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Southern Cross Media

Challenging trading conditions: Max Moore-Wilton at SCA AGM

Wednesday 22 October, 2014
Southern Cross Media made a Net Loss After Tax of $296 million, but the poor result was significantly impacted by non-cash impairment charge of $393 million to account for the decline in viewing of the company's Channel Ten affiliated regional tv network.

As reported previously, with the impairment charges removed, Net Profit After Tax (before significant items) was $80 million. The board declared a final fully-franked dividend of 3 cents per share, making dividend payments 7.5 cents per share for the full year.

SCA CFO Peter Lewis resigns

Thursday 17 July, 2014

A statement to the Stock Exchange this morning has confirmed that recently appointed Southern Cross Media Chief Financial Officer Peter Lewis has resigned.

Lewis was recently criticised by ABC Friends for conflict of interest, after taking on the SCA role so soon after getting access to behind the scenes corporate data about the ABC and SBS, as part of his review of the national broadcasters.

Tony Bell resigns from Southern Cross Media board

Thursday 26 June, 2014

Southern Cross Media Group’s non-executive director Tony Bell has resigned from the SCMG Board effective from the end of this financial year, 30 June 2014.
In acknowledging Mr Bell’s contribution to the company, SCMG Chairman Max Moore-Wilton said, in a statement to the stock exchange:
“On behalf of the SCMG Board and management, I thank Tony for the valuable contribution he has made over the past six years and I wish him well in retirement.”

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