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Southern Cross Austereo

Nova makes staff cuts as tough times begin to take a toll

Wednesday 11 December, 2019

More cuts to radio networks have come to light with Nova cutting around 15 staff as it faces tough economic conditions.
 
With SCA expected to release up to 90 staff there will soon be over 100 radio professionals looking for new positions.
 
A NOVA Entertainment spokesperson told radioinfo, “We are operating in a tough economic environment and media companies, like many others, have been impacted. 

SCA refinances debt facilities through to January 2023

Wednesday 11 December, 2019
Southern Cross Media Group Limited (ASX: SXL) has successfully negotiated the refinancing of its syndicated debt facility for a further three years.

SCA advised shareholders today that 
 
The new facilities will comprise a 3-year revolving $435m facility and a 1 year revolving $25 million facility and will be used to repay the existing drawn debt of $325m and provide financial flexibility to support the business going forward.
 

The message to business leaders is advertise or die

Monday 09 December, 2019

A record number of Australia’s media owners have united in a campaign to remind chief executives, chief financial officers and chief marketing officers of the importance of advertising to the long-term sustainability of their businesses.
 

Canberra FM Radio gets a new look

Thursday 05 December, 2019

Canberra FM Radio will rebrand Canberra’s MIX 106.3, integrating the look and feel of the station into Australian Radio Network’s national KIIS Network branding.
 
A joint venture between ARN and SCA, MIX 106.3’s adoption of the KIIS Network logo is part of the continued evolution of Canberra’s most popular radio station.
 

The purge at SCA has begun

Wednesday 04 December, 2019
The redundancies at SCA have begun, with respected MD and programmer Irene Hulme among the first to be shown the door.
 
Irene was part of a restructure at the Hit and Triple M networks in March this year, moving into the role  as Head of Music for the Hit Network and expanding her remit from metro only stations, to the 42 Hit and 4 Hit digital stations.
 

Silly season is here and the changes are coming thick and fast

Tuesday 03 December, 2019

Summer, the time for holidays, the festive season, family vacation and time to throw out your old unwanted radio line-up and try on something new.

SCA have begun to make wholesale changes with anywhere between 50 – 100 redundancies rumoured.

SCA hits more than one million listens for News on Demand

Monday 02 December, 2019

SCA has reached an important milestone, notching up more than one million listens to its digital News on Demand on smart speakers and apps, less than two years after launch.

Nikki Clarkson promoted to a new executive role at SCA

Tuesday 19 November, 2019

Nikki Clarkson has been promoted to the role of SCA's Chief Marketing & Communications Officer. She will also join the SCA executive leadership team.
 
Clarkson’s appointment is the first in a newly expanded leadership team at SCA, with Southern Cross Austereo CEO, Grant Blackley confirming that the new roles of Chief People & Culture Officer and Chief Content Officer would also join the leadership team once appointments are made.
 

AFTRS graduate Brooke Taylor lands at SCA Shepparton

Wednesday 30 October, 2019

AFTRS graduate Brooke Taylor was selected as the recipient of SCA’s Hubble Talent Academy Internship Award.
 
Brooke will travel to Shepparton, Victoria where she will start a six-week paid internship from Wednesday, November 6 at Hit96.9 and 95.3 Triple M and she says, “I am beyond excited to be heading down to Shepparton to work with the team! I can’t wait to get my hands dirty doing everything and anything to learn as much as possible during my time there.
 

SCA to add Redwave Media to its stable of stations

Friday 18 October, 2019
Southern Cross Austereo has advised sharholders that it is about to buy WA’s Redwave Media, with RedFM and Spirit AM stations in Broome, Geraldton, Karratha and Port Hedland and Southwest/Bunbury.
 
The purchase from the Seven West Media Group of $28 million is payable in cash and SCA has told investors that “…the acquisition is expected to be earnings per share accretitive in the current year and to generate a return on invested capital above SCA’s hurdle rate of 8.9%.”

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