite previous talks on such a deal ending acrimoniously. Domain may be spun off in a sharemarket float, and could have a market capitalisation of up to $A1.8bn. Fairfax is lobbying for reform of media ownership laws that prevent it from moving into certain segments

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, MACQUARIE RADIO NETWORK LIMITED – ASX MRN, MACQUARIE GROUP LIMITED – ASX MQG, REA GROUP LIMITED – ASX REA, DOMAIN PROPERTY GROUP, FAIRFAX RADIO NETWORK PTY LTD, 2GB, MORGAN STANLEY AUSTRALIA LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, 21ST CENTURY FOX INCORPORATED, METRO MEDIA PUBLISHING PTY LTD, TRADE ME GROUP LIMITED – ASX TME, ALL HOMES PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS, CITIGROUP PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

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