John Singleton Not Looking To Sell Macquarie Media Stake

John Singleton Not Looking To Sell Macquarie Media Stake

Aussie businessman John Singleton isn’t looking to offload his stake in Macquarie Media, but has admitted it still has a price tag.

Singleton is the second biggest shareholder of Macquarie Media with 32 per cent, behind Fairfax’s 54.5 per cent stake.

He has given the publisher’s deal with Nine his blessing, confident of benefitting from a big increase in revenues as a result, and isn’t seeking to get out of Macquarie despite receiving regular offers, according to The Australian.

“I get approaches every six weeks from various entities… the joint venture with Fairfax has worked beyond expectations,” he told the News Corp publication.

“But, obviously there’s a price. Most things are for sale.”

Singleton’s comments come as Seven West Media basically counted itself out of mounting a rival bid for Fairfax.

Of course, the deal itself still needs to be approved by the ACCC, which has promised to loom at it “extremely carefully”.




Please login with linkedin to comment

Fairfax John Singleton macquarie media Nine

Latest News

Sydney Comedy Festival: Taking The City & Social Media By Storm
  • Media

Sydney Comedy Festival: Taking The City & Social Media By Storm

Sydney Comedy Festival 2024 is live and ready to rumble, showing the best of international and homegrown talent at a host of venues around town. As usual, it’s hot on the heels of its big sister, the giant that is the Melbourne International Comedy Festival, picking up some acts as they continue on their own […]

Global Marketers Descend For AANA’s RESET For Growth
  • Advertising

Global Marketers Descend For AANA’s RESET For Growth

The Australian Association of National Advertisers (AANA) has announced the final epic lineup of local and global marketing powerhouses for RESET for Growth 2024. Lead image: Josh Faulks, chief executive officer, AANA  Back in 2000, a woman with no business experience opened her first juice bar in Adelaide. The idea was brilliantly simple: make healthy […]