‘The article contains several factual inaccuracies’: SCA slams AFR for misleading article

December 5, 2024 11:23

In an announcement made to the ASX on Thursday morning, Southern Cross Austereo (SCA) has slammed the Australian Financial Review for an article published overnight that “contains several factual inaccuracies”.

The article, published on Wednesday evening, described SCA’s eight-year-old contract with the Australian Traffic Network (ATN) as a “so-called poison pill” that “contains a slew of clauses that are proving to be unpalatable to suitors”.

The article delves into the clauses, including a change of control payment and disclosure failures, as well as other “headaches” that are preventing any bidders.

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Lauren McNamara

Lauren McNamara is a freelance journalist. She previously spent three years at Mumbrella, most recently as the associate editor. She left her staff role in August 2025.