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Southern Cross Media Group Ltd (SXL.AX)

SXL.AX on Australia Stock Exchange

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22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Southern Cross Media enters partnership with QIC
Wednesday, 23 Aug 2017 08:26pm EDT 

Aug 24 (Reuters) - Southern Cross Media Group Ltd :entered into long term partnership with property owner qic to provide out of home solutions in shopping centres across australia.Initial agreement between SCA and QIC will cover malls in Canberra, Toowoomba, Robina, Logan and Melton.  Full Article

Southern Cross Media responds to government's broadcasting licence fee relief
Tuesday, 27 Jun 2017 07:52pm EDT 

June 28 (Reuters) - Southern Cross Media Group Ltd :Asx alert-SCA welcomes interim broadcasting licence fee relief-sxl.ax.It is expected that SCA's liability to new spectrum tax in 2018 financial year would not exceed $4 million.Licence fee relief will result in savings for SCA of $11.8 million in current financial year.  Full Article

Southern Cross Media Group updates on agreement for sale of NNSW TV operations
Friday, 19 May 2017 12:04am EDT 

May 19 (Reuters) - Southern Cross Media Group Ltd :Executed agreements for sale of SCA's Northern NSW (nnsw) television assets and operations to win television network.SCA will use proceeds of sale to further reduce leverage and financing costs, while enhancing future balance sheet flexibility..Estimated FY2018 EBITDA impact from disposal of group's nnsw Tv operations is $10m.Now expects FY2017 trading EBITDA will fall slightly below prior year's EBITDA of $168m.  Full Article

Southern Cross Media proposes sale of NNSW TV operations
Monday, 27 Mar 2017 08:14pm EDT 

Southern Cross Media Group Ltd : Proposed sale of NNSW TV operations .Reached agreement with Win Corp for sale to Win of SCA's Northern NSW (NNSW) television assets and operations for a price of $55mln.  Full Article

Southern Cross Media confirms as reported by the australian that it has expressed interest in acquiring nz radio assets of nzme ltd
Sunday, 26 Feb 2017 08:04pm EST 

Southern Cross Media Group Ltd - : Confirms as reported by the Australian that it has expressed interest in acquiring nz radio assets of Nzme Ltd .Nzme has declined to enter discussions with co citing exclusivity prvovisions in nzme's current merger agreement with Fairfax.  Full Article

Southern Cross Media confirms as reported by the australian that it has expressed interest in acquiring nz radio assets of nzme ltd
Sunday, 26 Feb 2017 06:54pm EST 

Southern Cross Media Group Ltd - : Confirms as reported by the Australian that it has expressed interest in acquiring nz radio assets of Nzme Ltd .Nzme has declined to enter discussions with co citing exclusivity prvovisions in nzme's current merger agreement with Fairfax.  Full Article

Southern Cross Media announces withdrawal from negotiations with Win Corp
Sunday, 19 Feb 2017 05:25pm EST 

Southern Cross Media Group Ltd : Withdrawal from negotiations with Win Corporation .Withdrawn from discussions with Win for sale by SCA of northern NSW television assets and operations to Win and acquisition of Win's I98FM Wollongong radio station..  Full Article

Southern Cross Media says co and Ten Network signed affiliation agreement
Thursday, 19 May 2016 07:48pm EDT 

Southern Cross Media Group Ltd : Ten and Southern Cross Media program deal for northern NSW . Ten Network and Southern Cross Media today announced that they have signed a new affiliation agreement . Agreement for the supply of Ten programming to sca for its northern NSW television licence area. . New agreement is for a term of five years from 1 July 2016 at an increased licence fee .  Full Article

Southern Cross Media and Nine Entertainment sign TV affiliation agreement
Friday, 29 Apr 2016 03:47am EDT 

Southern Cross Media Group Ltd:Nine Entertainment and Southern Cross Austereo announced signing of a new regional television affiliation agreement.SCA will pay Nine an affiliation fee of 50 per cent of its television revenue.SCA will provide national sales services for nine's nbn channel in northern NSW and ntd9 in Darwin.Five year agreement will see SCA broadcast nine's metropolitan free-to-air television content into regional Queensland.  Full Article

BRIEF-Southern Cross Media enters partnership with QIC

* entered into long term partnership with property owner qic to provide out of home solutions in shopping centres across australia