Southern Cross Austereo chief executive Grant Blackley says the company is looking at merger and acquisition opportunities, but won't be taking on more television assets or moving into publishing, effectively ruling out any tie-up with Seven West Media.
Mr Blackley said after years of reducing Southern Cross' debt, the company which owns regional TV and nationwide radio assets, had a strong balance sheet to look at opportunities fo M&A and organic expansion.
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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
