Southern Cross Austereo bucks media trend as profit rises

February 23, 2017 9:27

Southern Cross Austereo has reported a jump in revenue of 9.2% on the back of its affiliate deal with Nine, with revenue topping $351.79m for the first half of the financial year.

CEO Grant Blackley said Nine affiliate deal continued to deliver positive results

The strong result, in what has been a weak advertising market, saw the TV and radio broadcaster report a net profit after tax of $48.48m, up 11.8% on the December half.

Earnings before interest, tax, depreciation and amortisation rose 1.3% to $92.6m.

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Simon Canning

Simon Canning was Mumbrella's marketing and advertising editor from 2015-2017. In a career spanning journalism and communications over more than 30 years Simon has become one of Australia’s most respected analysts and commentators on the advertising, marketing and media industries. A regular commentator on radio and TV, Simon has also worked in media in the US and UK .

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