Southern Cross Media withdraws from discussions with WIN over assets media deal

Miranda Ward

February 20, 2017 9:43

Southern Cross Media Group has withdrawn from discussions to sell its northern NSW TV assets and operations to WIN Corporation and to acquire WIN’s Wollongong radio station.

At the end of January, it was revealed SCA was in discussions with WIN over SCA’s NSW TV assets and WIN’s i98FM Wollongong radio station.

No explanation has been provided over why discussions have ended, with a statement posted to the Australian Securities Exchange this morning stating: “Southern Cross Media Group Limited announces that it has withdrawn from discussions with WIN Corporation for the sales by SCA of its northern NSW television assets and operations to WIN and the acquisition of WIN’s i98FM Wollongong radio station”.

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Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.