Southern Cross Media Group (SCA) rejected Australian Community Media's (ACM) acquisition proposal due to misalignment with SCA's audio-focused strategy.

Southern Cross Media Group (SCA) rejected Australian Community Media's (ACM) proposal to acquire key print and digital news assets. The acquisition did not align with SCA's audio-focused strategy and would not create value for SCA shareholders. Despite some interest in ACM's digital and regional capabilities, SCA decided against pursuing the proposal and recommended shareholders take no action.

June 27, 2024
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