Macquarie Media turns up the volume with profit surge

Original article by Darren Davidson
The Australian – Page: 19 : 9-Aug-18

Australian-listed Macquarie Media has posted a 2017-18 net profit of $21.5m, which is 24 per cent higher than previously. Revenue was four per cent higher at $136.3m, and shareholders will receive a final dividend of $0.04 per share. Fairfax Media has a 54.5 per cent stake in the radio broadcaster, and Macquarie Media chairman Russell Tate says the group will benefit from the synergies arising from Fairfax’s proposed merger with Nine Entertainment Company.

CORPORATES
MACQUARIE MEDIA LIMITED – ASX MRN, FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, 2GB, 3AW SOUTHERN CROSS RADIO PTY LTD

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