Southern Cross Broadcasting - History

History

  • 30 May 2007 - Southern Cross Broadcasting announced its sale of NWS-9 (its Adelaide 9-affiliated TV station) to the WIN Corporation for $105 million.
  • 3 July 2007 - Southern Cross Broadcasting recommended Macquarie Media Group's offer of A$1.35 billion, for a takeover of the corporation. 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. 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.

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