Southern Cross Broadcasting
 | |
| Company type | Public |
|---|---|
| Industry | Media |
| Founded | 20 August 1987 |
| Defunct | 5 November 2007 |
| Fate | Acquired |
| Successor | Fairfax Media Macquarie Media Group |
| Headquarters | Melbourne, Australia |
Key people | Tony Bell, Managing Director John Dahlsen, Chairman |
| Products | Television Radio |
| Website | scb.com.au |
Southern Cross Broadcasting (Australia) Limited was a diversified Australian media company, that owned and operated a variety of media businesses, primarily radio and television.
History
- 30 May 2007 - Southern Cross Broadcasting announced its sale of NWS-9 (its Adelaide 9-affiliated TV station) to the WIN Corporation for $105 million.[1]
- 3 July 2007 - Southern Cross Broadcasting recommended Macquarie Media Group's offer of A$1.35 billion, for a takeover of the corporation.[2] The proposed Scheme is subject to approval by SCB shareholders at a Scheme Meeting expected to be held in October 2007.
- 3 July 2007 - If the sale to Macquarie Media Group is successful, MMG have a separate arrangement directly with Fairfax Media to on-sell to them Southern Cross Broadcasting's radio assets, as well as the Southern Star Group, Satellite Music Australia and their digital media businesses.[3] Only Southern Cross's television stations would remain with Macquarie Media Group. Conversely, Fairfax's radio assets would become part of Maquarie.
- 5 November 2007 - The company's assets were officially acquired by the Macquarie Media Group.[4]
Assets
Television stations
- Southern Cross Ten
- CTC - Australian Capital Territory/Southern NSW (Canberra)
- GLV/BCV - Victoria (Bendigo, Ballarat, Gippsland, Albury-Wodonga)
- NRN - Northern NSW/Gold Coast QLD (Newcastle, Central Coast, North Coast, Northern Rivers, Gold Coast)
- TNQ - Queensland (Toowoomba, Mackay, Rockhampton, Townsville, Cairns)
- SGS/SCN - South Australia (Spencer Gulf region of South Australia and Broken Hill, New South Wales)
- Southern Cross Television
- TNT - Tasmania (Hobart and Launceston)
- TND - Northern Territory (Darwin)
- GTS/BKN - South Australia (Spencer Gulf region of South Australia and Broken Hill, New South Wales)
- QQQ - Central Australia (Remote Eastern, Southern and Central Australia)
- Tasmanian Digital Television (50% share with WIN Corporation)
- Channel Nine Adelaide (NWS) (Channel Nine station located in Adelaide) (Brought over by WIN Corporation on 30 May 2007)
- MyTalk
Radio stations
Other businesses
- Southern Star Group
- Southern Cross Telecommunications
- Southern Cross Sales
- Southern Cross View
- Southern Cross Syndication
- Southern Cross SMA
- MyTalk.com.au
See also
References
- ^ "WIN buys Channel 9 Adelaide". AAP. theage.com.au. 30 May 2007. Retrieved 30 May 2007.
- ^ "Southern Cross Broadcasting sold for $1.35b". abc.net.au. 3 June 2007. Retrieved 3 June 2007.
- ^ "Letter to shareholders regarding Macquarie Media Group proposed acquisition" (PDF). Southern Cross Broadcasting. 19 June 2007. Retrieved 19 June 2007.
- ^ "Southern Cross falls to Mac and Fairfax". The Australian. 3 June 2007. Retrieved 3 June 2007.[dead link]