Southern Cross Media Group
| Company type | Public |
|---|---|
| ASX: SXL | |
| Industry | Media |
| Predecessor | Southern Cross Broadcasting Seven West Media |
| Founded | November 2007 |
| Headquarters | South Melbourne, Australia |
Area served | Australia |
Key people |
|
| Owner | SGH Ltd (20.06%) |
| Subsidiaries | Southern Cross Austereo Seven Network The West Australian |
| Website | sca.com.au |
Southern Cross Media Group (formerly Macquarie Media Group) is an Australian media conglomerate based in South Melbourne that specializes in broadcast television, radio, print and online publishing. It owns Southern Cross Austereo and the Seven Network, Australia's second-largest commercial television network (by audience and advertising market share), as well as the newspapers The West Australian and The Sunday Times.
It was announced in September 2025 that Southern Cross Media Group and Seven West Media were planning to merge by early 2026.[1] The merger was completed on 7 January 2026.
History
On 3 July 2007 Southern Cross Broadcasting recommended Macquarie Media Group's offer of A$1.35 billion, for a takeover of the corporation. Under the deal, Macquarie Media Group would then onsell the metropolitan radio stations to Fairfax Media.[2] On 5 November 2007, the company officially acquired Southern Cross Broadcasting's assets.[3] On 17 December 2009 shareholders approved a restructuring plan. The company was then renamed from Macquarie Media Group to its current name on 17 December 2009.[4][5][6]
In March 2016, Macquarie Group sold a 15.7% stake in Southern Cross Media worth $130 million, and of that 9.9% was purchased by Nine Entertainment, the owner of the Nine Network.[7][8] Nine sold this stake in the business six months later.[9]
Following Seven West Media’s acquisition of Southern Cross Austereo’s remaining television assets in July 2025 and SCA’s exit from television, Seven West and Southern Cross Media announced their intention to merge by early 2026. The merger was completed on 7 January 2026. Seven West Media’s CEO Jeff Howard lead the merged companies as CEO and Manager Director until late February 2026, with Southern Cross Chairman Heith Mackay-Cruise succeeding Kerry Stokes as group Chairman.[1][10]
Assets
Radio
- Southern Cross Austereo
- Hit Network — metropolitan and regional radio, hot adult contemporary
- Triple M — metropolitan and regional radio, mainstream rock/modern adult contemporary
- LiSTNR — audio application for live and on demand access to podcasts and radio stations
Television
- Seven Network[11]
- 7HD — Australian free-to-air HD digital television multichannel using the primary channel simulcast.
- 7two — Australian free-to-air digital television multichannel suitable for people 55+
- 7mate — Australian free-to-air digital television multichannel aimed at men 16 to 54-year-olds.
- 7Bravo — Australian free-to-air digital television multichannel featuring reality and true crime programs.
- 7flix — Australian free-to-air digital television multichannel featuring kids, family programs and movies.
- Racing.com — Australian free-to-air standard definition digital television channel co-owned and co-operated with Racing Victoria.
- 7plus — video on demand, catch-up TV service which carries the main and multichannels of the Seven Network.
- CDT — 10 Central (joint venture with Imparja Television)[11]
- DTD — 10 Darwin (joint venture with Nine Entertainment)[11]
- TDT — 10 Tasmania (joint venture with WIN Corporation)[11]
- West Digital Television — 10 Regional Western Australia (joint venture with WIN Corporation)[11]
- SGS/SCN — 10 Spencer Gulf & Broken Hill[11]
- GDS/BDN — Nine Spencer Gulf & Broken Hill[11]
News and other
- bloo Western Australian business search and website advertising project
- Community Newspaper Group
- 67% of Hybrid Television Services exclusive licensee of TiVo in Australia and New Zealand from 2008.[citation needed]
- The West Australian
- The Nightly
- The Sunday Times
- Wjobs
- 23 regional newspapers and magazines
- 4 business directories across the State
- the Streetsmart and Travellers Atlas street directories
- the quarterly Vita and Habitat & Lifestyle magazines
- Two commercial printing plants
- American Consolidated Media (10% non-voting stake)[12]
References
- ^ a b Knox, David (30 September 2025). "Seven and Southern Cross Media to merge, Kerry Stokes to retire. | TV Tonight". TV Tonight. Retrieved 1 October 2025.
- ^ "Southern Cross Broadcasting sold for $1.35b". Australian Broadcasting Corporation. 3 June 2007. Archived from the original on 10 December 2007. Retrieved 3 June 2007.
- ^ "Southern Cross falls to Mac and Fairfax". The Australian. 3 June 2007. Retrieved 3 June 2007.
{{cite web}}: CS1 maint: deprecated archival service (link) - ^ "Company website". macquarie.com.au. 19 February 2010. Retrieved 19 February 2010.
- ^ "InvestSmart profile". investsmart.com.au. 19 February 2010. Retrieved 19 February 2010.
- ^ "Internalisation and Corporatisation Meetings" (PDF) (Press release). 17 December 2009. Retrieved 2 March 2010.
- ^ Knox, David (18 March 2016). "Nine buys Southern Cross shares". TV Tonight. Retrieved 18 March 2016.
- ^ "Telstra tipped to offload its Foxtel stake as Nine buys 9.9% of Southern Cross Austereo". Mumbrella. 18 March 2016. Retrieved 18 March 2016.
- ^ "Nine sells stake in Southern Cross after only six months". AdNews. 30 September 2016. Retrieved 7 August 2019.
- ^ AAP (23 February 2026). "Merged media group upbeat despite CEO tapping out". Michael West. Retrieved 24 February 2026.
- ^ a b c d e f g "SWM officially absorbed by SCA in completed takeover". www.mediaweek.com.au. Retrieved 8 January 2026.
- ^ "Editor & Publisher". Archived from the original on 29 March 2013. Retrieved 8 July 2012.