Southern Cross Media Group to acquire Seven West Media

Southern Cross Media Group Limited (SCA) confirmed that its scheme of arrangement to acquire all issued shares in Seven West Media Limited (SWM) became legally effective on December 23, 2025, following approval from the Supreme Court of New South Wales. SWM has lodged an office copy of the court orders with the Australian Securities and Investments Commission (ASIC).

As a result of the scheme becoming effective, SWM shares are expected to be suspended from trading on the ASX at the close of today. The implementation date is anticipated to be January 7, 2026, when SWM shareholders will receive 0.1552 Southern Cross shares for each SWM share held at 7:00pm (Sydney time) on December 30, 2025.

The acquisition will integrate Seven West Media into Southern Cross Media Group, which already operates Australia's leading media properties including LiSTNR, the Hit, and Triple M networks. Southern Cross Austereo reaches an estimated eight million people each month through its digital audio sales network.