Southern Cross Media Group
Stock Code
Stock Exchange
Southern Cross Media Group (SXL), formerly Southern Cross Media Group) invests in media and owns two major assets: Macquarie Southern Cross Media - Radio and Television and a number of American local newspapers through 100% ownership of American Consolidated Media (ACM). MMG's investment mandate is wide, requiring investments to be media assets with stable earnings and cash flow, strong market positions, barriers to entry and potential for further earnings improvement. MMG is externally managed by MMML for a Base and Performance fee.
Southern Cross Austereo (ASX:SXL) have released its first half report for FY 2013 to shareholders, traders and investors.
- Southern Cross Austereo net profit was $45.1 million, down 52 percent from $94 million in the previous corresponding period.
- The company was notably in the centre of a prank call scandal involving its 2DAYFM network, which resulted in a suicide and consequently advertisers exited the network.
Australian radio broadcaster and TV producer, Southern Cross Media (ASX:SXL) have released their full year financial results for FY 2012 to the ASX stockmarket.
- Southern Cross Media Full Year net profit of $95.02 million, up 48 percent on the previous year net profit of $64.06 million.
- It was the first full 12 month period after the acquisition of the Austereo group (which includes Triple M and 2DayFM) in May 2011.
Read up on the dividend history for SOUTHERN CROSS MEDIA GROUP LIMITED. Dividends are payments made by a public company to its shareholders. It is a portion of corporate profits paid out to stockholders. You are eligible to receive SXL dividends if you own the SOUTHERN CROSS MEDIA GROUP LIMITED shares on the ex-dividend date. Investors and traders must purchase the stock before the exdividend date to be entitled to the dividend. The previous owner of the shares will receive the SXL dividend if you buy the stocks on or after the ex dividend date.
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