Macquarie Media records $14.3m post merger profit

August 8, 2016 1:00

Talkback radio network Macquarie Media has posted a $14.3m profit after tax in its first full results following last year’s merger with Fairfax Radio.

The radio network, which includes AM talkback powerhouses such as Radio 2GB and Radio 3AW, said the result was in part driven by cost efficiencies achieved from the merger.

“This comparison clearly demonstrates the economic benefits of the merger,” said Russell Tate, chairman of Macquarie Media. “Whilst some further combination efficiencies will be realised in FY17, our primary focus now shifts to driving sustainable revenue growth and building on the 5% year-on-year revenue increases we achieved across the second half of FY16.

Tate

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Nic Christensen

Nic Christensen worked for Mumbrella from 2013 to 2016, in roles including deputy editor and media & technology editor. He is former media writer for The Australian and has also worked as a reporter for The Daily Telegraph and senior producer for Radio 2GB.

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