Fairfax, Macquarie deny merger

Groups say no decision has been made after reports of radio merger proposal.

Fairfax Media (FXJ) and Macquarie Radio Network (MRN) have poured cold water on speculation about a possible merger of their radio business.

In a statement to the Australian Securities Exchange, the groups say no decision has been made to merge.

Fairfax said it has discussions with interested parties from time to time, but has nothing to announce at this point.

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