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Southern Cross Broadcasting

From Alfawiki
Southern Cross Broadcasting (Australia) Limited
Company typePublic
IndustryMedia, Broadcasting
Defunct2007
FateAcquired by Macquarie Media Group
SuccessorSouthern Cross Media Group
Headquarters
Australia
,
Australia
Key people
Tony Bell (Managing Director 1993–2007)
ProductsTelevision stations, Radio stations, Media services
ParentMacquarie Media Group (from 2007)

Southern Cross Broadcasting (Australia) Limited was an Australian media enterprise with diversified interests, predominantly in television and radio broadcasting.

History

Tony Bell held the position of managing director from 1993 until the company was acquired in 2007, subsequently stepping down from the board of its successor, Southern Cross Media Group, in 2014.

  • September 1998 – Declared acquisition of Adelaide's Channel Nine station (NWS-9) for $98 million, leading to considerable job cuts.
  • May 2001 – Initiated a $217 million takeover attempt for Telecasters Australia, which owned regional television outlets throughout Queensland, northern New South Wales, Darwin, and Remote/Central Australia.
  • April 2002 – Purchased Spencer Gulf Telecasters, the operator of regional South Australia's GTS/BKN stations.
  • 30 May 2007 – Divested Channel Nine Adelaide to WIN Corporation for A$105 million.
  • 3 July 2007 – Endorsed a takeover proposal valued at A$1.35 billion from Macquarie Media Group, subject to shareholder consent.
  • 3 July 2007 – According to the proposed arrangement, Macquarie Media Group intended to resell Southern Cross Broadcasting’s radio holdings, Southern Star Group, Satellite Music Australia, and digital media operations to Fairfax Media, while retaining only the television assets; Fairfax’s radio properties were to be transferred to Macquarie.
  • 5 November 2007 – Completion of Southern Cross Broadcasting's asset acquisition by Macquarie Media Group.

Television stations

Radio stations

Other business interests