Overview

• Seven West shareholders will receive 0.1552 Southern Cross shares per SWM share, leaving SCA investors with 50.1% of the combined group and SWM holders with 49.9%.
• The transaction unites Seven’s television and publishing assets with Southern Cross’s Triple M and Hit networks to create an integrated TV, audio and digital business valued at about A$417 million.
• Jeff Howard will lead the merged company as CEO, John Kelly will oversee audio, and Kerry Stokes will chair until February 2026 before handing to Heith Mackay-Cruise.
• The companies target A$25–30 million in annual pre-tax cost savings, with delivery expected over 18 to 24 months after completion.
• Regulatory reviews are underway, a 75% vote by Seven West shareholders is planned for the first quarter of 2026, and activist investor Sandon Capital (about 11% of SCA) has flagged opposition to the deal.