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SCA delivers on transformation strategy 1H FY25 results
Half Yearly Report, Periodic Reports - Other
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Appendix 4D and Interim Financial Report
Half Yearly Report, Half Year Audit Review, Half Year Directors' Statement, Half Year Accounts, Half Year Directors' Report
Appointment of Chief Financial Officer
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This Month
Conservative broadcaster ADH TV firms on regional free-to-air network
Licences covering Tasmania, Darwin and a swathe of South Australia were put up for sale by ASX-listed Southern Cross Austereo last year.
December 2024
Paramount’s Network Ten snaps up three regional broadcast licences
The seller, Southern Cross Media, has been trying to offload them for several years. It said it was in talks to sell others in Tasmania, Darwin and Broken Hill.
Southern Cross’ poison pill that bidders just can’t swallow
Street Talk can confirm this change-of-control payment is not mythical, but a real clause that comes into play when there’s a 100 per cent bid on the table.
November 2024
Southern Cross hit with first strike, with chairman under pressure
The regional broadcaster’s three biggest shareholders – including its major rival ARN Media – will vote against executive pay despite no bonuses handed out.
Alan Jones’ old media company eyes Southern Cross regional TV assets
Australian Digital Holdings TV, chaired by former ABC board member Maurice Newman, said it would commit to making more local shows.
August 2024
Is Southern Cross Media the country’s most painful takeover target?
Between a pricey 15-year transmission contract and declining regional TV earnings, Southern Cross Media is drawing attention for all the wrong reasons.
Catalano and Waislitz plot with ARN on Southern Cross takeover
The chairman of Australian Community Media, publisher of The Canberra Times, flew to Sydney for discussions with executives about whether a bid could be revived.
July 2024
WIN, Southern Cross consider selling TV stations to Network Ten
A relatively small sale of regional broadcast assets could open the door for WIN owner Bruce Gordon to take a larger stake in Nine Entertainment.
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.
June 2024
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.
May 2024
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.
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.
Plan B in the works as ARN-Anchorage bid collapses
Here’s what Street Talk reckons could unfold in coming weeks.
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.
March 2024
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.
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.
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.
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.
‘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.
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.