Media companies ACM and Southern Cross Media Group propose a merger to create a dynamic Australian media company.
Media companies ACM and Southern Cross Media Group have proposed a merger, aiming to create a "dynamic and exciting" media company in Australia. Southern Cross Media Group announced a due diligence period to acquire ACM assets, including 14 daily print and digital news publications, regional/metro titles, and an agriculture division. Southern Cross will examine the proposal to determine if it aligns with their strategy and could create value for shareholders, particularly in ACM's digital capabilities.
May 28, 2024
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