Southern Cross Media Group
"Macquarie Media Group" redirects here. For the unrelated company formerly operating as
Macquarie Radio Network, see
Macquarie Media.
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]
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 Co., the owner of the Nine Network.[6][7]
Assets
- Southern Cross Ten
- CTC - Australian Capital Territory/Southern NSW (Canberra, Wollongong, Wagga Wagga, South Coast)
- GLV/BCV - Victoria (Bendigo, Ballarat, Gippsland, Albury-Wodonga)
- NRN - Northern NSW/South East QLD (Newcastle, Central Coast, North Coast, 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)
References
External links
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| | Property: |
- Macquarie Countrywide Trust
- Macquarie DDR Trust
- Macquarie Direct Property
- Macquarie Goodman Group
- Macquarie Office Trust
- Macquarie Pacific Star
- Macquarie Prologis Trust
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