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Australia's Seven West Media agrees to merge with Southern Cross Media, forming a ~$274M metropolitan and regional group to better compete with streaming giants (Scott Murdoch/Reuters)

Mediagazer · last updated

Scott Murdoch / Reuters:
Australia’s Seven West Media agrees to merge with Southern Cross Media, forming a ~$274M metropolitan and regional group to better compete with streaming giants  —  — Southern Cross shareholders to own 50.1% of merged group  — Merger expected to save A$25-30 million annually

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