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Southern Cross Austereo cuts wages and suspends ASX trading

Wednesday 25 March, 2020

Southern Cross Austereo has moved quickly to try and ensure the long term survival of their business and employee livelihoods by cutting wages and implementing a new leave policy.
From April all staff earning over $68,000 p/a will be required to take an immediate 10% pay cut for the next six months. This change will not apply to any employees paid an award-based wage and no employee will be required to work overtime during this period.
Onair staff have offered their assistance and also reduced their fees and contracts by 10%.

SCA will outsource all transmission services

Tuesday 06 August, 2019

Southern Cross Austereo will outsource all of its radio and television broadcast transmission services to Broadcast Australia.

APN results: Breakfast and Drive key to success

Thursday 25 February, 2016

APN News & Media Limited  has released its full year results for 2015, posting a full-year loss.

Group revenue was up 1% to $850.0m (down 1% on a constant currency basis), but APN's radio operations were the best performers in the company portfolio.

The company says it plans to sell its regional newspapers to improve profits.

Financial highlights include:

SCA announces revenue growth

Monday 22 February, 2016

Southern Cross Austereo has released the 2016 Half Year results showing a 25% leap in profits.

"We're delighted that we've been able to accelerate the balance-sheet repair and get to a position where the company is financially sound," Mr Blackley, who joined Southern Cross in June, told Fairfax Media.

Highlights included:

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