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SCA revenue down by $120m for the full year to June

Thursday 20 August, 2020

SCA’s diversification with its radio portfolio has helped cushion the affects of COVID-19 on revenue for the full year ending June 20.
 
Revenue for the Group was down by 18.2% to $540.2m on the previous year, while the EBITDA was down by 30.9% to $108.2m.
 
Both SCA’s Audio and Television divisions were down by around 18% overall, and while the metropolitan radio advertising revenue declined by 25.3%, regional radio performed a little better although revenue was still down by 13.1% on 2019.

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.

PodcastOne US bought by LiveXLive

Saturday 09 May, 2020

America's PodcastOne has been acquired by LiveXLive in a deal worth US$18.1 million.

April revenue a shocker: How are companies dealing with the pandemic?

Thursday 07 May, 2020

This week several radio industry leaders have given updates on how their companies are going during the COVID-19 pandemic. Steve Ahern examines the evolving business situation.

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.

SCA launches retail share offer to raise equity

Wednesday 15 April, 2020

Southern Cross Media has dispatched a retail offer to eligible shareholders inviting them to participate in a share entitlement offer for fully paid ordinary shares in the company.

The offer is 1.75 for 1 pro rata accelerated non renounceable fully paid shares, at an offer price of 9 cents per share. It closes on Monday 27 April.

Sale imminent for Spirit Radio Bunbury

Thursday 12 March, 2020

As SCA takes control of the Spirit Network in Western Australia, there is one station still left with an uncertain future, Spirit FM in Bunbury, previously known as 6EL on AM 621.

SCA Head of Radio Sales Sydney Carla Vella moves on

Friday 06 March, 2020

Carla Vella, SCA Head of Radio Sales Sydney, has resigned after four years in the role.
 
She and her young family are moving north where Carla has accepted a role as Queensland Sales Director for Shopper Media Group (SMG).
 
SCA National Head of Radio Sales Nikki Rooke praised Carla’s efforts and said she would be missed by colleagues and clients.
 
Recruitment is underway for a new Sydney Head of Radio Sales.

New breakfast team for Hit WA

Thursday 20 February, 2020

Allan Aldworth and Michelle Anderson have been named as the new state wide regional breakfast hosts of Hit Breakfast in Western Australia.
 
Alan comes from Bunbury, where he was hosting his own show, Allan for Breakfast while Michelle is relocating from Brisbane.
 
Tim Arnold, Head of Content for Hot WA says, “There was clear chemistry between Allan and Michelle when we heard their first demo. This is going to be incredibly fun radio for WA.”
 

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.

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