Overview

• Under the terms, Seven West Media shareholders would receive 0.1552 Southern Cross shares per SWM share, resulting in a 49.9%/50.1% ownership split in favor of SCA holders.
• Jeff Howard is slated to lead the combined company as managing director and CEO, with Southern Cross chief John Kelly to serve as group managing director, Audio.
• Kerry Stokes will chair the board until stepping down in February 2026, when Heith Mackay-Cruise is set to assume the chair role.
• The combined board is planned to include four SWM directors and three SCA directors, with Ido Leffler indicating he will retire by June 30, 2026.
• The merger aims to create a unified platform for advertisers and audiences across metropolitan and regional markets and follows a May deal for regional TV licences.