Southern Cross Austereo shares climb

Tim Burrowes

March 4, 2013 6:50

Shares in Southern Cross Austereo today closed at their highest level in more than a year after it was revealed that the company was in talks with Nine Entertainment Co to merge their TV assets.

SCA share price | Source: Google Finanace

SCA share price | Source: Google Finance – 12 months

The share price rose to 1.58, up three per cent on Friday’s close and valuing the company – which owns the Southern Cross TV network and Today FM and Triple M radio networks.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.