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Grant Blackley

$50 million to support regional news

Monday 29 June, 2020

107 regional publishers and broadcasters who applied to the Public Interest News Gathering (PING) Program will receive a share of $50 million in funding committed to support regional news services in 2020-21. 
 
Of the 107 eligible applicants, there are 13 for radio, 92 publishers and five for television. Three applicants were successful across two streams.

To build brand love you need brand safety

Thursday 18 June, 2020

Over the past few months of lockdown, audiences have been forming new consumption habits.

As advertisers adapt to the changes, a new report from GroupM reminds marketers and advertisers to remember brand safety.

We examine the report and also talk to SCA CEO Grant Blackley about brand safety.

A brand safe environment is "critical for all advertisers," according to Blackley.

Southern Cross Media completes its capital raising

Wednesday 06 May, 2020

Southern Cross Media has successfully completed its equity raising, giving it an expanded war chest of $169 million to see it through the Corona virus crisis.

In an announcement to the stock exchange today, SCA said it used the 'class waiver' that has been made available during the pandemic to allow companie to move quickly on extra share placements.

Southern Cross Austereo will make more staff cuts this week

Wednesday 29 April, 2020

SCA will stand down or reduce working hours for a number of employees this week as it makes more strategic moves to survive the ecomomic damage of the coronavirus pandemic.
 
In an email to staff, CEO Grant Blackley said the company has assessed the workload requirements of the business.

SCA to raise $169 million in equity and to aim at saving $45m

Monday 06 April, 2020

SCA has flagged $40M to $45M savings in costs for the next year, and it is hoping to raise $169 million equity in fully underwritten funding in an effort to keep the company operating during the COVID-19 crisis.
 
The interim and final dividends for FY20 will not be paid, and the board expects that no dividend will be paid in FY21.
 

Southern Cross Austereo’s Redwave stations become Hit and Triple M today

Monday 16 March, 2020

SCA’s eight Redwave Media Western Australian radio stations switch over to the Triple M and Hit brands today from 8am this morning.

Bunbury station sale expected soon, the future for 2Day More Music format: SCA's Grant Blackley

Thursday 20 February, 2020

Speaking to radioinfo this morning, after announcing SCA’s half year results Grant Blackley says negotiations are well under way for the sale of the Bunbury licence the company acquired from Redwave Media.

SCA revenue down, Redwave purchase increases debt: Half year results

Thursday 20 February, 2020

SCA has delivered its half year results for the second half of 2019, with group revenue down by 8.2%.

The fall reflects the guidance given in October about a tougher advertising market, which triggered some job losses at the time and dropped the share price from $1.15 to 88 cents.

SCA rebrands Redwave Media Western Australia stations

Wednesday 19 February, 2020

The eight Redwave Media Western Australia brands that SCA acquired last year have been rebranded to the Triple M and Hit brands.

Commercial Radio wants a nationwide roll out of DAB+ for emergencies

Friday 14 February, 2020

Commercial radio stations are calling on the Federal Government to spend $80 million in an accelerated roll-out of DAB+ technology.

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