Southern Cross Austereo has just released its financial results for the half year to December 2016,

Net profit (NPAT) up 11.8%, to $48.5 million on revenue of $351.8 million.

There were a couple of abnormal items during the second half of 2016, including a new TV program supply deal with Channel 9 and the acquisition of Authentic Entertainment.

AFTRS Radio Alumni were, once again, successful at the prestigious Australian Commercial Radio Awards.

The Hit Network’s night time hosts Angus O’Loughlin and Emma Freedman will finish with The Hit 30 this week to take up new opportunities within Southern Cross Austereo.

Angus will return to Adelaide to join hit107’s breakfast show with Cat & Amos, while Emma will remain in Sydney to join The Grill Team on Triple M.

Australian Radio Network has appointed Peter Whitehead to the newly created role of Commercial Director - Melbourne.

Peter brings more than 20 years’ experience in media sales to the role. He joins ARN following five years with oOh! Media - the last three years as National Sales Director.

Southern Cross Austereo has announced some key senior leadership structural changes across their regional business effective immediately.

Head of Regional for SCA Rick Renarcic says the changes are part of their continued investment and development of the entire regional management group at SCA.

MCM Entertainment Group Ltd. has concluded a transaction with Southern Cross Austereo Ltd. where SCA acquires its Authentic Entertainment Pty. Ltd. radio production and syndication business and the Vevo premium digital video Australian representation business.

Authentic Entertainment is in buyout talks with Southern Cross Austereo.
 
A spokeswoman for SCA this morning confirmed with Mumbrella negotiations have been ongoing.
 
“We are in discussions with Authentic Entertainment regarding the purchase of their assets,” said the SCA spokeswoman.  
 

Damon Rielly has been appointed General Manager of SCA's Brisbane stations Hit 105 and Triple M, following the departure of Richard Barker on July 15, 2016.

This appointment will see Damon return to SCA, after originally joining the company in 2001 when he quickly worked his way up to become Director of Sales and led both the agency and direct sales teams to ‘Best Station Sales Performance’ awarded by Commercial Radio Australia in 2007.