'Investment Markets Undervalue SCA's Business': Sale Rumours Fly as SCA Posts Strong Earnings

'If the offer was right': SCA CEO John Kelly hints at sale to Nine

Southern Cross Austereo (SCA) boss John Kelly has added fuel to speculation that Nine Entertainment Co. (NEC) could be gearing up to make an offer they can’t refuse. Speculation is building, initially reported by The Australian, that Nine is gearing up to buy SCA with some of the $3 billion dollars it received by selling its Domain divestment. When asked by Mediaweek if SCA was for sale, Kelly responded: “I’m not going to answer that question di…

'Investment markets undervalue SCA's business': Sale rumours fly as SCA posts strong earnings

Southern Cross Austereo has posted strong full-year results during a twelve-month period in which it shed its television assets and recovered from a costly and fruitless takeover bid from its main competitor, ARN.In terms of the company’s continuing operations — with its TV interests sold — revenue was up by 5% year-on-year to $421.9m. Underlying […]