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

UM Drives Off With Media Account For Global Automotive Manufacturer, Chery
  • Advertising

UM Drives Off With Media Account For Global Automotive Manufacturer, Chery

Following a highly contested pitch, media agency UM announces its appointment as media agency of record for global car manufacturer Chery.UM’s remit includes all media strategy, planning and buying in Australia, supporting Chery’s launch of all new vehicle releases in 2024, as the brand establishes its market presence.

HiBob Research: 61% Of Women Would Consider Leaving Their Job Over Wage Gap
  • Marketing

HiBob Research: 61% Of Women Would Consider Leaving Their Job Over Wage Gap

Over half (61 per cent) of Australian women would consider leaving their job if they find out that their organisation has a gender pay gap — regardless of how big the gap is — according to new research by HR tech unicorn HiBob. Surprisingly, 36 per cent of men also express a willingness to leave, […]

Image lead story Domain CMO Rebecca Darley: Tealium’s CDP Allowed Us To Personalise At Scale
  • Partner Content
  • Technology

Domain CMO Rebecca Darley: Tealium’s CDP Allowed Us To Personalise At Scale

Domain’s chief marketing officer (CMO), Rebecca Darley, said that without Tealium’s customer data platform (CDP), her business would not have been able to achieve the personalised marketing success that has made it one of the leaders in data-driven marketing in Australia. Speaking at an exclusive breakfast event hosted by B&T at Sydney’s swish harbourside restaurant, […]

Partner Content

by B&T Magazine

B&T Magazine
Man of Many Partners With NBC Universal For Red Carpet ‘Argylle’ Premiere
  • Campaigns

Man of Many Partners With NBC Universal For Red Carpet ‘Argylle’ Premiere

Man of Many in partnership with NBC Universal, stages an atmosphere of elegance for Sydney premiere of ‘Argylle’ film. Independent lifestyle publication digital publication, Man of Many, has shown its innovative approach to event management in the premiere of ‘Argylle’ at Hoyts Cinema in Sydney’s entertainment quatre. Over 400 guests were included in the films […]