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Southern Cross Media Group Limited ( (AU:SXL) ) has provided an announcement.
Southern Cross Media Group Limited has completed its scheme of arrangement to acquire all issued shares in Seven West Media, issuing 0.1552 Southern Cross shares for each Seven share and consolidating full ownership ahead of the new shares beginning ordinary trading on 8 January 2026. Following implementation of the scheme, the company has overhauled its leadership, with Jeff Howard assuming the role of Managing Director and CEO, former CEO John Kelly moving to Group Managing Director, Audio, Seven CFO Craig Haskins planning to retire after a transition period while Toby Potter remains interim CFO, and a refreshed board installed under interim chair Kerry Stokes AC, who will hand over to existing director Heith Mackay‑Cruise at the end of February 2026. These changes embed Seven’s leadership into the combined group, clarify the post‑merger governance structure and signal a strategic focus on integrating and leveraging the enlarged media portfolio across television, audio and digital platforms.
The most recent analyst rating on (AU:SXL) stock is a Hold with a A$0.79 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 is one of Australia’s largest diversified media companies, formed through its merger with Seven West Media in January 2026. The group operates across broadcast television, radio and audio, publishing and digital platforms, owning major brands such as the Seven Network and its multichannels, 7plus, 7NEWS.com.au, the LiSTNR digital audio platform, the Hit and Triple M radio networks, and mastheads including The West Australian, The Sunday Times, PerthNow, The Nightly and Roam. Its assets collectively reach tens of millions of Australians each month across TV, sport, news, entertainment and audio, giving the company a market‑leading national footprint in both metropolitan and regional markets.
Average Trading Volume: 648,151
Technical Sentiment Signal: Buy
Current Market Cap: A$188.3M
Learn more about SXL stock on TipRanks’ Stock Analysis page.