Original article by Dominic White
The Australian Financial Review – Page: 30 : 14-Mar-16

Regional broadcaster Southern Cross Media Group has offered to sell its TV assets to Ten Network during negotiations for a new affiliation agreement. However, Ten chairman David Gordon has ruled out any such deal, saying the metropolitan broadcaster is not interested in buying Southern Cross’s TV stations. Regional broadcasters are facing growing competition from the streaming services offered by metropolitan networks and offshore players such as Netflix.

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TEN NETWORK HOLDINGS LIMITED – ASX TEN, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, NETFLIX INCORPORATED, TRIPLE M CORPORATION PTY LTD, HIT NETWORK, FREEHILLS PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WIN CORPORATION PTY LTD, DEUTSCHE BANK AG, APN NEWS AND MEDIA LIMITED – ASX APN, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS