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Update on proposal from Australian Community Media
Progress Report, Company Administration - Other
- Jun 27, 2024
- 2 pages
This Month
Cat Daddy time! How ARN, Southern Cross could resume merger dance
The obvious step is for ARN to approach Catalano and nut out a deal which would effectively see ACM assume Anchorage’s original position.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Southern Cross rejects Catalano’s offer to sell his newspapers
The operator of regional television networks and the Hit and Triple M radio brands says it does not want to buy a portfolio of regional publications.
- Updated
- Kylar Loussikian
May
Catalano taps Barrenjoey, ABL to push Southern Cross deal
Media entrepreneur Antony Catalano wants Southern Cross Austereo to buy his and partner Alex Waislitz’s regional media business.
- Sam Buckingham-Jones
- Analysis
- Due diligence
ARN Media’s M&A record holds out for elusive win
After seven months, the dream of an ARN-Southern Cross combination fell apart. But if history is any guide, M&A has been a source of unease for ARN investors.
- Jemima Whyte
Plan B in the works as ARN-Anchorage bid collapses
Here’s what Street Talk reckons could unfold in coming weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ARN throws a Hail Mary to revive collapsed radio merger
Takeover target SCA gave a dim view of the revised plan, which doesn’t include private equity firm Anchorage Capital.
- Nick Bonyhady
March
- Opinion
- Chanticleer
Spills and thrills in Australia’s biggest listed radio deal
When nearly half the company’s investors publicly back a chairman’s removal, you can be sure change is coming. In this case, it is a long-mooted M&A deal.
- Anthony Macdonald
Radio market overhaul as Southern Cross says it may accept ARN bid
The deal would merge the Hit and Triple M networks with the owner of the KIIS and Pure Gold stations in a major shakeup of the $700 million sector.
- Sam Buckingham-Jones
More Southern Cross shareholders back removing chair Rob Murray
Facing a new takeover offer from ARN Media and Anchorage Capital Partners, nearly 40 per cent of Southern Cross Austereo shareholders want to remove its chair.
- Sam Buckingham-Jones
ARN ups its offer in ‘frustrating’ Southern Cross Austereo takeover
The company that owns the KIIS and Pure Gold radio brands has spent five months trying to buy its rival. It just increased its bid.
- Sam Buckingham-Jones
‘The Cat’ ups Southern Cross stake; major shareholder tips in
It is understood circa 2 per cent of stake was collected from fellow Southern Cross major shareholder Allan Gray.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Updated
- Media & marketing
Southern Cross’ big shareholders in push to oust board and executives
Chairman Rob Murray has defended his side’s handling of a takeover offer from rival ARN Media, and says ARN is not sharing critical information.
- Updated
- Sam Buckingham-Jones
December 2023
Major retailers threaten to siphon away $1.1b in advertising spend
Morgan Stanley says Coles, Woolworths and Amazon are taking market share from media groups. But publishers and broadcasters are fighting back.
- Sam Buckingham-Jones
ARN to fight forced sale of Southern Cross stake
The owner of KIIS FM and Pure Gold radio network rejected a Takeovers Panel ruling it illegally bought shares in the rival.
- Zoe Samios
November 2023
Takeovers Panel backs Bolton, rules against ARN in Southern Cross bid
The company proposes to divide the assets of its rival television and radio broadcaster between itself and its private equity partner, Anchorage Capital.
- Sam Buckingham-Jones
Southern Cross set to rebuff Catalano
It’s understood that SCA has met and taken a view his proposal is not aligned with their strategy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Breaking
- Street Talk
The Cat’s ACM takes a swipe at Southern Cross, makes approach
The missive is believed to propose selling part of ACM into Southern Cross in return for scrip in the target.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anchorage Capital Partners locks in $500 million-plus for Fund IV
The new fund comes six years after Anchorage raised about $350 million for its Fund III. The firm now has more than $1 billion in commitments.
- Sarah Thompson, Kanika Sood and Emma Rapaport
October 2023
Southern Cross trades Grant Samuel for UBS amid takeover
Sources said UBS has taken the reins as pressure mounts on the SCA board to engage with ARN Media and Anchorage Capital Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
A media analyst’s clash with SCA’s board: ‘You guys cost $1.156m’
Retired analyst Roger Colman’s blistering questions at Southern Cross Austereo’s AGM; could Kerry and Ryan Stokes be (temporarily) booted off Seven’s board?
- Sam Buckingham-Jones and Mark Di Stefano