- 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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