Singo makes his move on Fairfax’s stake in Macquarie Media

The unlikely alliance between John Singleton, Mark Carnegie and Fairfax Media through Macquarie Media could be coming to an end after Singleton and Carnegie launched a bid to take full ownership of the radio network on Friday.

Fairfax owns 54.5% of the AM radio network which includes 2GB, 3AW, 2UE, 6PR and 4BC, while Singleton and Carnegie control the remaining 45.5%, with Singleton controlling a 34% stake.

Mumbrella has confirmed the duo requested access to Fairfax’s due diligence room, which was initially reported in The Australian.

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