Southern Cross Austereo’s ASX surge proves to be one day wonder

Tim Burrowes

February 12, 2026 5:05

Wednesday’s market positivity around Southern Cross Austereo was short lived. After rising by 3.8% on the revelation of solid audio numbers alongside poor TV numbers, SCA lost 4.4% today to land on a market capitalisation of $308m.

It was a similar story across the broadcast sector with ARN Media losing another 3.3% to hit yet another all-time low market capitalisation of just under $110m. Nine lost 1.7%.

While the wider ASX All Ordinaries was flat on Thursday, the Unmade Index closed down 1.61% for the day, on 434.4 points.

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.