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.
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.
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.
The broadcaster has confirmed it is back in active talks with Paramount’s Network Ten about a sale of its regional television assets.
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.
Southern Cross Media could be at the negotiating table with Paramount Global.
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 Media Group has rejected a deal by Australian Community Media to acquire some of its key print and digital assets.
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 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.
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The Australia-based private equity firm may create a trans-Tasman broadcaster and outdoor advertiser with Southern Cross and MediaWorks assets.
The regional television and radio broadcaster Southern Cross is suddenly in the spotlight after its recent bid from rival ARN Media.
Southern Cross is rejecting a merger proposal from the Domain Group founder, but is yet to determine whether to back a buyout offer led by ARN Media.
Seven West Media has created a major upset in the battle for Southern Cross Media Group by sweeping up 19.9 per cent of the stock of its suitor, ARN Media.
The media entrepreneur is back with a project to create a substantial uplift in earnings for Southern Cross Media Group.
Southern Cross is carrying out its work to determine if a buyout proposal by ARN Media is in shareholders’ best interests.
An all-cash offer for Southern Cross, even at the same price as the one tabled by ARN Media, is proving the preferred option for some shareholders.
Antony Catalano may once again emerge as an interloper in the latest media industry takeover battle.
All eyes are on media negotiations between CBS and Southern Cross Media Group over its affiliation agreement with Network Ten.
The media company has recorded a 20.1 per cent fall in full-year profit but its new boss John Kelly is optimistic about the next 12 months.
Original URL: https://www.theaustralian.com.au/topics/southern-cross-media