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Southern Cross Austereo

SCA to raise $169 million in equity and to aim at saving $45m

Monday 06 April, 2020

SCA has flagged $40M to $45M savings in costs for the next year, and it is hoping to raise $169 million equity in fully underwritten funding in an effort to keep the company operating during the COVID-19 crisis.
 
The interim and final dividends for FY20 will not be paid, and the board expects that no dividend will be paid in FY21.
 

Pacific Star and SCA seek further extensions to their share trading halts

Friday 03 April, 2020

The Pacific Star Network has asked the ASX for a two-week extension to its trading halt.

How is COVID19 affecting the broadcast world as we know it

Friday 03 April, 2020

The extent of the damage COVIC-19 will have on broadcasting is only just beginning to become evident.

Alana McLean joins Ticker TV

Wednesday 01 April, 2020

As Australian business grapples with the coronavirus crisis, Ticker TV is expanding live news and analysis programming, from Monday, launching two extra Live news programs a day, focusing on the business impact from coronavirus.
 
Spotee on Ticker with Elio D’Amato also launches, shining a spotlight on shares during this difficult time, and Ticker Newsroom broadcasts live at 10am as the market opens, and live at 2pm weekdays, in addition to Ticker Today at 8am.
 

Southern Cross Austereo cuts wages and suspends ASX trading

Wednesday 25 March, 2020

Southern Cross Austereo has moved quickly to try and ensure the long term survival of their business and employee livelihoods by cutting wages and implementing a new leave policy.
 
From April all staff earning over $68,000 p/a will be required to take an immediate 10% pay cut for the next six months. This change will not apply to any employees paid an award-based wage and no employee will be required to work overtime during this period.
 
Onair staff have offered their assistance and also reduced their fees and contracts by 10%.

AirCheck now monitors all major DAB+ stations

Tuesday 24 March, 2020

AirCheck has expanded its coverage of digital radio to include all major stations, due to client demand.
 
The addition of a further 29 DAB+ stations completes AirCheck’s digital radio offering, with advertising data across all DAB+ stations owned by ARN, Nova Entertainment and SCA is now available on the online platform.

SCA launches mood targeting and interactive shakeable audio ads

Tuesday 24 March, 2020

Southern Cross Austereo today announced two new digital audio advertising initiatives to help brands find and engage audiences.

SCA calls a halt to trading of ordinary shares

Monday 23 March, 2020

Southern Cross Media has asked the Australian Stock Exchange for a trading halt in respect of its ordinary shares.
 
In a letter to the ASX today, Southern Cross says the halt is necessary for the company to assess the impact of COVID-19 on it’s business, and to make an announcement to the markets about the impact and about the measures that SCA is putting in place to address them.
 
SCA share this morning were trading at 16.5 cents.

Applications open for the Brian White Scholarship

Monday 16 March, 2020

Final year broadcast, media, communications and journalism students and recent graduates from across the country are invited to submit their applications for the 2020 Brian White Scholarship, with the Australian commercial radio industry’s initiative now open for entries.
 

Southern Cross Austereo’s Redwave stations become Hit and Triple M today

Monday 16 March, 2020

SCA’s eight Redwave Media Western Australian radio stations switch over to the Triple M and Hit brands today from 8am this morning.

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