US EditionKerry Stokes to Depart Seven After Merger with Triple M Owner
The merger aims to create a national media conglomerate with $25 million to $30 million in savings and stronger exposure to the key 25 to 54 age demographic, officials said.
- Seven West Media announced on Tuesday morning it will merge with Southern Cross Media, creating a new national media group valued at $417 million.
- The merger follows extensive evaluation and aims to combine television, radio, digital, and publishing operations to strengthen media presence across Australia.
- The combined company will operate 99 FM, AM, and digital radio stations and bring together brands including Triple M, Hit, and the Seven Network.
- Kerry Stokes said the merger delivers significant financial and strategic benefits, adding strength across multiple media platforms and better serving metropolitan and regional audiences.
- If approved, the deal will generate annual pre-tax cost synergies estimated between $25 million and $30 million, with Stokes chairing until February 2026 before Heith Mackay-Cruise succeeds him.
25 Articles
25 Articles
The Devil wears SWM? SCA shareholders weigh the new outfit
By Wade Kingsley, co-host of the Gamechangers Radio podcast I’m glad people working in the media don’t have to wear uniforms. Imagine going in for a fitting, then parading around in your corporately branded apparel, only to have it confined to the local op shop without much wear. As far as the team at Southern Cross Austereo (ASX: SXL) is concerned, it might be a case of having a tailor on standby. The proposed merger of SCA and Seven West Media…
Southern Cross and Seven West to Merge in $2 Billion Deal
Major media groups Southern Cross Media Group (SCA) and Seven West Media (SWM) will merge to form a new entity spanning television, audio, digital, and publishing. Executives say the combined group will dominate the key 25–54 demographic across both metropolitan and regional markets. They argue it will provide a one-stop shop for advertisers and a stronger platform for audiences. “This merger will create a leading integrated Total TV, Audio and …
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