An article published in today’s Australian Financial Review is “completely inaccurate” according to SCA’s Grant Blackley.
 
The article comments on Southern Cross Media’s half yearly report, criticising a graph showing comparative total metro network listening across the various commercial networks.
 

Southern Cross Media Group revenue has grown by 6.7% in the first half of this financial year.

Radio revenue growth and strong cost control resulted in earnings (EBITDA) of $82 million for the first half.

Net Profit (NPAT) grew 10.6% to $42.2 million, in results announced this morning.

Group revenue was up 0.2% to $335.7 million and debt has been significantly reduced.

The company's audio segment (metro & regional radio and podcasting) delivered a 3.7% growth in revenue and over 7.3% profit growth

Southern Cross Austereo today announced the results of its 24th annual Give Me 5 for Kids fundraiser, this year raising a record-breaking $3,625,037.

The Kennedy Molloy Drive program will be heard on Triple M in Brisbane and on the Gold Coast beginning early next year.
 
The current Rush Hour with Luke Bradnam and Ben Dobbin will finish in December with its hosts told this week that their contract wouldn’t be renewed for the new year.
 

Speaking to radioinfo after the release of his company’s annual report, SCA CEO Grant Blackley said the company’s business strategy is working.

Like most things, from hotels and restaurants to appliances and financial products, radio networks are star-rated by consumers online.

Brisbane's HIT105 and Triple M are moving premises.

Analysis and opinion from Brad Smart

 

Southern Cross Austereo CEO Grant Blackley has been championing regional media advertising for some time, especially compared with digital and social media (see our previous reports).