Southern Cross Media Group has secured legal approval to acquire Seven West Media, marking a significant consolidation in Australia's media landscape. Seven West Media shares will be suspended as the scheme moves to implementation.
Seven West Media shareholders have overwhelmingly approved the proposed acquisition by Southern Cross Media Group, clearing a major hurdle ahead of final court approval.
The ACCC has given informal clearance for the merger between Southern Cross Media Group and Seven West Media, marking a key regulatory milestone. The deal still awaits shareholder and ACMA approvals before completion.
oOh!media has appointed James Taylor, current SBS Managing Director, as its new CEO, set to take the helm in early 2026. This leadership change signals a strategic push for growth in Australia's fast-evolving out-of-home media sector.
Southern Cross Media Group has agreed to sell its remaining television assets to Seven West Media, marking its full exit from TV and a sharpened focus on audio.