Southern Cross Media
Lehrmann, the Murdochs, Ita Buttrose and media’s big hits in 2023
The media industry’s year was filled with shock resignations, succession plans and landmark court rulings.
- Calum Jaspan
Latest
KIIS FM owner launches $330m bid for Southern Cross Media
ARN has teamed up with private equity firm Anchorage to buy the rival radio broadcaster, having taken a 14.9 per cent stake a few months ago.
- Emma Koehn and Calum Jaspan
Southern Cross plots revival as new boss takes the helm
The ASX-listed media heavyweight’s shareholders are hoping for a lift in fortunes after a torrid couple of years for the company.
- Calum Jaspan
Southern Cross boss to exit after tumultuous tenure
Grant Blackley is leaving the company, which owns Triple M, after an eight-year stint as CEO that coincided with the pandemic and a share price fall of nearly 80 per cent.
- Zoe Samios
Southern Cross boss to step down amid advertising challenge
Grant Blackley, one of Australian media’s longest serving leaders and the man who rolled out radio brands Triple M and Hit around the country, will begin a handover as he passes on the reins to long-time colleague John Kelly.
- Millie Muroi
Southern Cross profits rewind amid stubborn television slowdown
The media company’s profits have dropped, as radio revenue fell and chief executive Grant Blackley acknowledged the television market is on the decline.
- Millie Muroi
Southern Cross shareholder sounds warning over streaming
Allan Gray’s Simon Mawhinney said there was an elephant in the room for Southern Cross: “Is Spotify going to kill it?”
- Zoe Samios and Colin Kruger
Korn Ferry hired in Southern Cross succession planning effort
Southern Cross Austereo appointed an external firm for the first time to look for a potential successor to its longstanding CEO.
- Zoe Samios
Southern Cross takes multi-million dollar hit from affiliate switch
Radio and regional television company Southern Cross Media has lost about $17 million in revenue from a regional affiliate partner switch that took place in July.
- Zoe Samios
‘Destined for market failure’: Regional TV’s dire warning
In a letter to Communications Minister Paul Fletcher in March last year, the three regional TV bosses warned that some services, including news and current affairs, could soon be turned off. After that, they said they could experience complete market failure.
- Anne Hyland
Original URL: https://www.theage.com.au/topic/sxl-1fr