Grant Blackley: profits up 25% but media reform vital to help regional TV ‘fight the tide’

February 22, 2016 3:38

Southern Cross Austereo’s (ASX: SXL) CEO Grant Blackley has played down today’s 25% boost in profits for the regional broadcaster, claiming media reform remains vital if they are to “fight the tide” against them in the regional TV market.

Blackley: media reform is vital is we are to fight the tide.

Blackley: media reform is vital for the long term prosperity of regional markets

“Our radio is performing well but we have enormous resources underpinning that,” Blackley told Mumbrella.

“I think media reform is vital for the long term prosperity of regional markets. We can not disguise the fact that regional television markets are still troublesome and what we are seeing is headlines for all those assets.

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Nic Christensen

Nic Christensen worked for Mumbrella from 2013 to 2016, in roles including deputy editor and media & technology editor. He is former media writer for The Australian and has also worked as a reporter for The Daily Telegraph and senior producer for Radio 2GB.

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