Southern Cross Media’s First Loss | Australia News

Southern Cross Media’s first full-year report since the Seven Network and radio merger reveals a major twist: while they’ve expanded their reach to over 20 million Aussies monthly and boosted underlying earnings, the company posted a $13.1 million net loss — a stark reversal from pre-merger profits. CEO Rohan Lund blamed tough trading conditions and lower-than-expected revenue ($1.9 billion, down 4.5%), though core earnings beat forecasts at $191 million. With plans to cut 250–350 corporate roles and set aside $65–70 million for legacy TV contracts, the company is focused on discipline, unity, and turning audience connections into advertiser value — even as growth remains slow. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d37d401fbdc6714b