Nine completes takeover and becomes owner of Macquarie Media

Nine is officially the owner of Macquarie Media, with the transaction completed Friday and Nine commencing town halls with Macquarie employees this week.

Nine CEO Hugh Marks said he is “tremendously excited” about what owning the radio station will do for the business, and thanked staff for their patience during the process, which has involved the departure of Macquarie Media CEO Adam Lang and 3AW boss Stephen Beers, the appointment of Tom Malone as managing director of Nine’s radio assets, and Macquarie Sports Radio ceasing to broadcast.

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