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Southern Cross Media Group Limited ( (AU:SXL) ) just unveiled an update.
Southern Cross Media Group Limited (SCA) has announced a Scheme Implementation Deed with Seven West Media to form a comprehensive Total TV and Audio platform. This strategic move is expected to enhance SCA’s market position by integrating TV, audio, and digital services, potentially benefiting shareholders and the investment community by expanding the company’s reach and capabilities in the media industry.
The most recent analyst rating on (AU:SXL) stock is a Sell with a A$0.65 price target. To see the full list of analyst forecasts on Southern Cross Media Group Limited stock, see the AU:SXL Stock Forecast page.
More about Southern Cross Media Group Limited
Southern Cross Austereo (SCA) is a leading Australian media company known for its LiSTNR digital audio app, which provides a wide range of digital audio content including FM, AM, and DAB+ radio stations, sports coverage, music playlists, local news, and podcasts. SCA operates 104 radio stations under the Triple M and Hit network brands and offers national sales representation for 56 regional radio stations, reaching over 9 million listeners across Australia.
Average Trading Volume: 261,596
Technical Sentiment Signal: Buy
Current Market Cap: A$200.3M
Learn more about SXL stock on TipRanks’ Stock Analysis page.