Southern Cross Broadcasting (Australia) Limited was a diversified Australian media company, that owned and operated a variety of media businesses, primarily in radio and television.
 | |
| Company type | Public |
|---|---|
| Industry | Media |
| Founded | 20 August 1987 |
| Defunct | 5 November 2007 |
| Fate | Acquired |
| Successor | Fairfax Media Macquarie Media Group |
| Headquarters | Melbourne, Australia |
Key people | Tony Bell, Managing Director John Dahlsen, Chairman |
| Products | Television Radio |
| Website | www scb |
History
editTony Bell was managing director of the business between 1993 and 2007, when it was purchased to become Southern Cross Media Group, and retired from the subsequent company's board of directors in 2014.
- September 1998 - Southern Cross Broadcasting announces it will purchase Adelaide's Channel Nine station (NWS-9) for $98 million, which led to redundancies for nearly half of the station's staff.
- May 2001 - It announced a $217 million bid for Telecasters Australia, owner of television stations in regional Queensland, northern New South Wales, Darwin and Remote/Central Australia markets.
- April 2002 - It purchased Spencer Gulf Telecasters, owner of regional South Australia's GTS/BKN stations.
- 30 May 2007 - It announced its sale of Channel Nine Adelaide to WIN Corporation for A$105 million.[1]
- 3 July 2007 - Southern Cross Broadcasting recommended Macquarie Media Group's offer of A$1.35 billion, for a takeover of the corporation.[2] The proposed Scheme is subject to approval by SCB shareholders at a Scheme Meeting expected to be held in October 2007.
- 3 July 2007 - If the sale to Macquarie Media Group is successful, MMG have a separate arrangement directly with Fairfax Media to on-sell to them Southern Cross Broadcasting's radio assets, as well as the Southern Star Group, Satellite Music Australia and their digital media businesses.[3] Only Southern Cross's television stations would remain with Macquarie Media Group. Conversely, Fairfax's radio assets would become part of Maquarie.
- 5 November 2007 - The company's assets were officially acquired by the Macquarie Media Group.[4]
Assets
editTelevision stations
edit- Southern Cross Ten
- CTC - Australian Capital Territory/Southern NSW (Canberra)
- GLV/BCV - Victoria (Bendigo, Ballarat, Gippsland, Albury-Wodonga)
- NRN - Northern NSW/Gold Coast QLD (Newcastle, Central Coast, North Coast, Northern Rivers, Gold Coast)
- TNQ - Queensland (Toowoomba, Mackay, Rockhampton, Townsville, Cairns)
- SGS/SCN - South Australia (Spencer Gulf region of South Australia and Broken Hill, New South Wales)
- Southern Cross Television
- TNT - Tasmania (Hobart and Launceston)
- TND - Northern Territory (Darwin)
- GTS/BKN - South Australia (Spencer Gulf region of South Australia and Broken Hill, New South Wales)
- QQQ - Central Australia (Remote Eastern, Southern and Central Australia)
- Tasmanian Digital Television (50% share with WIN Corporation)
- Channel Nine Adelaide (NWS) (Channel Nine station located in Adelaide) (Purchased by WIN Corporation on 30 May 2007)
- MyTalk
Radio stations
editOther businesses
edit- Southern Star Group
- Southern Cross Telecommunications
- Southern Cross Sales
- Southern Cross View
- Southern Cross Syndication
- Southern Cross SMA
- MyTalk.com.au
See also
editReferences
edit- ^ "WIN buys Channel 9 Adelaide". The Age. Australian Associated Press. 30 May 2007. Retrieved 30 May 2007.
- ^ "Southern Cross Broadcasting sold for $1.35b". abc.net.au. 3 June 2007. Retrieved 3 June 2007.
- ^ "Letter to shareholders regarding Macquarie Media Group proposed acquisition" (PDF). Southern Cross Broadcasting. 19 June 2007. Retrieved 19 June 2007.
- ^ "Southern Cross falls to Mac and Fairfax". The Australian. 3 June 2007. Archived from the original on 9 November 2007. Retrieved 3 June 2007.