Southern Cross Media Group

Southern Cross Media Group Limited
Company typePublic
ASXSXL
IndustryMedia
PredecessorSouthern Cross Broadcasting
Seven West Media
FoundedNovember 2007 (November 2007)
HeadquartersSouth Melbourne, Australia
Area served
Australia
Key people
OwnerSGH Ltd (20.06%)
SubsidiariesSouthern Cross Austereo
Seven Network
The West Australian
Websitesca.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

Television

News and other

References

  1. ^ 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.
  2. ^ "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.
  3. ^ "Southern Cross falls to Mac and Fairfax". The Australian. 3 June 2007. Retrieved 3 June 2007.{{cite web}}: CS1 maint: deprecated archival service (link)
  4. ^ "Company website". macquarie.com.au. 19 February 2010. Retrieved 19 February 2010.
  5. ^ "InvestSmart profile". investsmart.com.au. 19 February 2010. Retrieved 19 February 2010.
  6. ^ "Internalisation and Corporatisation Meetings" (PDF) (Press release). 17 December 2009. Retrieved 2 March 2010.
  7. ^ Knox, David (18 March 2016). "Nine buys Southern Cross shares". TV Tonight. Retrieved 18 March 2016.
  8. ^ "Telstra tipped to offload its Foxtel stake as Nine buys 9.9% of Southern Cross Austereo". Mumbrella. 18 March 2016. Retrieved 18 March 2016.
  9. ^ "Nine sells stake in Southern Cross after only six months". AdNews. 30 September 2016. Retrieved 7 August 2019.
  10. ^ AAP (23 February 2026). "Merged media group upbeat despite CEO tapping out". Michael West. Retrieved 24 February 2026.
  11. ^ a b c d e f g "SWM officially absorbed by SCA in completed takeover". www.mediaweek.com.au. Retrieved 8 January 2026.
  12. ^ "Editor & Publisher". Archived from the original on 29 March 2013. Retrieved 8 July 2012.