Company or individual details
- Macquarie Media Holdings Limited91 116 024 536
- Regional Media No. 2 Pty Ltd124 720 289
The ACCC considered the proposal by Macquarie Media Group to acquire 9 regional radio stations from Fairfax.
On 17 October 2007, the ACCC decided not to oppose the proposed acquisition, subject to the acceptance of s87B undertakings from Macquarie Media Group.
The ACCC accepted an undertaking from Macquarie whereby Macquarie will divest:
- 4BU in Bundaberg;
- Magic FM and 5CC in Port Lincoln; and
- Magic FM and 5AU in Spencer Gulf.
The undertaking requires that the divestiture assets be held separate, independently managed, maintained and operated as going concerns during the divestiture period.