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An announcement from Southern Cross Media Group Limited ( (AU:SXL) ) is now available.
Southern Cross Media Group Limited has announced the appointment of Michael Malone as a director effective 7 January 2026, and lodged his initial director’s interest notice with the ASX. According to the filing, Malone holds 157,542 ordinary shares directly and a further 42,370 ordinary shares indirectly via Dew Drops Pty Ltd ATF Zawsze Superannuation Fund, an entity he controls, signalling a material equity stake that aligns his interests with shareholders and underscores his financial commitment to the company.
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 an Australian media company listed on the ASX, operating primarily in broadcast and related media services. It manages a portfolio of media assets and serves audiences and advertisers across Australian markets through its various platforms and channels.
YTD Price Performance: -3.80%
Average Trading Volume: 645,368
Technical Sentiment Signal: Hold
Current Market Cap: A$363.9M
See more data about SXL stock on TipRanks’ Stock Analysis page.