Talk radio operator Macquarie Media sees fall in profits and ad revenue

Tim Burrowes

August 7, 2019 8:14

Australia’s leading talk radio company Macquarie Media saw its profits and revenues both fall in the last financial year, the company has told the ASX.

Macquarie’s radio stations include market leaders 2GB in Sydney and 3AW in Melbourne, along with the struggling Macquarie Sports Radio.

According to the update, the company – majority owned by Nine – brought in revenues of $131.8m for the year, down 3.3% on the year before.

Underlying EBITDA profits were $27.1m, down 16.4% on the year before.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.