SCA Chairman retires as ARN takeover looms

Southern Cross Media Group chairman Rob Murray has moved forward his planned retirement to today, as the ARN takeover bid continues to ruffle feathers.

Murray’s departure comes six months earlier than previous announced. SCA announced today that the board will not appoint any new directors this financial year.

“The Consortium’s revised proposal, which offers an increase in the total consideration for all SCA shareholders, provides an opportunity for me to bring forward my retirement,” Murray wrote in a statement.