Nine and Southern Cross Austereo ‘in merger talks’

Tim Burrowes

March 2, 2013 11:52

Nine Entertainment Co – the parent company of the Nine Network – and Southern Cross Austereo – owner of the Today Network, Triple M and the Southern Cross regional TV group – are in merger talks, The Australian has reported.

According to the report, the talks focus on a potential ASX listing of the two groups’ television assets, although it says some of the radio stations could be included in the deal too.

The talks are well advanced, said The Australian, with “detailed discussions that would most likely result in a TV union worth about $4 billion”.

Monday update – SCA released the following statement to the ASX:

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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.

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4 COMMENTS

clive burcham 3 Mar 13

old school…

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Dan 4 Mar 13

That’s interesting. The Australian has this as an exclusive on March 4th

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Simon 4 Mar 13

Got to give it to the old RG capital boys. If they pull this one off, in a mere 10 years, they will have gone from a “player” within the regional radio market, to biggest TV and Radio network in Australia.

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Ben 4 Mar 13

Surely Bruce Gordan wouldn’t let this happen….

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