Original article by Darren Davidson
The Australian – Page: 19 : 25-Oct-17
Southern Cross Austereo has advised that revenue fell by two per cent year-on-year in the September 2017 quarter, due to the sale of a TV station in northern New South Wales. The group’s revenue was seven per cent lower on a reported basis, and its metropolitan radio stations posted a revenue decline of six per cent. However, its regional radio stations reported revenue growth of two per cent, and regional TV revenue was 3.5 per cent higher.
SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, SOUTHERN CROSS AUSTEREO PTY LTD, PODCASTONE, HIT NETWORK, TRIPLE M CORPORATION PTY LTD, NINE NETWORK AUSTRALIA LIMITED