2CH Sydney

[Brianc68]

@webguy

@SydneyCityTV

I was expecting SEN to be interested in was 2SM (don’t they carry a fair bit of CrocMedia-produced sport content?) rather than 2CH.

Bill doesn’t like selling his stations, so that was unlikely to happen, especially since it provides content for his regional network. 2CH on the other hand was struggling under EON and allegedly losing them money. (Although EON bought it $5.56, so they’ve made nearly $8 million on the sale when you include the shares in Pacific Star that they’re getting).

@thesub1

For the foreseeable future” could be due to a clause that 2CH cannot yet change formats from a music station? Just guessing.

More likely contracts about supplying their sports content to 2SM and 2UE.

@NDY

Am I missing something here? Do they mean 6EL?

Yes, they mean 6EL. That sale only completed at the start of May so still running music their is hardly proof that the format won’t change.

The following image from their ASX announcement is interesting. Only the SEN Track branding for NSW. While the omission of an SEN NSW logo suggests no change yet, they’ve also chosen not to include the 2CH logo.

I’ve missed a memo somewhere, since when does SEN own 1053 in Brisbane?

The other comment I’d make is that for a supposedly struggling station the owners of 2CH made a very tidy profit with this sale.

There’s no way 2CH will remain music for long. Remember 3MP.