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Fairfax Radio Network Transactions
Fairfax Media Limited (Fairfax) today announced that it would merge its Fairfax Radio Network (FRN) (excluding 96FM) with Macquarie Radio Network Limited (MRN), resulting in Fairfax receiving approximately $18 million of cash following completion and a 54.5% shareholding in an enlarged MRN, which will remain a listed entity. Fairfax has at the same time also entered into an agreement to sell its Perth-based 96FM to APN News & Media Limited (APN) for cash consideration of approximately $78 million.
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2014 Annual General Meeting
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