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EXPLAINED: 2 - The Real Truth

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FED:Mass job cuts at major media firm months after merger

The company behind the Seven Network and The West Australian is cutting hundreds of jobs months after a controversial merger.

AAP

Hundreds of media jobs to go as TV advertising slumps

The owner of the Seven Network is slashing hundreds of jobs, downgrading its guidance and writing off millions of dollars from a burdensome TV content contract.

AAP

A right mess: how mining, media and political interests are combining to influence public debate in Australia

Mining billionaire Gina Rinehart is bankrolling the acquisition of a 9.5% stake in Southern Cross Media by Bruce McWilliam, who worked for Murdoch’s News Corp for nine years and is also a former Seven Network executive.

The Conversation

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The Guardian - AU

Gina Rinehart bankrolls purchase of 10% stake in Seven network owner Southern Cross Media

The $26m deal involving media executive Bruce McWilliam signifies return to media business for mining billionaire after previous holdings in Fairfax and Ten

The Guardian - AU

Passengers forced to stand for hours on regional Victoria trains as free tickets supercharge long weekend demand

Reduced public holiday services and school holidays heighten pressure on network, leading to overcrowding

The Guardian - AU

Across Australia’s outer suburbs, more parents are picking private over public schools. What’s behind the trend?

The uptick in enrolments is sharpest in urban growth areas, with parents seeking the best opportunity they can get for their children

AAP

Merged media group upbeat despite chief's sudden exit

Southern Cross Media has played up the value of its new TV assets, which under its previous owner battled a weaker ad market and competition from streamers.

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AAP

Mega media group merger clears shareholder hurdle

Seven West Media shareholders have overwhelmingly agreed to the TV network's merger with Southern Cross Media, with the union set to be complete in weeks.

AAP

Seven merger with Southern Cross moves a step closer

The planned merger of a major radio network with a TV broadcaster has been approved by competition watchdog, moving a prominent mogul closer to retirement.

The Conversation

The Australian media is more concentrated than ever. Here are the 3 moments that got us here

In its announcement of the proposed merger with Southern Cross Media, Seven West described the deal as “consistent with Seven West’s stated strategic position of being in support of media consolidation in Australia”.

AAP

Networks join forces to create $416m media monolith

A $416 million merger between the owner of Australia's most popular TV network and the country's biggest radio broadcaster has ignited their share prices.

The Independent UK

Judge blocks imports of some Chilean sea bass from Antarctica in fishing feud at bottom of the world

A federal judge in Florida has blocked the imports of a high-priced Chilean sea bass from protected waters near Antarctica

The Guardian - AU

Fears for local news diversity if rightwing startup buys Southern Cross regional TV network

Fringe news streaming channel ADH TV, which launched with Alan Jones at the helm, confirms offer for 93 regional free-to-air stations

AAP

App becomes Southern Cross' north star as profits drop

Australia's largest radio broadcaster has recorded a 14 per cent drop in earnings with its streaming app one of the few bright spots.

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