First strike against troubled Southern Cross Media
Major shareholders have initiated a first strike against the leadership team at Southern Cross Media as expectations of the sale of its regional TV empire by Christmas disappear.
Southern Cross Media
ASX 200 hits record close; SG Fleet, Novonix on a tear
APRA decision weighs on big four. SG Fleet soars on $1.2bn takeover talks with Pacific Equity Partners. Novonix signs new offtake deal. Cuscal debuts in line with IPO price. SCA boss fires broadside at regulators.
First strike crisis looms for Southern Cross
The move is another blow for SCA, and could imperil its bid to offload its regional TV assets, a transaction necessary to reduce costs.
SCA to face the music over spurned offers
Southern Cross Media chairman Heith Mackay-Cruise is likely to face an uncomfortable grilling from shareholders at the company’s AGM on Monday.
SCA seeks clear air as shake-up slows
The boss of Southern Cross Media – which owns the Triple M and Hit networks – said the on-air line-ups were now ‘pretty stable’ despite recent high-profile departures.
Commercial TV and radio’s Southern Cross feels pain
The owner of the Triple M and Hit network has had a ‘watershed year’ after being hit by a falling advertising market and business disruption, says its chief executive.
Southern Cross confirms TV unit on the block
The broadcaster has confirmed it is back in active talks with Paramount’s Network Ten about a sale of its regional television assets.
Stokes said to have blocked Southern/ARN deal
Former Seven West Media management lobbied the board of the broadcaster to buy Southern Cross Media Group and ARN Media with its own shares but was blocked by chairman Kerry Stokes.
Talk mounts of Southern Cross Media, Ten deal
Southern Cross Media could be at the negotiating table with Paramount Global.
Catalano, Waislitz focus on more SCM control
Domain Group founder Antony Catalano and Alex Waislitz’s Thorney Investment Group are now expected to lift their ownership interest in Southern Cross Media.
Southern Cross says ‘no’ to proposed ACM deal
Southern Cross Media Group has rejected a deal by Australian Community Media to acquire some of its key print and digital assets.
Southern Cross ‘heavily engaged’ on ACM merger bid
The acquisition by Southern Cross Media Group of ACM may not be unlikely after all, as the two groups remain in detailed talks.
Southern Cross about-face on ACM proposal
Southern Cross Media Group’s decision to consider folding the Australian Community Media business into the group is likely a test of the value of the digital assets.
ASX 200 closes down; Boss Energy dives
ASX finishes lower on quiet day of trading as April retail sales come in below forecasts. Peter Warren issues profit warning. Southern Cross Media considering ACM proposal. Boss Energy hit by CEO, chair selloff.
ARN Media committed to SCA takeover
The radio group remains committed to continue its bid to take over Southern Cross Media after a private equity firm bailed.
‘Frustrating’: SCA chair lashes failed takeover bid
A planned takeover of Southern Cross Austereo has failed after nine months of negotiations, but future deals could be on the table.
No TV buyers last time around in Southern Cross sale process
The sale process for the Southern Cross Media regional television business failed to yield a credible buyer. So with trading conditions deteriorating, what’s its future?
Southern Cross chair makes early exit
Rob Murray has retired from his role as Southern Cross Media Group chairman six months earlier than planned amid the company’s takeover by ARN Media.
ASX surges late; Platinum tanks
Sharemarket has strong push pre-close. Southern Cross Media chair quits over shareholder push. Inflation up 3.4 per cent in 12 months to February. CVC cans $1.8bn APM bid. National Storage board changes after probe.
Radio takeover edges closer
A proposal by ARN Media to acquire Southern Cross Media Group is becoming more likely following a revised offer.
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