The story
On 3 July 2007 Southern Cross Broadcasting recommended Macquarie Media Group's offer of A$1.35 billion, for a takeover of the corporation. Under the deal, Macquarie Media Group would then onsell the metropolitan radio stations to Fairfax Media. On 5 November 2007, the company officially acquired Southern Cross Broadcasting's assets. On 17 December 2009 shareholders approved a restructuring plan. The company was then renamed from Macquarie Media Group to its current name on 17 December 2009.
In March 2016, Macquarie Group sold a 15.7% stake in Southern Cross Media worth $130 million, and of that 9.9% was purchased by Nine Entertainment, the owner of the Nine Network. Nine sold this stake in the business six months later.
Following Seven West Media's acquisition of Southern Cross Austereo's remaining television assets in July 2025 and SCA's exit from television, Seven West and Southern Cross Media announced their intention to merge by early 2026. The merger was completed on 7 January 2026. Seven West Media's CEO Jeff Howard lead the merged companies as CEO and Manager Director until late February 2026, with Southern Cross Chairman Heith Mackay-Cruise succeeding Kerry Stokes as group Chairman.
From Wikipedia’s article on Southern Cross Media Group, shared under CC BY-SA 4.0.4