MMG Overview

Today Macquarie Media Group (ASX: MMG) has media operations on two continents providing more than 10.1 million people with information and entertainment focussed on their local community.  Since listing on the Australian Securities Exchange in late 2005, MMG has built a diversified media business focused on providing investors with attractive and stable cash distributions from its high quality media assets.

MMG is a combination of operational expertise in the media sector with Macquarie Group’s financing and acquisition expertise, which enables MMG to identify, acquire and transform media businesses to deliver sustainable cash returns and value improvement.

MMG is a disciplined investor in media businesses globally, focussing on opportunities that satisfy the following strict investment criteria:

• Geography: global with bias towards OECD and OECD-like countries, with the ability to invest in other countries if appropriate opportunities are available. Regions of focus are Australia, Asia, the United Kingdom, Europe and North America;
• Level of control: preferably controlling interests in investments but, at a minimum, having significant influence over the key strategic, commercial and financial decisions of the investment in its own right or in conjunction with the Macquarie Group or other Macquarie Group managed funds. MMG may make investments alone or as part of consortia together with other parties over whom MMG has no influence;
• Investment horizon: long-term holder of investments, except where the directors believe returns to investors will be optimised by divestment;
• Level of asset development: focus on developed assets, with the ability to invest in less established assets where the directors assess this to be in MMG’s and the investors' interests; and
• Investor returns: investments which contribute to the portfolio by providing investors with stable cash returns and the benefits of organic growth through earnings improvement and building businesses through complementary acquisitions.

MMG currently owns a 100% interest in Macquarie Southern Cross Media and a 100% interest in American Consolidated Media.

Australian free-to-air television and radio broadcasting – Macquarie Southern Cross Media

Macquarie Southern Cross Media is Australia’s leading regionally-focussed broadcaster, reaching a potential audience of 7.5 million people or 95% of Australia’s population outside the mainland State capital cities. More...

US community newspapers - American Consolidated Media

American Consolidated Media is the publisher of approximately 100 community newspapers which serve 18 geographic regions in Texas, Oklahoma, Kansas, Maryland, Minnesota, Wisconsin, Ohio, Delaware and Michigan, United States. Its publications are the key local advertising medium in their communities. More...

The Financial Services Guide (pdf 155 KB) provides further information on Macquarie Media Group and other general legal and administrative matters.