Southern Cross Austereo has halted trading to assess its options to deal with the COVID-19 pandemic, which could include an equity raising or working with its banks to potentially relax covenants.
Southern Cross Austereo, owner of Triple M, has hit the trading halt button.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
