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Revenue down but profit up for SCA in half year results

Thursday 25 February, 2021
No final dividend paid.

As reporting season continues, Southern Cross Media Group has reported a 16% drop in revenue for the half year ended December 31st.

Net profit from ordinary activities after tax (excluding significant items) was up 22%.

The company's dividend reinvestment plan has been suspended in response to the tough conditions resulting from the covid pandemic. Financial figures in the stock exchange filing show that SCA received about $40 million in government grants during the second half of last year.

Tothill and Johnson promoted as part of SCA's digital audio strategy

Tuesday 23 February, 2021

Last week SCA CEO Grant Blackley told radioinfo that the company is moving towards a 'digital audio first' strategy.

As part of that strategy, the company has announced two changes at the top of the leadership team, following the launch of its new platform LiSTNR.

New breakfast talent has big shows to fill

Friday 15 January, 2021

On Monday SCA launches two big breakfast shows that could change its fortunes – hopefully for the better.
 
After seven years of bad luck in trying about as many breakfast shows to replace the listeners that “you know who took to you know where,” 2Day-FM  is ready to fire what looks to be its best shot yet with a solid trio of established radio talent in Dave Hughes, (centre) Ed Kavalee and Erin Molan.

2021 will be 2020FUN for SCA says Dave Cameron

Monday 07 December, 2020

Dave Cameron explains the strategy behind the changes to Peter Saxon.

Sam Cavanagh talks about audio, podcasting and his new job

Sunday 01 November, 2020
Sam Cavanagh , SCA's Head of Entertainment and News Content for Digital Audio, talks to radioinfo’s Steve Ahern about podcasting, SCA's on-demand audio strategy and monetising audio.

Marc Eddy appointed acting GM at SCA Perth

Thursday 29 October, 2020

SCA Perth has appointed Marc Eddy as Acting General Manager, replacing Erica McGee.

Eddy, who has been with SCA since 2008 as Audio Operations Manager for WA and SA, now takes on a dual role.

Outgoing Acting General Manager Erica McGee is "thrilled to hand the reins to someone as capable as Marc. We’ve worked together successfully over many years and my respect for him is unwavering – I have no doubt he will step into the role successfully.”

Australia’s regional media companies unite for urgent regulatory change

Sunday 11 October, 2020

Australia’s leading regional media organisations have united to fight for urgent reforms to "outdated and obsolete laws that put the future of local media at risk and threaten to leave 9.2 million regional Australians without local news services."

Some radio salaries will return to normal next month

Thursday 17 September, 2020

After a tough few months of stand-downs, redundancies and restructuring, where many radio industry staff in all sectors have lost their jobs, some stations are planning to return salaries to normal as advertising slowly increases and sentiment begins to turn around.

Today the nation's unemployment figures improved, showing some signs of green shoots as Australia begins to regain control on the pandemic.

SCA's Dave Cameron answers our questions about the axeing of local breakfast shows

Wednesday 26 August, 2020

It’s a massive irony that while radio listener numbers have increased strongly during the pandemic, revenue has fallen off a cliff.

In the June quarter, just gone, revenue for the radio sector was down nationally by a staggering 46.62%, or $99.644 million compared to the same period last year.

Big changes for Hit network regional breakfast shows from Monday

Thursday 20 August, 2020

SCA has announced that it will introduce statewide breakfast shows across its national Hit Network of regional stations from Monday 24 August, with some announcers losing their jobs.

The Hit Network stations in Western Australia have already successfully adopted this approach with a statewide breakfast show airing weekdays, and now, the rest of the regional network in NSW, Victoria, Queensland and South Australia will follow with the exception of Newcastle, the Gold Coast and Hobart stations.

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