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Business Description: Southern Cross Media Group Limited (SXL) is a media provider which owns and engages in the broadcasting of free to air commercial TV and radio stations across Australia, advertising sales on TV and radio and management of online radio content.
Strategy Analysis: SXL is focused on its core Australian television and radio broadcasting assets. Its key short-term objectives will be to ensure a smooth integration of the Austereo acquisition and the realisation of full synergy benefits.
Southern Cross Media Group reported NPAT of $53.3m for the year ended 30 June 2011. Revenues from ordinary activities were $492.81m, up 21.1% from last year. Diluted EPS was 11.53 cents compared to (23.93) cents last year. Net operating cash flow was $164.6m compared to $101.39m last year. The final dividend declared was 3.0 cents, taking the full year dividend to 10.0 cents compared with 9.7 cents last year.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...
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