Media M&A frenzy continues with Southern Cross interest

Media M&A frenzy continues with Southern Cross interest
Southern Cross Media Group was credited with an interest in buying MediaWorks. (Image: NZME)
Daniel Dunkley
Southern Cross Media Group, an Australian business credited with an interest in buying MediaWorks, is at the centre of fresh takeover interest across the Tasman.Speculation surrounding the radio and TV broadcaster has recently grown after a mystery buyer snapped up a 4.47% stake, with major shareholder Allan Gray offloading a sizable holding on Wednesday.Investment bank Jarden Group has been appointed to buy up shares on behalf of the mystery buyer, The Australian reported.The new stakeholder emerges as two parties, ARN Media – backed by...

More Media

Spark bags $47m after accepting ‘low ball’ offer for Hutchison shares
Markets

Spark bags $47m after accepting ‘low ball’ offer for Hutchison shares

Spark has realised A$43 million (NZ$47m) from the sale of its 10% stake in Hutchison Telecommunications Australia (HTA) – after accepting an offer that a minority HTA shareholder called “lowball”.The telco said the transaction would close in July, with the funds used to reduce de...

Staff reporters 23 Jun 2025
Review: End of Summer Time by Roger Hall
The Life Free

Review: End of Summer Time by Roger Hall

It’s a fitting, funny, and unexpectedly moving production.

Dalaine Krige 22 Jun 2025
Steven Joyce, Jim Grenon join NZME board
Markets

Steven Joyce, Jim Grenon join NZME board

Joyce had 93% shareholder support, Grenon 86%.

Pattrick Smellie 03 Jun 2025
Stuff/TradeMe go head to head with NZME
Property

Stuff/TradeMe go head to head with NZME

The marriage of online advertising portals with news producers continues.

Pattrick Smellie 03 Jun 2025