MENU

Channel Nine may enlist Macquarie to ready for IPO

According to a report in the Australian Financial Review, Channel Nine owners Oaktree and Apollo are considering appointing advisors and pursuing an Initial Public Offering (IPO) of the television network.

Macquarie Capital, the corporate advisory division of Macquarie Group (ASX: MQG), is believed to be one of the frontrunners along with investment bank UBS, to win a coveted position of advisor.

While there is no certainty that an IPO is imminent or that it will even occur, Nine’s recent purchase of its Adelaide and Perth offshoots will further increase the already hefty debt load on the balance sheet.

With the latest advertising market statistics showing Seven West Media’s (ASX: SVW) Channel Seven extended its lead over Channel Nine in the 6 months to June and with Channel Nine still well ahead of the third placed Ten Network (ASX: TEN) it might be a clever time for the Oaktree and Apollo to offload the company.

Interested in our #1 dividend-paying stock? Discover The Motley Fool’s favourite income idea for 2013-2014 in our brand-new, FREE research report, including a full investment analysis! Simply click here for your FREE copy of “The Motley Fool’s Top Dividend Stock for 2013-2014.”

More reading


Motley Fool contributor Tim McArthur does owns a share in Macquarie Group.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.