Southern Cross Austereo

Southern Cross Media Profit $45.1m, down 52% 1H2013


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.
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