- 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.
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,... Read More