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Southern Cross Media Group Limited

SCA is Australia’s biggest entertainment company with the ability to reach more than 95% of the Australian population through its radio, television and digital assets.

Led by the Triple M and Hit Networks, SCA owns 78 radio stations plus an additional 8 digital radio stations across metropolitan and regional Australia, and represents an additional 34 regional radio stations.

SCA broadcasts 86 free to air TV signals across regional Australia with Nine Network, Seven Network and Network Tens programming.

SCA’s premium audio and visual brands are supported by leading social media, live events, video, online and mobile assets that deliver national and local entertainment and news content.

With unparalleled expertise in audio content creation, SCA has developed a new Australian podcasting network, offering listeners original on-demand audio via the PodcastOne website and app.

ASX Code
SXL

Sector
Media & Entertainment

Website
https://www.southerncrossaustereo.com.au/

Spotlight Videos

Stocks of the Hour: SXL, BTR, PRD

June 20, 2023 - by Finance News Network

Abbey Phillipps from Finance News Network breaks down some stocks making noise in today's ASX trading session.

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News

Southern Cross Media Group declines proposal to acquire regional newspapers from ACM

June 27, 2024 - by Glenn Dyer

Southern Cross Media Group (ASX:SXL) has walked away from the attempt by the unlisted Australian Community Media to rid itself of some of the biggest regional newspapers in Australia.

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ACM makes second attempt to strike deal with SXL

May 29, 2024 - by Glenn Dyer

Struggling rural print and digital media group Australian Community Media has made a second attempt in six months to interest struggling radio and regional TV group Southern Cross Media Group (ASX:SXL) in an asset deal.

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Southern Cross Media Group rejects initial bids

March 7, 2024 - by Glenn Dyer

Southern Cross Media Group (ASX:SXL) has informed its potential bidders – radio rival ARN and private equity firm Anchorage Capital – to come back with a higher offer.

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Bourse Discourse: JBH, NAB, SXL

March 24, 2022 - by Glenn Dyer

Plenty of positive news from the Thursday ASX trading session, including these announcements from JB Hi-Fi, National Australia Bank and Southern Cross Media Group.

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SXL – UBS rates the stock as Buy

June 28, 2021 - by Broker News

As the TEN overhang has now removed and advertising markets are continuing to improve the broker retains a Buy rating. Target is $2.50.

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Radio Recovery Lights Up Southern Cross Media

March 4, 2021 - by Eva Brocklehurst

A glimmer of light is emerging for Southern Cross Media as radio markets start to recover and a return to dividends is now on the horizon.

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SXL – Macquarie rates the stock as Downgrade to Neutral from Outperform

July 16, 2020 - by Broker News

Macquarie downgrades to Neutral from Outperform. The revenue environment is uncertain and the stock is trading near the target price.

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SXL – UBS rates the stock as Buy

April 8, 2020 - by Broker News

UBS assumes the worst advertising market declines are in the June and September quarters before easing off in the December quarter. A recovery is expected from 2021.

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Southern Cross Austereo Fights For Survival

April 7, 2020 - by Glenn Dyer

National radio and regional television broadcaster Southern Cross Austereo will raise $169 million in capital in a last-ditch effort to try and help the company survive.

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Virus Infects Already Fragile Media Sector

March 24, 2020 - by Glenn Dyer

Stand by for a bailout of the Australian media sector. A decision on whether a recapitalisation will happen at oOh!media is due to be known today while shares of national radio and regional TV group, Southern Cross Media have collapsed.

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