SCA’s profit slips as execs get a pay rise

Darcy Song

August 17, 2023 10:16

This article has been updated on 18 August.

Southern Cross Austereo (SCA) has delivered a 12.2% dip in profit to $77.2 million during the 2023 financial year. However, the company’s executives have taken home a decent pay rise.

In its full-year earnings call this morning, the owner of Triple M and Hit networks posted $505.6 million in revenue for the 2023 financial year, a 3.7% decrease from the previous corresponding period.

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Darcy Song

Darcy Song was a reporter at Mumbrella, covering media owners, adtech and social platforms. She left in October 2023.