Southern Cross Media traded at 0.63 this Friday February 6th, decreasing 0.02 or 2.34 percent since the previous trading session. Looking back, over the last four weeks, Southern Cross Media lost 19.87 percent. Over the last 12 months, its price fell by 0 percent. Looking ahead, we forecast Southern Cross Media to be priced at 0.63 by the end of this quarter and at 0.59 in one year, according to Trading Economics global macro models projections and analysts expectations.
Southern Cross Media Group Limited is an Australia-based media company. The Company is engaged in creation of audio content for distribution on broadcast AM, FM and DAB radio, and digital networks. It broadcasts free to air television content in regional markets. The Company operates through two segments: Audio and Television. Audio segment comprises of metro and regional radio, podcasting and other related businesses. Television segment comprises its regional television business. The Company under the Triple M and Hit network brands owns approximately 99 stations across FM, AM, and DAB+ radio. It provides approximately 23 regional radio stations. It broadcasts approximately 92 free to air TV signals across regional Australia with Network 10 programming and advertising representation across Australia’s East Coast, Seven Network programming in Tasmania and Darwin, and Seven, Nine and Network 10 programming in Spencer Gulf.