Resonate buy MRN regional network
With the Macquarie Radio Network and Fairfax merger, MRN were required to offload their regional Queensland network as part of the enforceable undertakings by ACMA. Resonate Broadcasting has today acquired the group for an undisclosed sum.
The Resonate Broadcasting network now comprises three FM radio stations and nine AM radio stations in Queensland, that will reach nearly 40% of the state.
Resonate Director Rex Morris said, “We have always thought that these stations would be a perfect fit for our existing duopolies in regional Queensland. While we’ve had to be patient for the opportunity, we have a vision to grow this network with an increased focus on local programming, with the intent of giving the communities we serve a voice.”
Resonate Director Sally Dobson said, “Resonate Broadcasting’s vast Queensland network will now cover the diverse rural communities that make up western and central Queensland, from the South Burnett district, to Roma, the sheep and cattle districts of Charleville and Longreach, to the mining centres of Emerald and Mt Isa.”
Resonate Broadcasting was founded in 2008 with its purchase of 4GC and Hot FM in Charters Towers, and 3GG in Gippsland, Victoria. The group also owns and operates two radio stations on Hawaii’s Big Island, including the market leading “The Wave @ 92FM.”