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Seven West Media Limited ( (AU:SWM) ) has shared an update.
Southern Cross Media Group Limited (SCA) has received approval from the Australian Communications and Media Authority (ACMA) for its proposed acquisition of Seven West Media Limited (SWM). This approval satisfies a key condition for the merger, which is set to proceed following the satisfaction of other customary conditions. SCA has committed to potential divestments and regulatory reforms to retain existing broadcasting licenses. The merger aims to strengthen SCA’s market position, with SWM’s scheme meeting scheduled for December 22, 2025.
The most recent analyst rating on (AU:SWM) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Seven West Media Limited stock, see the AU:SWM Stock Forecast page.
More about Seven West Media Limited
Southern Cross Austereo (SCA) is a leading media company in Australia, known for its digital audio app LiSTNR, and the Hit and Triple M networks. The company offers a wide range of digital audio content, including radio stations, sports coverage, music playlists, and podcasts, reaching an estimated eight million people monthly. SCA owns 104 radio stations and provides national sales representation for 56 regional stations, boasting more than nine million listeners across its networks.
Average Trading Volume: 1,100,797
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$200.1M
Learn more about SWM stock on TipRanks’ Stock Analysis page.