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Nine nails 90 per cent stake in Macquarie Media

By Media release - Nine Entertainment

7 October 2019 1min read

Nine Entertainment

By Media release - Nine Entertainment

7 October 2019 1min read

Nine has attained a 90 per cent stake in radio broadcaster Macquarie Media, meaning it can move to compulsorily acquire the remaining shares on issue.

“We believe strongly in the power of the talk-radio network and the ability, dedication and professionalism of its people," said Hugh Marks, CEO of Nine.

"Every day this team talk to and for the people of the communities they serve – pointing out wrongs, recognising the achievements and contributions of others, informing Australians and often leading the debate on issues of real importance to their audience."

He said it would be "business as usual" for the Macquarie team, with Nine supporting them to "do what they do best."

The transaction is due to close by the year end.

Let’s go. What do you think?

By Media release - Nine Entertainment

7 October 2019 1min read

Market Voice

Cinema is moving on TV for big cultural watercooler moments – more so for under 30s

It may seem counterintuitive but streaming video services and social media are driving the public’s desire for mass connecting cultural moments. The physical presence of the box office and a slate of blockbuster movies is doing just that – admissions among 14-24-year-olds were up 20% last year. 

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Cinema is moving on TV for big cultural watercooler moments – more so for under 30s

It may seem counterintuitive but streaming video services and social media are driving the public’s desire for mass connecting cultural moments. The physical presence of the box office and a slate of blockbuster movies is doing just that – admissions among 14-24-year-olds were up 20% last year. 

Go deeper 3min read

By Guy Burbidge, Managing Director - Val Morgan Cinema