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Nine Entertainment sells stake in Southern Cross Media

September 30, 2016 9:13

Nine Entertainment Co. has sold its stake in Southern Cross Media Group for $1.54 per share.

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The company has sold its entire 9.99% stake in the company after acquiring it in March this year at a price of $1.15 per share.

The sale follows on from the two companies entering into a five-year regional television affiliate agreement commencing on July 1.

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Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

Topics
Media Nine sale shares Southern Cross media
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