Southern Cross Austereo shares climb

BY 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.

Tim Burrowes

I write about the world's media and marketing industry from an Australian perspective Australian lens. I've worked in the UK, Middle East, Asia & Australia. I founded Mumbrella, which we sold in 2017.