On November 10, 2025, Sandon Capital Investments Limited stated that it is opposing the proposed merger of Southern Cross Media Group Ltd with Seven West Media Ltd due to concerns about 1) lack of a shareholder vote on the merger, 2) the declining television advertising market, which both Seven West Media Ltd and competitor Nine Entertainment acknowledged in their annual general meeting updates, 3) Sandon Capital describes the merger as diworsification, implying it would reduce shareholder value. In addition, Sandon Capital recommended the shareholders of the Company to vote for the removal of all non-executive directors, vote for a constitutional amendment that would prevent the company from issuing more than 25% of its shares without prior shareholder approval, enable shareholders to vote on the proposed merger if the amendment passes.
Southern Cross Media Group Limited is an Australia-based media company. The Company is engaged in the creation of audio content for distribution on broadcast (AM, FM and DAB radio) and digital networks. Its three main operating segments includes broadcast radio, comprising metro and regional radio, and other related businesses; digital audio, and television, comprising the regional television business. The Company owns over 99 stations across FM, AM, and DAB+ radio. It provides national sales representation for 34 regional radio stations. It broadcasts over 93 free to air TV signals across regional Australia with Ten Network programming and advertising representation across regional QLD, southern NSW and regional Victoria, Seven Network in Tasmania, Seven and Ten in Darwin, Remote Central and Eastern Australia, and Seven, Nine and Ten in Broken Hill and Spencer Gulf. The Company operates LiSTNR, which is a free audio destination for consumers housing radio, podcasts, music, and news.
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
