Southern Cross Media’s push from broadcast radio into digital listening faces a tougher fight as big global platforms spend more and the cost of standout shows rises. With most easy cost cuts already taken, any slowdown in advertising or pricing power could squeeze profits faster than many expect.Read more
Southern Cross Media is pushing hard into streaming and podcasts through LiSTNR, betting that more listeners and higher-value digital ads can lift profits without a big jump in costs. The upside depends on ad demand staying healthy and the company continuing to turn its audience strength into stronger revenue, while managing the risks of a choppy ad market and reliance on its main lending facility.Read more
Southern Cross Media Group is betting that listeners keep moving from traditional radio to its streaming and podcast apps, while strict cost control helps more of each new advertising dollar drop to the bottom line. The upside comes with big “what ifs” around ad-market swings, tougher competition for attention, and whether cutting costs starts to hurt content and sales over time.Read more
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Southern Cross Media Group Limited, together with its subsidiaries, creates audio content for distribution on broadcast and digital networks in Australia. It operates in three segments: Television, Audio, and Publishing. The company owns 104 radio stations in FM, AM, and DAB+ radio under the Triple M and Hit network brands and provides, as well as 56 regional radio stations; operates LiSTNR, an audio app for sports, podcasts, music, radio, and news; and offers sales representation for open audio platform SoundCloud and Sonos Radio. It also produces and operates commercial television programming and stations as well as distribution of programming content across platforms; commercial radio stations across metro, regional and digital, and other related businesses. In addition, the company publishes newspapers and insert magazines in Western Australia; Colourpress; Digital publishing, West Australian Publishers and Perth Now. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited was incorporated in 2005 and is based in Melbourne, Australia.
