Southern Cross Media Group Holds First Combined AGM with Trading Update and Board Address

Sonal Goyal

05 November 2026 03:14 PM AEDT

Southern Cross Media Group Holds First Combined AGM with Trading Update and Board Address

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Southern Cross Media Group (ASX:SXL) delivered its Chairman's Address and Managing Director and Chief Executive Officer's Address at its 2026 Annual General Meeting on 5 November 2026, marking the first AGM of the combined company under Chairman Ryan Stokes AO.

Key Points

The 2026 AGM commenced at 11:00am AEDT on 5 November 2026, the first for the combined Southern Cross Media Group
The audio business expanded its margin to 23.4% and grew its share of audience and advertising during the year
Almost 16 million Australians are registered users of 7plus, and 2.7 million are registered users of LiSTNR
The Chairman disclosed the financial result for the year did not meet the company's expectations

First AGM of Combined Southern Cross Media Group

Ryan Stokes AO, Chairman of Southern Cross Media Group, opened the 2026 Annual General Meeting, describing it as the first AGM of the combined company and his first as Chair. Board members present included Teresa Dyson, Marina Go AM, Cathy O'Connor, Sylvia Wiggins, the Honourable Mark McGowan AC, Karen Stocks, and Rohan Lund, the company's Managing Director and Chief Executive Officer. The filing states the combined group's brands engage, inform and entertain more than 20 million Australians every month across broadcast television, audio, publishing and digital platforms.

Audio Performance and Registered Audience Figures Disclosed

The Chairman's Address highlighted the audio business as a key strength, stating it had an outstanding year by growing its share of audience and advertising and expanding its margin to 23.4%. Radio was described as one of the most trusted and resilient media in Australia. The filing also disclosed that almost 16 million Australians are registered users of 7plus, the company's streaming platform, while 2.7 million Australians are registered users of LiSTNR, the company's digital audio platform. The company described Western Australia as a market where its leading mastheads, television and radio sit within one company.

Financial Result and Integration Priorities Outlined

Chairman Ryan Stokes AO disclosed that the financial result for the year did not meet the company's expectations and did not deliver on the potential the Board believes exists for the business. The filing states the Board and management are focused on improving performance, with the Managing Director and Chief Executive Officer to provide further details. The company's stated priorities include completing the integration of the two businesses, building a more efficient cost base, and growing revenue from the integrated offering. The filing also noted the company intends to continue working constructively with the Government and Parliament on media regulatory reform.

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