Seven West Media Finalizes Acquisition of Southern Cross Media's Regional TV Assets

Reuters

2025/07/01

Seven West Media Finalizes Acquisition of Southern Cross Media's Regional TV Assets

Seven West Media Limited (ASX: SWM) has announced the completion of its acquisition of television licences and associated assets from Southern Cross Media Group Limited (ASX: SXL). This acquisition includes operations in Tasmania, Darwin, Spencer Gulf, Broken Hill, Mt Isa, and Remote, Central and Eastern Australia. Following this strategic acquisition, SWM solidifies its position as Australia's leading regional commercial television broadcaster. The deal, valued at $3.75 million, is expected to be immediately earnings accretive in FY26. Jeff Howard, SWM's Managing Director and CEO, expressed satisfaction with the completion of this strategically important acquisition that enhances the company's ability to provide regional communities with access to local and national news, sports, and entertainment content on Seven and 7plus.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seven West Media Limited published the original content used to generate this news brief on July 01, 2025, and is solely responsible for the information contained therein.

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