Street Talk
Nine Entertainment takes 9.9 per cent stake in Southern Cross Media
Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis
Updated
Nine Entertainment Co is understood to have taken a 9.9 percent stake in Southern Cross Media Group after Macquarie Group kicked off a selldown of its shareholding in the national radio and regional television group.
As revealed by Street Talk earlier, Macquarie was selling a 15.7 per cent stake in Southern Cross on Thursday afternoon.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au
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