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Southern Cross Media (ASX:SXL), the audio and broadcasting group, is the subject of activist engagement from Sandon Capital. In August 2026, Sandon said SXL's results showed audio remains the least challenged traditional media outlet, while the poor reputation of former Seven West Media assets proved accurate. Sandon reported the company cut FY26 revenue guidance, and noted the chairman's retirement soon after Sandon lodged notices with the company. In December 2025, Seven West Media shareholders approved its acquisition by Southern Cross. Southern Cross Media operates in the Communication Services sector within the Media industry, and Thesis Tracker has captured 10 comments from 2 fund managers, including Sandon Capital. Founded in 2005 and headquartered in South Melbourne, Southern Cross operates the Hit and Triple M radio networks, the LiSTNR digital audio platform and, after acquiring Seven West Media, the Seven Network, 7plus and West Australian Newspapers.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Sandon Capital and Spheria Asset Management have invested in Southern Cross Media Group Ltd (ASX:SXL).
Sandon highlights audio's resilience as the least challenged traditional media channel and its activist engagement, which has contributed to board renewal.
Sandon notes the former Seven West Media assets have performed poorly, and Southern Cross cut FY26 revenue and EBITDA guidance amid weak advertising markets.
Southern Cross Media Group Ltd. is an Australian audio content creator and broadcaster based in South Melbourne. Founded in 2005, the company operates through three primary segments: Broadcast Radio, Digital Audio, and Television. Its Broadcast Radio division encompasses both metro and regional radio networks. The firm specializes in developing and distributing audio content across these platforms.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.