Market rewards SCA as audio business outperforms its new TV sibling

Tim Burrowes

February 11, 2026 5:18

Southern Cross Austereo finally had a good day on the Unmade Index with bad news from the TV arm of the company trumped by further progress from the audio part of the business before the two parts merged.

SCA – owner of the Triple M and Hit radio networks along with digital platform Listnr – merged with Seven West Media at the end of the year.

Today’s announcement for SWM covered almost the entire first half of the financial year up to the merger. It was released as part of an ASX update from the Stokes family-controlled conglomerate SGH which now owns 20% of SCA.

In the worst result in its history, SWM saw its profits and revenue fall by 2% and 5% respectively for its final half year as a listed company.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.