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Who's in and who's out at Nine Radio: Rich Lister's secret bid to buy and 'blow up' Australia's biggest talkback stations... and we hear only one presenter is safe: INSIDE MAIL
Almost-billionaire John Singleton is rumoured to be buying back Nine Radio after selling his share for $80million six years ago. And he's apparently intent on returning it to its former glory.
It is the deal that all but defined late media mogul Kerry Packer's career: selling his prized Nine Network to would-be tycoon Alan Bond for $1.05billion in 1987 - only to buy it back three years later for a mere $250million as the disgraced businessman's over-extended empire collapsed. Up north in Brisbane, just about everyone will walk the proverbial plank, according to our sources, with Fordham and Hadley's shows to be syndicated in the Sunshine State under the plan, with underperforming breakfast host Peter Fegan and journeyman mornings presenter Bill McDonald both bustled out of the studio. The River City's current drive-time host, Gary Hardgrave, would also be put out to pasture with former shock jock Peter Gleeson likely to make a triumphant return little more than four months after quitting the station to run the newly formed Queensland Racing Club.
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