Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Southern Cross Media Group Limited ( (AU:SXL) ) has issued an update.
ARN Media Limited and its related entities have ceased to be substantial shareholders in Southern Cross Media Group after an on-market sale of 7,196,974 fully paid ordinary shares on 22 January 2026, for approximately A$4.8 million. The divestment reduces ARN Media’s voting power below the substantial holding threshold, marking a notable change in Southern Cross Media’s share register that may affect perceptions of potential strategic alignments or consolidation between the two media groups but does not, on its face, alter day-to-day operations at Southern Cross.
The most recent analyst rating on (AU:SXL) stock is a Hold with a A$0.75 price target. To see the full list of analyst forecasts on Southern Cross Media Group Limited stock, see the AU:SXL Stock Forecast page.
More about Southern Cross Media Group Limited
Southern Cross Media Group Limited (ASX: SXL) operates in the media and broadcasting industry, with a core focus on radio and related audio services across Australian markets. The group’s operations are closely watched by investors given its role in the competitive commercial radio and media landscape, where ownership changes can signal shifts in strategic control and industry consolidation dynamics.
Average Trading Volume: 789,470
Technical Sentiment Signal: Sell
Current Market Cap: A$335.1M
Learn more about SXL stock on TipRanks’ Stock Analysis page.