Original article by Darren Davidson
The Australian – Page: 19 : 17-Jul-14

Analysts are concerned Australian-listed Southern Cross Media (SXL) may soon breach its banking covenants. Peter Lewis, who was appointed CFO in mid-June, has resigned just one month later, and the company is believed to be considering a share issue. Its stock on 16 July closed $A0.01 higher at $A1.16, but has lost 31% so far in calendar 2014. There is speculation that if Communications Minister Malcolm Turnbull changes media competition laws, SXL will cut its affiliate ties with Ten Network and merge with the latter’s Nine Entertainment rival. SXL has been affected by declining audience ratings for its and radio and regional TV stations

CORPORATES
SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, 2DAY FM AUSTRALIA PTY LTD, AUSTEREO GROUP LIMITED, AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS), AUSTRALIA. DEPT OF COMMUNICATIONS, WIN CORPORATION PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, FACEBOOK AUSTRALIA PTY LTD, MACQUARIE WEALTH MANAGEMENT