Fairfax Media Limited (ASX:FXJ)
and Macquarie Radio Network Limited (ASX:MRN)
have confirmed they remain in ongoing talks.
Both companies lodged the statements yesterday evening while noting the surrounding market speculation about a deal involving Fairfax Radio.
Fairfax papers say the two groups are closing in on a $200 million talkback radio merger less than one year after talks collapsed.
The reports suggest an imminent deal could be only days away from being tied-up and announced before Christmas.
Fairfax Media reported a net profit of $225 million in the 2014 financial year.