Southern Cross Austereo has slightly downgraded its earlier advice to investors as to profit.

Earnings before interest, tax, depreciation and amortisation (EBITDA), it told the ASX in a statement, is now expected to come in at around $168 million, down from between $177 – $183 million.

SCA shares fell by 7c, to $1.22 on the news of the downgrade.

In its statement to the ASX the media organisation blamed the fall on softer than expected sales in television and metro radio markets – although regional radio continues to grow but at a slower rate than recent years. 

Details of the sale of some television assets to Bruce Gordon’s WIN Corp have also been confirmed.

WIN will pay SCA a total of $55m over 12 months for a footprint covering a triangular region from Newcastle to the Gold Coast and out to Tamworth.