Southern Cross Media doubles down on audio as it sells TV assets

SCA back on top

Welcome to a midweek update from Unmade. Today: The tectonic plates shift again in the radio industry, as Southern Cross Austereo is once again worth more than ARN Media.Today’s post went to Unmade’s paying members an hour before everyone else.Your annual membership also gets you tickets to September’s REmade conference on retail media; to October’s Unlock conference on marketing in the nighttime economy; and to Unmade’s Compass end-of-year road…

Southern Cross Media doubles down on audio as it sells TV assets

Southern Cross Media Group Limited is making good on its ‘All About Audio’ strategy selling off its remaining regional TV assets to Seven West Media. The sale, which includes TV licences in Tasmania, Spencer Gulf, Broken Hill, Mt Isa, Darwin, and Remote, Central and Eastern Australia, is set to be completed by 30 June 2025. Southern Cross Media (SCM) will receive $3.75 million in upfront consideration, similar to its previously proposed deal wit…

SXL to Sell Remaining TV Assets to Seven West Media

Southern Cross Media Group Limited (ASX:SXL) has entered a binding agreement to sell its remaining television assets to Seven West Media (ASX:SWM). The assets include those in Tasmania, Spencer Gulf, Broken Hill, Mt Isa, Darwin, and Remote, Central and Eastern Australia. The sale is expected to be completed by June 30, 2025.   This decision follows a previous proposal to divest these assets to Australian Digital Holdings, which was announced on …