Australian Community Media and ARN plan Southern Cross Austereo takeover

Australian Community Media (ACM) chairman Antony Catalano is in talks with ARN Media for a joint bid to take over Southern Cross Austereo (SCA).

One of Australia’s leading media companies, SCA owns 99 stations across Triple M and The Hit Network. The network reaches over 95% of the Australian population through its radio, television, and digital assets.

ARN Media’s portfolio of brands includes KIIS, Pure Gold, CADA, and iHeartRadio, while ACM owns a myriad of regional newspapers and speciality publications, including The Illawarra Mercury, The Newcastle Herald, The Senior and The Land.