AUSTRALIA's largest regional media group, Macquarie Media, has accelerated a review of its capital management strategy following a share slump.
The company, which last year bought the Southern Cross regional TV business which owns most of Channel Ten's regional stations, said it would consider partial pre-payment of its business-level debt.
Chairman Max Moore-Wilton told shareholders at today's annual meeting in Sydney the option would be considered against other capital management intitiatives or potential acquisitions. [link=http://www.theaustralian.news.com.au/story/0,24897,24570406-7582,00.html]Full story The Australian[/link]
Mac Media views tough times
Tuesday, October 28, 2008 | Labels: Radionews |
AUSTRALIA's largest regional media group, Macquarie Media, has accelerated a review of its capital management strategy following a share slump.
The company, which last year bought the Southern Cross regional TV business which owns most of Channel Ten's regional stations, said it would consider partial pre-payment of its business-level debt.
Chairman Max Moore-Wilton told shareholders at today's annual meeting in Sydney the option would be considered against other capital management intitiatives or potential acquisitions. [link=http://www.theaustralian.news.com.au/story/0,24897,24570406-7582,00.html]Full story The Australian[/link]
The company, which last year bought the Southern Cross regional TV business which owns most of Channel Ten's regional stations, said it would consider partial pre-payment of its business-level debt.
Chairman Max Moore-Wilton told shareholders at today's annual meeting in Sydney the option would be considered against other capital management intitiatives or potential acquisitions. [link=http://www.theaustralian.news.com.au/story/0,24897,24570406-7582,00.html]Full story The Australian[/link]
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