Southern Cross Media

The tragic death of British nurse Jacintha Saldanha following a hoax call from DJs at 2Day FM reveals just one of the risks of owning radio and TV stations. Southern Cross Media Group, better known these days as Southern Cross Austereo, suspended advertising on 2Day FM for three days and will donate all advertising profits from 2Day FM until the end of the year (or at least $500,000) to 'an appropriate fund that will directly benefit the family of Jacintha Saldanha'. Of greater concern to Southern Cross’s shareholders, at least to their wallets, is the net debt of $610m,...

The tragic death of British nurse Jacintha Saldanha following a hoax call from DJs at 2Day FM reveals just one of the risks of owning radio and TV stations.

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