SCA enters voluntary trading suspension

March 25, 2020 9:44

Southern Cross Austereo (SCA) has become the second media business to enter a voluntary suspension, following its trading halt earlier this week.

The business announced to the Australian Securities Exchange (ASX) this morning that trading would be suspended until Friday 3 April.

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Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

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4 COMMENTS

Feddie 25 Mar 20

And staff take paycuts……….

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Jim 25 Mar 20

Given most of their business is centred around broadcast & drive-time, no doubt they are taking big hits… rough times for traditional media.

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not the same 25 Mar 20

Agree re Radio, but all the stats I’ve seen show broadcast audiences are up around the country. Audiences are there.

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Yikes 25 Mar 20

This issuing to play out quicker than you think.

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