HT&E Ltd (AU:A1N) has released an update.
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Southern Cross Media Group Limited has addressed inaccuracies in a recent Australian Financial Review article concerning its contract with Australian Traffic Network. The company confirms that the contract, which involves a significant up-front payment and a long-term agreement for traffic reports, remains unaffected by potential changes in control. Additionally, Southern Cross Media clarifies that the contract does not impact its ongoing negotiations to sell television assets.
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