Founded November 2007 | ||
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Owner Macquarie Bank (unknown)Nine Entertainment Co. (9.9%)Others (5.8%) Website southerncrossaustereo.com.au Stock price SXL (ASX) A$ 1.37 +0.02 (+1.48%)28 Mar, 4:10 PM GMT+11 - Disclaimer Subsidiaries Southern Cross Austereo, Macquarie Media Trust | ||
Southern Cross Media Group (formerly Macquarie Media Group) is one of Australia's major media companies. On 3 July 2007 Southern Cross Broadcasting recommended Macquarie Media Group's offer of A$1.35 billion, for a takeover of the corporation. Under the deal, Macquarie Media Group will then on sell the metropolitan radio stations to Fairfax Media. On 5 November 2007, the company officially acquired Southern Cross Broadcasting's assets. On 17 December 2009 shareholders approved a restructuring plan. The company was then renamed from Macquarie Media Group to its current name on 17 December 2009.
In March 2016, Macquarie Group sold a 15.7% stake in Southern Cross Media worth $130 million, and of that 9.9% was purchased by Nine Entertainment Co., the owner of the Nine Network.
Southern Cross Media Group head office (ASX registered) is located at Level 2, 257 Clarendon Street, South Melbourne, VIC, Australia, 3205.