Completion of Southern Cross Media Group television assets acquisition – Seven West Media (ASX: SWM) today announced that it has completed the acquisition from Southern Cross Media Group Limited (ASX: SXL) of the television licences and associated assets operating in Tasmania, Darwin, Spencer Gulf, Broken Hill, Mt Isa and Remote, Central and Eastern Australia.
Following the acquisition, SWM becomes the largest regional commercial television broadcaster in Australia, and provides continuity for these regional communities to connect with our leading news, sport and entertainment content on Seven and 7plus.
Based on the transaction consideration of $3.75 million, the acquisition will be immediately earnings accretive in FY26.
SWM Managing Director and Chief Executive Officer, Jeff Howard, said:
“SWM is pleased to have completed this small but strategically important acquisition that solidifies our position as Australia’s leading regional commercial television broadcaster.
“Our ongoing commitment is to ensure that our regional communities can access our local and national news bulletins, our compelling sport lineup including AFL, Test and BBL cricket, and our premium entertainment programming.”
SWM will release its financial results for the year ended 30 June 2025 on Tuesday 12 August 2025. Details of the results briefing will be provided in due course.
This release has been authorised to be given to the ASX by the Board of SWM.
Media Release – Seven
Link to 7plus HERE
TV Central Seven content HERE
Completion of Southern Cross Media Group television assets acquisition
