Who’s lining up for 2CH?
Back in April industry regulator ACMA, approved a temp breach for MRN to offload both Sydney’s 2CH and a regional station.
The sales have come about with the merger of the Fairfax and Macquarie Radio Networks and the current two-to-a-market ownership rule. In Sydney alone, MRN owns three licenses, 2GB, 2UE and 2CH. With MRN bringing in a former company director Rob Lowenthal to handle the sale process, there is reportedly two players for the 2CH license; Grant Broadcasters and the NSW Council of Churches (NCC).
The NCC already has a history with the station as they were the previous owners before MRN took ownership back in 1994. But for Grants according to reports today in Mumbrella, they have put an offer forward of $6 million for the 2CH license. The Grant’s offer is around $4 million short of the $10million Macquarie had been rumoured to be seeking according to Mumbrella.
With a sale deadline of March 31st 2016 set by ACMA, MRN may be hoping for a relaxing of ownership rules. In that case it will be happy days with MRN potentially not needing to sell the station.
You can read more on Mumbrella online here.