ARN Media Exits Substantial Holder Position in Southern Cross Media Group
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ARN Media Limited has exited its substantial shareholder position in Southern Cross Media Group after selling 7,196,974 shares for approximately A$4.8 million on January 22, 2026. This divestment reduces ARN Media's voting power below the substantial holding threshold, potentially impacting perceptions of strategic alignments between the two media groups. However, it does not affect day-to-day operations at Southern Cross. The current analyst rating for Southern Cross Media Group (AU:SXL) is a Hold with a price target of A$0.75.
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