Southern Cross Broadcasting

Southern Cross Broadcasting
(Australia) Limited
Public
Industry Media
Fate Acquired
Successor Fairfax Media
Macquarie Media Group
Founded August 20, 1987 (1987-08-20)
Defunct November 5, 2007 (2007-11-05)
Headquarters Melbourne, Australia
Key people
 Tony Bell, Managing Director
John Dahlsen, Chairman
Products Television
Radio
Website www.southerncrossbroadcasting.com.au
scb.com.au

Southern Cross Broadcasting (Australia) Limited was a diversified Australian media company, that owned and operated a variety of media businesses, primarily radio and television.

History

  • 30 May 2007 - Southern Cross Broadcasting announced its sale of NWS-9 (its Adelaide 9-affiliated TV station) to the WIN Corporation for $105 million.[1]
  • 3 July 2007 - Southern Cross Broadcasting recommended Macquarie Media Group's offer of A$1.35 billion, for a takeover of the corporation.[2] The proposed Scheme is subject to approval by SCB shareholders at a Scheme Meeting expected to be held in October 2007.
  • 3 July 2007 - If the sale to Macquarie Media Group is successful, MMG have a separate arrangement directly with Fairfax Media to on-sell to them Southern Cross Broadcasting's radio assets, as well as the Southern Star Group, Satellite Music Australia and their digital media businesses.[3] Only Southern Cross's television stations would remain with Macquarie Media Group. Conversely, Fairfax's radio assets would become part of Maquarie.
  • 5 November 2007 - The company's assets were officially acquired by the Macquarie Media Group.[4]

Assets

Television stations

Radio stations

Other businesses

See also

References

  1. ↑ "WIN buys Channel 9 Adelaide". AAP. theage.com.au. 2007-05-30. Retrieved 2007-05-30.
  2. ↑ "Southern Cross Broadcasting sold for $1.35b". abc.net.au. 2007-06-03. Retrieved 2007-06-03.
  3. ↑ "Letter to shareholders regarding Macquarie Media Group proposed acquisition" (PDF). Southern Cross Broadcasting. 2007-06-19. Retrieved 2007-06-19.
  4. ↑ "Southern Cross falls to Mac and Fairfax". The Australian. 3 June 2007. Archived from the original on 9 November 2007. Retrieved 3 June 2007.
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