Southern Cross Austereo

Southern Cross Austereo

Southern Cross Austereo

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Description:
Macquarie Regional RadioWorks redirects here; not to be confused with the Macquarie Radio Network.
Southern Cross Austereo' (formerly known as Macquarie Southern Cross Media and Southern Cross Media) is an Australian company, owned by Southern Cross Media Group (formerly Macquarie Media Group). The company was previously known as Macquarie Regional RadioWorks, prior to the absorption of the remaining assets of Southern Cross Broadcasting that were purchased by Macquarie Media Group in 2007.

History

The company owns several regional radio stations, as a result of takeovers of stations formerly owned by DMG Radio Australia and RG Capital Radio Network. The company also owns the stations forming the Southern Cross Television and Southern Cross Ten networks around regional Australia and Tasmania, which hold varying affiliations with the Seven Network and Network Ten.

In December 2009, MMG security holders voted in favour of a conversion from a triple-stapled structure to a single ASX-listed company. MMG was renamed Southern Cross Media Group with former RG Capital Radio CEO Rhys Holleran as the Chief Executive Officer.

In March 2011, Southern Cross Media launched a AUD$714m takeover bid of national radio broadcaster, the Austereo Group.Reuters, ACCC allows Takeover Bid,...
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