News Summary:
Southern Cross Media Group Limited reported its financial results for the year ending June 30, 2026, on August 11, 2026, marking the first full year since its merger with Seven West Media. The company announced a decline in ad revenue amid what it described as "difficult" market conditions. Detailed earnings released on August 10, 2026, showed full-year sales reaching AUD 1108.28 million, significantly up from AUD 421.87 million a year prior. Despite this revenue growth, the company posted a net loss of AUD 13.12 million, contrasting with a net income of AUD 9.19 million in the previous year, resulting in a basic and diluted loss per share of AUD 0.036 compared to AUD 0.038 earnings per share a year ago. Previously, on August 6, 2026, Southern Cross Media Group appointed Adrian Goss as General Counsel to its executive leadership team. Goss will lead the Group’s legal strategy, corporate governance, enterprise risk, and commercial legal operations when he commences in October. This followed the August 4, 2026, announcement that Matt Okine and Alex Dyson would bring back their "5 Raves in 5 Days" event as a five-city national tour in October, ten years after their original five-day rave series.
Subscribe for full access to Southern Cross Austereo's products in full detail 
