Southern Cross Media Group Limited (AU:SXL) has released an update.
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Southern Cross Media Group Limited faced a challenging FY24 with a slight decline in revenue and a significant drop in EBITDA. Despite these setbacks, the company leveraged its strong position in key demographics and digital audio markets to improve performance in the latter half of the year, setting a positive momentum for FY25. Strategic moves, including potential asset sales, aim to focus on optimizing their leading radio and digital platforms.
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