BRIEF-Southern Cross Media Group Says Seven West Media To Acquire Co's Remaining TV Assets

Reuters
06 May
BRIEF-Southern Cross Media Group Says Seven West Media To Acquire Co's Remaining TV Assets

May 6 (Reuters) - Southern Cross Media Group Ltd SXL.AX:

  • SEVEN WEST MEDIA TO ACQUIRE SCA'S REMAINING TV ASSETS

  • OVERALL PROCEEDS TO BE RECEIVED BY SCA ARE A$3.75 MILLION IN UPFRONT CONSIDERATION

  • ESTIMATED CONSIDERATION FROM SALE OF SCA'S TELEVISION ASSETS IS, IN AGGREGATE, IN RANGE OF A$19 TO A$24 MILLION

Further company coverage: SXL.AX

((Reuters.Briefs@thomsonreuters.com;))

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