Southern Cross Media Group

Southern Cross Media Group
Public (ASX: SXL)
Industry Media
Founded November 2007
Headquarters Sydney, Australia
Owner Macquarie Bank
Website southerncrossaustereo.com.au

Southern Cross Media Group (formerly Macquarie Media Group) is one of Australia's major media companies. 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 will then on sell the metropolitan radio stations to Fairfax Media.[1] On 5 November 2007, the company officially acquired Southern Cross Broadcasting's assets.[2] 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.[3][4][5]

Assets

References

  1. ↑ "Southern Cross Broadcasting sold for $1.35b". abc.net.au. 3 June 2007. Retrieved 3 June 2007.
  2. ↑ "Southern Cross falls to Mac and Fairfax". The Australian. 3 June 2007. Retrieved 3 June 2007.
  3. ↑ "Company website". macquarie.com.au. 19 February 2010. Retrieved 19 February 2010.
  4. ↑ "InvestSmart profile". investsmart.com.au. 19 February 2010. Retrieved 19 February 2010.
  5. ↑ "Internalisation and Corporatisation Meetings" (Press release). 17 December 2009. Retrieved 2 March 2010.
  6. ↑ Editor & Publisher

External links